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From Jio Brain to Jio Phonecall AI, Mukesh Ambani unveils RIL’s exciting future
- IBJ Bureau
- Aug 30, 2024
Reliance Industries (RIL) Chairman Mukesh Ambani outlined ambitious plans for his widely-diversified business conglomerate, touching upon retail, telecom, energy, artificial intelligence (AI) and many other segments. Mr Ambani added that RIL would consider a 1:1 bonus share at its board meeting on September 5.
Addressing the 47th AGM of RIL in Mumbai on Thursday, Mr Ambani shared his vision to make AI accessible for “everyone, everywhere” in India. He revealed RIL’s ambitious plan to build Jio Brain, a “truly national” AI infrastructure to offer powerful generative AI models at affordable prices.
Mr Ambani added that the conglomerate would build the world’s largest bio-energy, deep-tech energy centre in Jamnagar, which, he termed, would be the “energy capital of the world.” Mr Ambani said: “We have begun construction of an integrated advanced chemistry-based battery manufacturing facility with a 30-gwh annual capacity in Jamnagar. Production at the facility will commence by the second half of next year.”
Speaking on the occasion, Reliance Jio Infocomm Chairman Akash Ambani unveiled Jio Phonecall AI, which will integrate phone calls with AI. “Jio Phonecall AI can record and store any call in Jio Cloud and automatically transcribe it. It can also summarise the call and even translate it into another language,” he added.
Isha Ambani, a board member of Reliance Retail Ventures, shared the retail company’s plans to enter the luxury jewellery market. “We have ambitious plans to enter the luxury jewellery segment with a curated, design-led experience and are exploring the fashion jewellery and accessories segment to broaden our market reach,” she added.
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