Reliance Industries, one of India's largest conglomerates, announced plans to pour $110 billion into artificial intelligence development over the next seven years. The massive investment by billionaire Mukesh Ambani's company represents one of the largest private sector commitments to AI technology globally.
One of India’s most prominent business leaders announced Thursday that his company will commit a staggering $110 billion toward artificial intelligence development over the coming seven years.
Billionaire businessman Mukesh Ambani, who serves as Chairman of Reliance Industries, revealed that his conglomerate along with its telecommunications subsidiary Jio will dedicate 10 trillion rupees to AI initiatives through 2031.
The massive financial commitment represents one of the largest private sector investments in artificial intelligence technology announced by any company worldwide.
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