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Reliance, Meta launch enterprise AI JV with Rs 855 crore investment: Here’s all you need to know - The Economic Times

Economic Times

Economic Times · 5h ago

Reliance, Meta launch enterprise AI JV with Rs 855 crore investment: Here’s all you need to know - The Economic Times

Reliance Industries Limited and Meta Platforms have formed a joint venture, Reliance Enterprise Intelligence Ltd (REIL), focusing on enterprise AI services. Reliance holds a 70% stake, and Meta's subsidiary, Facebook Overseas, holds 30%. With an initial investment of Rs 855 crore, REIL aims to leverage Meta's Llama models and Reliance’s network to develop AI solutions for businesses. Announced at RIL's AGM, the venture doesn't require regulatory approvals and targets the AI sector growth.

Related News

EU clears Mukesh Ambani-led Reliance's ₹855 cr-JV with Zuckerberg's Meta

Economic Times

Economic Times · 29d ago

EU clears Mukesh Ambani-led Reliance's ₹855 cr-JV with Zuckerberg's Meta

The European Union has approved a joint venture between Reliance Industries Limited (RIL) and Meta Platforms to create enterprise-focused artificial intelligence solutions. Announced at RIL's Annual General Meeting, the venture will invest about ₹855 crore, with Reliance holding a 70% stake and Meta 30%. Utilizing Meta’s Llama models and Reliance’s market presence, it will offer AI tools for sectors like sales, marketing, and customer service, focusing on lowering ownership costs.

Reliance to form Rs 855 crore JV with Meta ; Mukesh Ambani says, 'Llama models with our deep...'

IndianStartupNews

IndianStartupNews · 1m ago

Reliance to form Rs 855 crore JV with Meta ; Mukesh Ambani says, 'Llama models with our deep...'

Reliance Industries and Meta are forming a joint venture with an Rs 855 crore (~$100 million) initial investment to develop enterprise AI solutions in India and select international markets. Reliance will hold a 70% stake and Meta 30%. Utilizing Meta's open-source Llama models, the venture aims to provide AI solutions spanning various sectors, enabling Indian businesses, including SMBs and large corporations, to innovate and compete globally at reduced costs.

Reliance and Facebook form joint venture to launch AI firm, invest Rs 855 Cr

Entrackr

Entrackr · 7h ago

Reliance and Facebook form joint venture to launch AI firm, invest Rs 855 Cr

Reliance and Facebook form joint venture to launch AI firm, invest Rs 855 Cr Reliance Intelligence Limited, a subsidiary of Reliance Industries, has formed a joint venture named Reliance Enterprise Intelligence Limited (REIL) with Facebook Overseas Inc., a unit of Meta Platforms Inc. Reliance Intelligence Limited (RIL), a wholly owned subsidiary of Reliance Industries Limited, has formed a joint venture named Reliance Enterprise Intelligence Limited (REIL) in partnership with Facebook Overseas Inc., a wholly owned subsidiary of Meta Platforms Inc. The venture will focus on developing, marketing, and delivering enterprise-grade artificial intelligence (AI) solutions across India. As per the exchange filing, Reliance Intelligence Limited has incorporated Reliance Enterprise Intelligence Limited (REIL) on October 24, 2025, with initial investment of Rs 2 crore to subscribe to 20 lakh equity shares of Rs 10 each. As part of the joint venture agreement, Reliance Intelligence and Facebook have jointly committed an investment of Rs 855 crore in the venture. Reliance Intelligence will have a 70% stake in the Reliance Enterprise Intelligence Limited (REIL) while Facebook will command the remaining 30% stake. “The transaction does not qualify as a related party transaction, and none of the company’s promoters, promoter group, or group companies have any interest in it,” the exchange filing stated.

ET Explainer: AR glasses privacy risks in view on big comeback - The Economic Times

Economic Times

Economic Times · 1m ago

ET Explainer: AR glasses privacy risks in view on big comeback - The Economic Times

Reliance Jio, Meta, and Amazon are introducing AI-powered AR glasses to India, reigniting privacy and surveillance concerns. These smart glasses, equipped with cameras and microphones, enable features like hands-free calls and navigation. However, privacy laws like India's DPDP Act are vague, raising worries about worker surveillance, particularly for gig workers. While India lags behind global regulations, AR glasses are expected to be adopted slowly, focusing initially on enterprise use despite potential privacy backlash.

AI will checkmate Indian youth if they don't learn to code: Stack Overflow CEO - The Economic Times

Economic Times

Economic Times · 18d ago

AI will checkmate Indian youth if they don't learn to code: Stack Overflow CEO - The Economic Times

Stack Overflow has made its AI-driven platform free for Indian users, highlighting the need for coding skills as reliance on AI grows. CEO Prashanth Chandrasekar warns that without proper programming knowledge, Indian youth might be surpassed by AI advancements. Despite fears of AI replacing developers, the demand remains high, especially with Stack Overflow's shift to AI by licensing its data. The platform generates significant revenue through enterprise products and data licensing agreements with major tech companies.

Tesla shuts down Dojo: Here’s all you need to know - The Economic Times

Economic Times

Economic Times · 2m ago

Tesla shuts down Dojo: Here’s all you need to know - The Economic Times

Tesla has shut down its Dojo supercomputer project, ending its efforts to develop in-house chips for self-driving technology. This decision follows the departure of about 20 team members to form a new AI company, DensityAI. CEO Elon Musk emphasized the importance of consolidating resources rather than pursuing multiple AI chip designs. Tesla will now rely on external tech companies like Samsung, Nvidia, and AMD for chip production and computing needs.

Meta announces launch of APAC's 'largest capacity subsea cable' in 2028 - The Economic Times

Economic Times

Economic Times · 19d ago

Meta announces launch of APAC's 'largest capacity subsea cable' in 2028 - The Economic Times

Meta has announced the launch of Candle, the largest capacity subsea cable in the Asia-Pacific region, set to launch in 2028. Spanning 8,000 kilometers, it will connect Japan, Taiwan, the Philippines, Indonesia, Malaysia, and Singapore, supporting over 580 million people with a bandwidth capacity of 570 terabits per second. Additionally, Meta is enhancing subsea projects like Bifrost, Echo, and Apricot, and developing Hindi AI chatbots for Indian users.

Reliance launches AI unit with Google and Meta as partners

Entrackr

Entrackr · 1m ago

Reliance launches AI unit with Google and Meta as partners

Reliance Industries Limited (RIL) has announced the launch of a new artificial intelligence focused subsidiary Reliance Intelligence with Google and Meta onboard as strategic partners. The new unit will focus on four key areas which include setting up gigawatt scale AI ready data centres in Jamnagar, forging partnerships with global technology companies and open source communities, deploying AI solutions across sectors such as education, healthcare, agriculture and small businesses, and attracting global AI talent to India. Google CEO Sundar Pichai said the company will work with Reliance to bring AI across its businesses covering energy, retail, telecom and financial services. Both companies will also establish a dedicated Jamnagar Cloud region for Reliance. Reliance will also create a joint venture with Meta to build sovereign enterprise ready AI platforms for Indian companies and government entities. The partnership will combine Meta’s open source Llama models with Reliance’s scale in energy, telecom, retail and manufacturing. Meta CEO Mark Zuckerberg said the venture aims to ensure access to AI for everyone in India and eventually to superintelligence. The launch reflects Reliance’s ambition to expand beyond its oil to chemicals operations into technology and new age sectors. Over the past few years, the conglomerate has scaled Jio into India’s largest telecom operator, built Reliance Retail into a global retail powerhouse, and committed billions to clean energy giga factories. Mukesh Ambani said Jio delivered digital everywhere for every Indian and Reliance Intelligence will deliver AI everywhere for every Indian.

Reliance AGM 2025: Google to help build cloud facility in Jamnagar - The Economic Times

Economic Times

Economic Times · 1m ago

Reliance AGM 2025: Google to help build cloud facility in Jamnagar - The Economic Times

Reliance Industries and Google are collaborating to establish a cloud region in Jamnagar, powered by clean energy and Jio's network. This initiative aims to enhance AI accessibility across India. The partnership extends their decade-long collaboration and builds on Google's previous $4.5 billion investment in Jio Platforms. Additionally, Reliance announced the launch of Reliance Intelligence, a subsidiary focused on AI infrastructure and services in India, powered by green energy and fostering AI talent nationwide.

Meta outage hit Facebook, Instagram, WhatsApp and more. Here’s what we know so far

Livemint

Livemint · 10m ago

Meta outage hit Facebook, Instagram, WhatsApp and more. Here’s what we know so far

A major outage affected social media and messaging services including Facebook, Instagram, and WhatsApp, all operated by Meta. The outage was reported globally and impacted various Meta products. The cause of the outage is still unknown, but it seems to be a single point of failure that affected multiple services. Internet platforms like Meta are typically designed to be highly reliable through replication. The outage highlights the importance of engineering critical systems to maximize reliability and minimize central points of failure. The exact cause of the outage is yet to be determined.

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