Oil-to-retail conglomerate Reliance Industries has formed a joint venture (JV) with Facebook parent Meta Inc to develop artificial‑intelligence (AI) solutions for enterprises in India and select international markets, chairman Mukesh Ambani announced during the Annual General Meeting on August 29.
As part of the JV agreement, RIL and Meta have jointly committed to an initial investment of Rs 855 crore ($100 million) to fund the venture, with RIL contributing 70 percent and Meta bringing in the rest of the 30 percent.
The joint venture will develop Llama-based agentic enterprise AI platforms and tools as, well as ready-to-deploy vertical and sector‑specific solutions for Indian enterprises.
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The JV will also offer a full‑stack environment for organisations to customise, deploy and govern generative‑AI models for specific use cases across sales and marketing, information technology development and operations, customer service, finance, and a wide range of other enterprise workflows.
“Partnering with Meta brings our vision of providing AI to every Indian and enterprise to life - by combining Meta’s most widely adopted open‑source Llama models with our deep expertise across multiple industries," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries in a statement.
"We will democratise enterprise‑grade AI for every Indian organization - from ambitious SMBs to blue‑chip corporates, enabling them to innovate faster, operate more efficiently, and compete confidently on the global stage. RIL will also serve as a real‑world enterprise‑scale environment for deploying and refining the joint venture’s offerings - enabling rapid iteration and continuous improvement at scale” Ambani said at the AGM.
The joint venture will also aim to scale up high-performance models at a fraction of the current costs, due to Llama’s lower total cost of ownership. It will also have offer flexibility to deploy across the cloud, on-premises, and its own infrastructure, enabling proactive management of infrastructure costs.
"With Llama, we have seen how AI can amplify human potential, boosting productivity, inspiring creativity, and accelerating innovation. And now, with Reliance's reach and scale, we can bring this to every corner of India," Mark Zuckerberg, co-founder of Meta Platforms said in a video message broadcast during Reliance Industries' 48th annual general meeting.
Read More: Reliance Industries, Google Cloud partner to build AI-dedicated cloud region in Jamnagar
"With this partnership, we are beginning to build our vision for the future where every entrepreneur, creator, and company has the tools they need to succeed. I believe that this venture will become a model for how AI – and one day superintelligence – can be delivered to everyone," Zuckerberg said.
Reliance Industries also announced a 'deeper, holistic partnership' with tech giant Google, to support AI adoption across its businesses from energy and retail to telecom and financial services. Read More
These partnerships come as Reliance Industries unveils Reliance Intelligence, a new wholly owned unit to drive artificial intelligence in India, pursuing Mukesh Ambani’s ambition to make the conglomerate a “deep-tech enterprise” alongside its telecom, retail and energy businesses.
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