Azim Premji’s family office to invest more money in AI to prop $10 bn fund

PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools, a senior executive at the firm said.

The company, among the first large Indian asset managers to use AI tools in the private equity space, is now working on an AI quant model for its public market bets too, TK Kurien, its managing partner and chief investment officer, said in his first interview after taking the role in 2017. The asset manager, which has seen “exponential returns,” will also invest more in the AI space, he said.