This is a performance of a portion of the album 'Kinsmen' at U-Mass. The album's name is quite apt. The collaborators are Rudresh Mahanthappa, U.S born Jazz Musician, and Kadri Gopalnath, The carnatic exponent. This article in the New yorker reviews the album and mentions how these two wonderful musicians got together and realized their parents are both from Karnataka (my home state) in India. You can listen to this album here. You can follow the Dakshina (i.e., "South" in the Kannada language) Ensemble if you are interested. Rudresh has gone on further to work with Vijay Iyer, another acclaimed U.S born Jazz pianist, who in turn, is also part of the band 'Tirtha', along with personal favorite Prasanna (see link on the right side of this tab).
A vigorous discussion of fusion music in general, including more feedback on this album can be found here.
These may be the next generation of musicians who take Indian (and south Indian) music to the next level and enable it to reach an even wider audience. This blog post talks about Prasanna in this context.