Tech
Reliance, Meta launch enterprise AI JV with Rs 855 crore investment: Here’s all you need to know
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Reliance Industries Limited (RIL) and Meta Platforms (formerly Facebook) are coming together to create a new company focussed on artificial intelligence (AI) for businesses. The new entity, named Reliance Enterprise Intelligence Limited (REIL), will concentrate on developing and selling “enterprise AI services.”
What’s the news?
This partnership involves an initial joint commitment of approximately Rs 855 crore.
This is a strategic collaboration between the two global conglomerates, aiming to position themselves ahead in the market for AI-based business…
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