Prime Highlights
- Mukesh Ambani launched Reliance Intelligence, a new AI venture under RIL, promising AI “everywhere and for every Indian.”
- Ambani said the new business could have an impact as large or larger than Reliance’s entry into mobile internet services a decade ago.
Key Facts
- Reliance set up the venture with a paid-up capital of ₹1 crore and outlined four key missions, including gigawatt-scale data centres in Jamnagar and AI-powered applications.
- Reliance extended partnerships with Google and Meta, with Meta joining in a $100 million open-source AI platform-as-a-service, where Reliance will hold 70%.
Background
Billionaire Mukesh Ambani on Friday launched Reliance Intelligence, a new artificial intelligence (AI) venture under Reliance Industries Ltd (RIL), promising AI “everywhere and for every Indian.” The announcement came during RIL’s 48th annual general meeting in Mumbai.
Ambani mentioned that a new business would impact the same or more than the time Reliance ventured into mobile internet services ten years ago. The company set up the new venture with a paid-up capital of ₹1 crore and outlined four key missions—building gigawatt-scale data centres in Jamnagar, forming global partnerships, creating AI-powered applications for consumers and industries, and hiring top researchers, engineers, and designers.
Reliance also announced extended partnerships with Google and Meta to develop AI services. Google will support Reliance’s data centre plan, while Meta will join RIL in a $100 million investment to create an open-source AI platform-as-a-service for businesses. Reliance will hold 70% of this joint venture.
Ambani noted that AI is already central to Reliance’s transformation into a deep-tech company. The way Jio has offered digital services to each Indian, Reliance Intelligence will offer AI to each Indian.
Industry experts welcomed the move, especially the focus on data centres, given India’s limited capacity compared to global levels. Analysts observed that the size of Reliance has the potential to popularize AI applications among common individuals, especially in Indian languages and local applications.
However, some consultants called the investment cautious, pointing out that Meta’s global AI spending far outpaces its $30 million annual contribution to this partnership.
Despite the major announcement, RIL shares closed 2.2% lower at ₹1,357 on the BSE. Still, analysts said Reliance’s entry into AI, supported by global technology giants, positions it as a key player in India’s growing digital and AI landscape.