Ashutosh Kulkarni, the Global CEO of Elastic, expresses strong optimism regarding the transformative potential of generative artificial intelligence (Gen-AI). He firmly believes that generative AI is reshaping the boundaries of what's achievable and enhancing user-friendliness in the realm of search technology.

"Generative AI is truly changing the art of the possible. The beauty of search has always been that it has allowed people to access information in very natural ways. Search is very user friendly and that is what has made it such a wonderful way to access information and what Gen-AI is doing is, it is making search even more user friendly. Now you can have a conversation with the system and have it provide just the right information to you and so that unlocks all kinds of use cases, improves the efficiency of different business processes. I personally believe that Gen-AI is going to be the same kind of major technology shift as we saw with Cloud computing in the past. So I am very bullish on it," Kulkarni said in an interview to CNBC-TV18.

Elastic, an open-source company, offers a comprehensive suite of solutions aimed at helping businesses tackle challenges associated with unstructured and semi-structured data. Recently, the company unveiled Elastic AI Assistant for Observability, a solution harnessing generative AI and the ElasticSearch Relevance Engine (ESRE). This innovation provides human site reliability engineers (SREs) with enriched context concerning application errors, log messages, and alerts, all while suggesting improvements in code efficiency.

Furthermore, Infinity Learn, an edtech platform owned by the Sri Chaitanya group, reported significant financial growth. In FY23, the platform achieved profitability with revenue reaching Rs 100 crore, a remarkable surge from Rs 2.3 crore the previous year. Notably, the platform had recorded a loss of Rs 37 crores in FY22. Ujjwal Singh, the Founder-CEO & President of Infinity Learn, articulated the company's ambitious goal of reaching 50 million learners, with one million of them being paid subscribers, on its platform by 2025. Presently, Infinity Learn boasts over 7,50,000 subscribers and serves a user base of seven million learners.

In addition, CNBC-TV18's Aishwarya Anand presents a report on how SmartStaff, a skilling and blue-collar staffing platform, is empowering gig workers by imparting valuable skills and enabling them to attain financial independence within its manufacturing units.

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