SynopsisKuku Technologies is on the verge of launching an expansive artificial intelligence production facility, aimed at bolstering its flourishing microdrama business and paving the way for an initial public offering. This strategic move is crucial as the competition in the microdrama sector heats up with new players entering the market. Analysts anticipate considerable growth in India's microdrama landscape in the foreseeable future.Kuku Technologies, which has confidentially filed papers for a Rs 3,500 crore initial public offering (IPO), is building a 1,000-member artificial intelligence-led production unit as it scales its microdrama business, people aware of the matter told ET.The Mumbai-based unit has hired close to 200 people and is expected to have about 1,000 employees by the end of the current financial year, the sources said. This includes writers, filmmakers, andNow Playing