Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024.
Indian conglomerate Reliance Industries on Friday announced new partnerships with Google and Meta to accelerate the company's push into artificial intelligence.
Speaking at an annual shareholders' meeting on Friday, Reliance Chairman Mukesh Ambani also disclosed ambitions to list Reliance Jio, India's largest mobile network, in the first half of 2026.
"A decade ago, digital services became a new growth engine for Reliance — the opportunity before us with AI is just as large, if not larger," Ambani said, as he revealed a new fully owned subsidiary called Reliance Intelligence.
In a pre-recorded video played during the AGM, Google CEO Sundar Pichai said that Reliance would leverage the internet giant's AI and cloud computing capabilities to boost innovation across sectors like energy, retail, telecommunications and financial services.
The pair will establish a dedicated cloud region in India, powered by clean energy provided by Reliance Industries and connected through Jio's network.