Will invest hundreds of millions of dollars in AI: Flipkart

Flipkart Co-founder Sachin Bansal has said the homegrown e-commerce startup will invest "hundreds of millions of dollars" in the artificial intelligence (AI) initiative over the next few years. Bansal said that Flipkart has begun recruiting AI experts and building infrastructure for its internal AI unit called 'AIforIndia'. Bansal added that Flipkart is also looking for AI-related acquisitions.