Mukesh Ambani says Reliance Intelligence promises AI to everyone, everywhere

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, informed shareholders that Reliance Intelligence, which was announced last year has entered its execution phase.

"Our objective is to build a profitable AI infrastructure, platform, and services business serving consumers, enterprises, and governments at scale," Ambani said while addressing shareholders at the company’s 49th Annual General Meeting.

As part of the execution phase of AI at scale Reliance Industries has partnered with Google, Meta, and NVIDIA, Ambani said.

"We set out with a clear vision, identified the focus areas, and began building the right partnerships with Google, Meta, and NVIDIA. Now, we are entering the next phase – execution," he said.

Ambani added that Reliance Intelligence is building India’s sovereign AI backbone in Jamnagar.

“This cutting-edge infrastructure will be powered entirely by clean energy from Reliance’s own solar generation from the Kutch renewable platform. The first 120 megawatts will be commissioned by the end of 2026,” Ambani said.

“In addition, we are operationalising an initial fleet of advanced NVIDIA GB300 GPUs. This next-generation compute capacity is equivalent to more than 75,000 H100 GPUs on an AI-inference basis. As the first 120 megawatts becomes fully operational, this capacity can scale to over two lakh H100-equivalent GPUs,” he said.

Reliance Intelligence is building trusted, affordable, and multilingual AI services, designed to be accessible in 22 Indian languages. This sovereign, green, secure compute backbone will power India-first applications such as JioBharatIQ, AI Vyapar, JioHealthIQ, JioLearnIQ, and JioKrishiIQ, said Akash Ambani, managing director of Jio Platforms.

Jio Platforms IPO

In a separate development, Ambani announced a key update on the much-awaited initial public offering (IPO) of Jio Platforms during his address.

Ambani said that the draft red herring prospectus (DRHP) for the IPO has been approved by the board and will be filed with the Securities and Exchange Board of India (SEBI) later today. Isha Ambani and Akash Ambani will be leading the IPO processes.

Isha Ambani and Akash Ambani will be leading the IPO processes.

The proposed IPO of Jio Platforms will comprise a fresh issue of up to 27,00,00,000 (twenty-seven crore) equity shares with a face value of ₹10 each. The issue price will be determined through the book-building process, in accordance with the applicable regulations of the SEBI.