Reliance Industries Limited Chairman Mukesh D Ambani on Monday, August 28, said Jio Platforms will now focus its efforts on "India-specific artificial intelligence (AI) models and AI-powered solutions across domains". Addressing the shareholders virtually at the company's annual general meeting, Ambani said "Jio promises AI to everyone, everywhere".
Ambani said India needs to be at the forefront of the global AI revolution, which has taken the world by storm this year. Addressing shareholders, Ambani said, "To stay globally competitive, India must harness AI for innovation, growth, and national prosperity."
Jio Platforms
Jio Platforms is the telecommunications and digital services arm of RIL. It's main product is Jio, the cellular and wireless network service. Jio Platforms also offers affordable handsets, IoT devices and smart home gadgets.
With this announcement, Jio Platforms aims to makes its foray into the rapidly expanding generative AI ecosystem with India-specific solutions.
Currently, Jio, one of the three telecom majors in the country, has an overall subscriber base of 450 million, reflecting a year-on-year revenue growth of over 20 percent, Ambani said, adding that per-user data consumption on Jio’s network has also surged, with the average user now consuming over 25 GB every month. This translates to monthly data traffic of 11,000 billion GB, representing a 45 percent year-on-year growth.
Focus on AI
Ambani said RIL is "rapidly augmenting" its talent pool and capabilities to "swiftly assimilate the latest global innovations in AI", especially given the recent advances in generative AI.
"Jio Platforms wants to lead the effort in developing India-specific AI models and AI-powered solutions across domains, thereby delivering the benefit
of AI to Indian citizens, businesses and government alike," he said.
Ambani said India has the scale and data but lacks the necessary digital infrastructure to handle AI's computational demands, a gap Jio Platforms intends to fill. "As this sector expands, we stand committed to creating up to 2000 MW of AI-ready computing capacity, across both Cloud and Edge locations. And we will do this while adopting sustainable practices and a greener future," Ambani said.
Further, Ambani said RIL, over the next five years, will transition its footprint in technological and digital services to green energy, which he said would not just be eco-friendly, but also cost-effective.
First Published: Aug 28, 2023 3:06 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Exclusive | INDIA bloc will ensure stable policy framework, simple GST, end tax terrorism: Jairam Ramesh
May 21, 2024 5:02 PM
Cong leaders 'failed' to protect party's constitution says FM Nirmala Sitharaman in Bihar
May 21, 2024 4:01 PM
Who will succeed Modi? Oppn thinks Amit Shah will, but PM said this
May 21, 2024 2:38 PM
1100 villagers boycott Lok Sabha and Assembly polls in Odisha, here's why
May 21, 2024 10:56 AM