Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to wage his past respect to Indian industrialist Ratan Tata astatine the National Centre for the Performing Arts (NCPA) up of its cremation successful Mumbai connected October 10, 2024.
Punit Paranjpepunit Paranjpe | AFP | Getty Images
Indian conglomerate Reliance Industries connected Friday announced caller partnerships with Google and Meta to accelerate the company's propulsion into artificial intelligence.
Speaking astatine an yearly shareholders' gathering connected Friday, Reliance Chairman Mukesh Ambani besides disclosed ambitions to database Reliance Jio, India's largest mobile network, successful the archetypal fractional of 2026.
"A decennary ago, integer services became a caller maturation motor for Reliance — the accidental earlier america with AI is conscionable arsenic large, if not larger," Ambani said, arsenic helium revealed a caller afloat owned subsidiary called Reliance Intelligence.
In a pre-recorded video played during the AGM, Google CEO Sundar Pichai said that Reliance would leverage the net giant's AI and unreality computing capabilities to boost innovation crossed sectors similar energy, retail, telecommunications and fiscal services.
The brace volition found a dedicated unreality portion successful India, powered by cleanable vigor provided by Reliance Industries and connected done Jio's network.
Separately, Ambani besides announced a caller associated task with Meta to marque usage of the tech group's open-source AI models and present "sovereign, enterprise-ready AI for India."
Under the caller venture, Reliance Industries and Meta person committed an archetypal concern of $100 cardinal to capitalize the portion successful a ratio of 70% and 30% respectively, the 2 companies said successful a associated connection Friday.
Meta brag Mark Zuckerberg hailed the concern arsenic "a cardinal measurement guardant towards ensuring that everyone has entree to AI and yet ace intelligence."
The partnerships awesome a deeper propulsion from U.S. tech names into India astatine a clip erstwhile the state is seeing important economical growth. It is not the archetypal clip that either Google and Meta has shown an involvement successful Reliance.
In 2020, Meta invested $5.7 cardinal into Jio Platforms, which is the genitor institution of Reliance Jio. Google separately announced a $4.5 cardinal concern successful Jio Platforms that aforesaid year.
Jio Platforms owns a fig of brands, including its telecommunications concern Reliance Jio, which has grown rapidly implicit the past decennary acknowledgment to competitory pricing.
Reliance's deeper pacts with Google and Meta travel astatine a precarious clip for U.S.-India relations. U.S. President Donald Trump has imposed hefty tariffs connected India implicit its purchases of Russian oil.
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