Forget chatbots, Ambani’s Reliance wants to own India’s entire AI economy

The most important announcement at Reliance Industries’ 49th AGM was not a new chatbot, a large language model or even the unveiling of a flashy consumer AI product. It was a single statement by RIL Chairman Mukesh Ambani that may ultimately define Reliance’s entire AI strategy.

“Reliance Intelligence is designed to disrupt the economics of artificial intelligence by making it highly affordable and widely accessible in India,” Ambani said. He went on to say that the initiative aims to democratise AI adoption by lowering costs and ensuring that advanced AI capabilities are available to consumers, enterprises and developers across the country.