Ambani wants Reliance to emerge as pioneer AI developer for India

Ambani Orgochem

28/12/2023 13:45

By Dhwani Pandya
       MUMBAI, Dec 28 (Reuters) - Reliance Industries Chairman
Mukesh Ambani wants the group to pioneer artificial intelligence
solutions for India's urgent priorities including healthcare,
education, agriculture and employment, the billionaire said on
Thursday.
    The 66-year-old said as Reliance reinvents itself to become
a new age technology company it needs "to be at  the  forefront
of using data, with AI as an enabler for achieving a quantum
jump in productivity and efficiency." 
    Mukesh has led the transformation of Reliance from a
traditional energy and material business company into a
technology company over the last decade with the launch of its
telecom and digital services. 
    Reliance, which was started by Mukesh's father Dhirubhai
Ambani in 1957, now operates in telecoms, digital services,
retail, oil and gas and new energy with a market value of more
than $200 billion.
    To supports its AI ambitions, in September Reliance signed a
deal with U.S. chip firm Nvidia to develop cloud infrastructure
and language models, as well as generative applications.
    In his year-end address to employees on Thursday Mukesh
urged them to bring AI-led transformation across the company's
key growth engines including digital services, retail, oil and
chemical business as well as health and life science by 2024.
    Also on Thursday, Reliance rival Adani Group said that it
had formed a joint venture with a unit of Abu Dhabi-based
International Holding Co. (IHC) for deployment AI, Internet of
Things (IoT) and blockchain products. The  joint venture aims to
tap $175 billion India digitization opportunity. 

    

 (Reporting by Dhwani Pandya
Editing by Alexandra Hudson)
 ((dhwani.p@thomsonreuters.com;))