Paytm to deploy GroqCloud to enhance AI on its platforms

Fintech firm One 97 Communications, which owns Paytm brand, will deploy Groq AI technology to build high-performance AI models that enhance transaction processing, risk assessment, fraud detection, and customer engagement across its platform, the company said on Wednesday.

Founded by a former Google engineer, Jonathan Ross, US-based Groq specialises in ultra-fast AI chips called language processing units.