Reliance Industries and Meta Platforms are both investing in a joint venture to develop an AI platform to support enterprises in India and select international markets. This venture will be powered by Meta’s open-source Llama models.
The pair have jointly committed an initial investment of INR8.6 billion ($96.9 million) to capitalise the venture, with Reliance contributing 70 per cent and Meta Platforms the remainder.
In a joint statement, the companies noted the JV will develop vertical and sector‑specific offerings including an AI platform-as-a-service and a suite of pre-configured AI tools.
Reliance chair and MD Mukesh Ambani noted partnering with Meta Platforms “brings our vision of providing AI to every Indian and enterprise to life”, by combining the latter’s open-source Llama models with its expertise across multiple industries.
The transaction is subject to standard regulatory approvals and is expected to close in Q4.
Google Cloud
Meanwhile, Reliance expanded a partnership with Google Cloud, with plans to design and build an AI-focused cloud facility and associated network infrastructure in the city of Jamnagar, on the west coast.
In a separate statement, it explained the cloud region supported by Reliance’s infrastructure, renewable energy and nationwide network, will be fully compliant with Google Cloud’s global specifications and service-level standards.
Google Cloud will deploy its AI hyper-computer AI stack offering generative models, development platform and relevant applications.
Ambani said by bringing Google Cloud’s AI capabilities to Jamnagar, “we are laying the foundation for India to become a global leader in AI”.
Source: Mobile World Live
Image Credit: Meta Platforms
