US EditionRIL AGM 2025: Reliance, Meta Enter Into ₹855 Crore India-Focused AI Joint Venture, Says Mukesh Ambani
The joint venture will invest $100 million, with Reliance holding 70%, to provide affordable AI tools for businesses, enhancing innovation especially for small and medium enterprises.
- At its 48th AGM, Reliance Industries Limited and Meta Platforms, Inc. announced a joint venture to develop enterprise-grade AI solutions for Indian businesses in Mumbai , India.
- The partners said the venture will democratize AI technology for Indian organisations, aiming to make generative AI accessible, secure, and scalable across sectors like finance, information technology, customer service, sales, and marketing, focusing on small and medium businesses.
- The companies said the JV will build enterprise platforms powered by Meta's Llama models and leverage Jio's network plus Jamnagar Cloud Region and gigawatt-scale AI data centres with flexible deployment.
- Under the agreement, the JV is funded with Rs 855 crore , capitalised 70% by Reliance and 30% by Meta, and aims to lower cost barriers for small and medium businesses .
- Mukesh Ambani also unveiled Reliance Intelligence, a wholly owned AI unit aiming to embed AI across businesses with four missions and to position India as a leader, backed by Google partnerships.
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Reliance, Meta Announce Joint Venture to Build Enterprise AI Solutions
Get latest articles and stories on Business at LatestLY. Reliance Industries announced a joint venture with Meta on Friday, which will build and scale enterprise artificial intelligence solutions for enterprises in India and select international markets. Business News | Reliance, Meta Announce Joint Venture to Build Enterprise AI Solutions.
RIL and Meta Fuel AI Revolution in India with Rs 855 Crore Venture
Reliance Industries Limited teams up with Meta in a Rs 855 crore venture to develop AI solutions for Indian businesses. The partnership aims to combine Meta's AI models and Reliance's expertise across various sectors, making enterprise-grade AI accessible through the power of open-source technology.
Reliance teams up with Meta to bring enterprise AI solutions to India
The joint venture will create AI platforms and tools based on Meta’s open-source Llama models. These will be designed to help businesses improve efficiency across areas like customer service, sales, IT operations, finance, and more.
Reliance, Meta announce joint venture to build enterprise AI solutions - The Tribune
Reliance Industries announced a joint venture with Meta on Friday, which will build and scale enterprise artificial intelligence solutions for enterprises in India and select international markets.
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