Fear not, AI is a once-in-centuries opportunity, says Mukesh Ambani

Reliance Industries Ltd chairman Mukesh Ambani sought to assuage fears over artificial intelligence on Wednesday, even as the debut of new artificial intelligence (AI) tools rattled technology investors worldwide. From an Indian perspective, AI is immensely advantageous, Ambani said, drawing parallels to the dawn of the Industrial Revolution that supercharged global growth.

The tycoon’s comments, made at a forum with BlackRock chairman and chief executive officer (CEO) Larry Fink, came on a day the Nifty IT index plummeted nearly 6% as the launch of Anthropic’s Claude Cowork plugins sparked fears that AI agents will soon replace the human-driven, billable-hour business models behind India’s tech giants.