AI dominates Reliance's annual general meeting
Reliance Industries, India's largest company by market capitalization, is not sitting out the AI frenzy that has gripped the tech world.
Reliance Industries, India’s largest company by market capitalization, is not ignoring the AI frenzy that has gripped the tech world.
At the company’s 47th annual general meeting on Thursday, Reliance chairman Mukesh Ambani and other executives mentioned AI nearly three-dozen times within two hours, detailing plans to integrate the technology across the company’s various businesses across telecommunications, retail and energy.
Reliance also said it is planning to set up large-scale, AI-ready data centers in Jamnagar, in the western state of Gujarat, that will be powered by the company’s green energy resources. Ambani claimed these facilities would enable lower AI inferencing costs in India, potentially making AI applications more affordable. However, the company was short on details about the feasibility of its plans and the timeline for achieving these goals.
Reliance’s telecom arm, Jio, is developing a “comprehensive” AI suite called “Jio Brain” to accelerate AI adoption across its operations and other Reliance companies. The firm is partnering with Jio Institute to develop an AI program aimed at cultivating AI talent in India.
Reliance plans to offer Jio users up to 100 GB of free cloud storage through its Jio AI-Cloud service, set to launch around Diwali in October, Ambani said. During the presentation, the company also showed off JioPhonecall AI, a call recording and transcription service, and introduced Jio TvOS, an operating system for its set-top boxes that will feature an AI voice assistant.
India has lagged other countries in the AI race, but the last year has seen a flurry of activity from conglomerates like Reliance and Tata Group (both of which have partnered with Nvidia) as well as startups pushing to develop AI apps and infrastructure.
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