Reliance’s $110 bn AI investments seen back-loaded over 7 yrs
New Delhi: Reliance Industries Ltd (RIL) has pivoted its business model roughly every decade during its nearly 48-year listed history. Its plan to invest $110 billion over seven years in artificial intelligence (AI), related energy supply and the digital ecosystem marks its next major capital allocation shift, analysts said.
The proposed AI investment is comparable in scale to the company’s telecom and consumer investments between 2014 and 2021, brokerage Morgan Stanley said in a report.
