hometechnology NewsReliance AGM | Jio promises AI to everyone, everywhere, says Chairman Mukesh Ambani

Reliance AGM | Jio promises AI to everyone, everywhere, says Chairman Mukesh Ambani

Mukesh Ambani, Chairman of Reliance Industries Limited, announced that Jio Platforms will focus on India-specific AI models and solutions across various sectors. Ambani emphasised the need for India to lead in the global AI revolution and highlighted the importance of utilising AI for innovation and growth.

Profile image

By CNBCTV18.com Aug 28, 2023 5:14:50 PM IST (Updated)

Listen to the Article(6 Minutes)
2 Min Read
Reliance AGM | Jio promises AI to everyone, everywhere, says Chairman Mukesh Ambani
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.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change