Ambani’s Reliance Industries has announced a new AI leap by joining hands with Zuckerberg’s Meta. During their 48th Annual General Meet held this Friday, Ambani announced the most significant partnership. What’s this new Reliance-Meta partnership all about? Here is all you need to know.
Reliance-Meta Partnership: What’s the Partnership All About?
Image Credits: Marca Money
During the AIG, both giants announced that they would work together to develop a dedicated venture focused on building and scaling enterprise AI solutions, which will not only be used for Indian markets but also be outsourced for international markets.
Reliance has agreed to commit an initial investment of around $100 million, roughly 855 crores in INR. The investment commitment will be made between 70% and 30%.
Revealing more details, this new agreement with both giants is said to develop new AI solutions with the help of Meta’s multi-billion-dollar AI project, Llama models.
With such integration, it’s been said that the giants will be working towards customizing, developing, and deploying generative AI models and integrating them across Reliance’s different lines of business.
Alongside Meta’s AI stack, the JV will use RIL’s digital infrastructure to deliver “enterprise-grade AI at affordable price points for Indian enterprises and SMBs.” The unique selling point (USP) of the products will be high performance at a low cost of ownership. The solutions will also offer enterprises the flexibility of deployment over the cloud, on-premises, and across their infrastructure.
As part of bringing a new AI revolution to India, Reliance has also announced its partnership with Google to get a new cloud center in India.
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