Mukesh Ambani makes BIG move! After Jio, Reliance to invest Rs 8550000000 in…., Meta to…
Mukesh Ambani, Chairman of Reliance Industries, is gearing up for a game-changing move in the world of technology. The Reliance Industries chairman is likely to invest his next trillion-rupee fortune in artificial intelligence (AI) through his newly launched company, ‘Reliance Intelligence’—a step many see as his boldest yet.
What is Mukesh Ambani planning with his latest big move?
When Mukesh Ambani launched Jio back in 2016, he promised to give data to the masses. Now, he is saying that he will bring AI to every Indian. Brokerage firms have termed this India’s most aggressive play on GenAI, according to The Economic Times.
Where will the new AI infrastructure and services be implemented?
At Reliance Industries’ annual general meeting (AGM) on Friday, the term ‘AI’ was mentioned 80 times. Ambani laid out his plan to transform Reliance from an oil and chemicals company into one of the leading technology firms in the world. This scheme involves joint-venture investments of $100 million, new gigawatt-scale data centers, and collaboration with large companies in Silicon Valley.
“RIL’s ambition to be India’s AI powerhouse should be NAV-accretive, as it integrates GenAI infrastructure at gigawatt scale with its new energy vertical, and ties up with hyperscalers to drive internal adoption and offer AI as a service,” Morgan Stanley analyst Mayank Maheshwari stated, as reported by Economic Times.
While India is trying to catch up in AI infrastructure, Maheshwari observed that Reliance has all the ingredients to become the most aggressive bet on GenAI in India, following the US hyperscaler model by using its power generation capacity to build data centres, creating AI inference and training capabilities.
How will Reliance and Meta collaborate on this project?
During the AGM, it was announced that Reliance Intelligence will become a 70:30 joint venture between Reliance and Meta, which will build next-generation AI infrastructure, create & operate global partners, provide AI services, and identify world-class AI talent. Reliance Industries and Meta have made a combined $100 million investment, with the deal expected to be completed by December. Together, Meta and Reliance will also make open-source AI models for Indian businesses to help promote innovation and productivity.
Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, said, “Partnering with Meta brings our vision of providing AI to every Indian and enterprise to life – by combining Meta’s most widely adopted open-source Llama models with our deep expertise across multiple industries.”
“We will democratise enterprise-grade AI for every Indian organisation – from ambitious SMBs to blue-chip corporates, enabling them to innovate faster, operate more efficiently, and compete confidently on the global stage. RIL will also serve as a real-world enterprise-scale environment for deploying and refining the joint venture’s offerings – enabling rapid iteration and continuous improvement at scale.”
According to news agency ANI report, Mark Zuckerberg, Founder and CEO, Meta, said, “We’re excited to deepen our partnership with Reliance to bring the power of open-source AI to Indian developers and enterprises. Through this joint venture, we’re putting Meta’s Llama models into real-world use, and I’m looking forward to Meta expanding its footprint in the enterprise space as we unlock new possibilities together.”
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