Mukesh Ambani and Meta join hands for AI services venture, initial investment Rs 855 crore
Meta Platforms, Inc’s Facebook Overseas will hold 30 per cent interest in the AI venture floated by billionaire Mukesh Ambani’s Reliance Industries, according to a regulatory filing.
Reliance will hold 70 per cent in Reliance Enterprise Intelligence Ltd, the company said in the filing.
Reliance Intelligence, a wholly-owned subsidiary of Reliance Industries Ltd, and Facebook will jointly invest an initial Rs 855 crore in the venture.
