Mukesh Ambani – pressnews

5 things about AI you may have missed today: Reliance backs AI model, AI to predict land suitability, more

21Feb

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5 things about AI you may have missed today: Reliance backs AI model, AI to predict land suitability, more

[ad_1] AI roundup: In today's AI news, one of the top engineering institutes in India and BharatGPT are set to launch ChatGPT-style service “Hanooman” which is backed by Mukesh Ambani's Reliance Industries Ltd. In other news, scientists took advantage of AI to predict how agricultural land suitability may change by 2050. Know more about what happened in the world of AI today, February 21, 2024.Reliance to support the development of ChatGPT-style service “Hanooman”BharatGPT along with eight affiliated universities showcased a teaser for their ChatGPT-like large language model, Hanooman. The initiative is also being supported by Reliance Industries Ltd. as it focuses on India's ambition to join the AI race. The name of the AI model is inspired by the Hindu god “Hanuman”. The AI model is p...

Reliance Industries-Brookfield to open data centre in Chennai next week: Mukesh Ambani

8Jan

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Reliance Industries-Brookfield to open data centre in Chennai next week: Mukesh Ambani

[ad_1] Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market.Reliance had in July last year invested about ₹378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners. The three own 33 per cent each in the venture. Speaking at the Tamil Nadu Global Investors Meet here, Ambani, chairman and managing director of Reliance Industries Ltd, said his group is investing in renewable energy and green hydrogen as well as in setting up a data centre in the state. "Reliance has partnered with Canada's Brookfield asset management and US-based Digital Reality...

Mukesh Ambani Wants Reliance To Emerge as AI Enabler in India, Be Among World’s Top 10 Conglomerates

28Dec

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Mukesh Ambani Wants Reliance To Emerge as AI Enabler in India, Be Among World’s Top 10 Conglomerates

[ad_1] Reliance Industries Chairman and MD, Mukesh Ambani has urged the employees of his company to accelerate artificial intelligence (AI) transformation across all businesses in 2024 to stay ahead of rivals in deploying advanced technologies. “We need to be at forefront of using data, with AI as an enabler for achieving a quantum jump in productivity and efficiency,” Ambani said. This will help the company to be at the forefront of solving “India's urgent national priorities in education, healthcare, agriculture and employment generation,” Ambani said. "Reliance can and Reliance will grow to be among the top 10 business conglomerates of the world," Ambani said, indicating his ambitions for the company and where he wanted to see it. Reliance Jio Infocomm Ltd. is working with the Indian...

Disney Said to Near Multibillion-Dollar India Deal With Reliance

24Oct

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Disney Said to Near Multibillion-Dollar India Deal With Reliance

[ad_1] Reliance Industries Ltd., controlled by Asia's richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney Co.'s India operations, according to people familiar with the matter. The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion, as opposed to piecemeal transactions weighed earlier, the people said, asking not to be named because the discussions are private. Reliance views the assets at between $7 billion to $8 billion, some of the people said. The acquisition could be announced as early as next month with some of Reliance's media units merged into Disney Star, the people said, without providing further details. Under the proposal, Disney will likely continue to hold on to a minority st...

“Jio promises Artificial Intelligence to everyone, everywhere”: Mukesh Ambani at AGM

29Aug

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“Jio promises Artificial Intelligence to everyone, everywhere”: Mukesh Ambani at AGM

[ad_1] Mukesh Ambani, Chairman and Managing Director of Reliance Industries said on Monday that Jio Platforms wants to lead the effort in developing India-specific Artificial Intelligence models and solutions across domains, aimed at delivering the benefit of the new-age technology to Indian citizens, businesses and government."Seven years ago, Jio promised broadband connectivity to everyone, everywhere. We have delivered. Today Jio promises AI to everyone, everywhere. And we shall deliver," Mukesh Ambani said at Reliance Industries' 46th Annual General Meeting. “India has the scale. India has the data. India has the talent. But we also need digital infrastructure in India that can handle AI's immense computational demands,” he said. “But we also need digital infrastructure in India tha...

5 things about AI you may have missed today: ChatGPT flouts rules, Jio vows AI for everyone and more

28Aug

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5 things about AI you may have missed today: ChatGPT flouts rules, Jio vows AI for everyone and more

[ad_1] Jio unveils plans for custom AI models for public and businesses; OpenAI's ChatGPT flouts political usage ban, raises concerns of misuse; Sensually designed AI chatbots pose complex challenges for fan communities; SpeechGen.io revolutionises AI text-to-speech with support for 150 languages - this and more in our daily roundup. Let us take a look.1. Jio unveils plans for custom AI modelsReliance Industries Limited (RIL) Chairman Mukesh Ambani has revealed plans to develop India-specific AI models and solutions across various sectors. At the 46th RIL AGM, Ambani emphasised the potential benefits of Jio's AI solutions for Indian citizens, businesses, and the government. Jio Platforms will enhance its talent pool to create tailored AI products for India, marking a new commitment to d...

Reliance AGM 2023: Jio 5G plans set to launch in December

28Aug

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Reliance AGM 2023: Jio 5G plans set to launch in December

[ad_1] At the 46th Reliance AGM event, Chairman Mukesh Ambani revealed exciting updates regarding Jio's 5G services, hinting at their impending availability to consumers by December. Additionally, Jio AirFiber, a wireless internet service, is primed for launch on September 19. Here are the key highlights.Reliance Jio commenced its 5G network rollout in October of the previous year, pledging nationwide coverage by December 2023. Ambani proudly stated that Jio has already covered 96 percent of census towns with 5G and remains on track to achieve full coverage by year-end. Although no official announcement about the release of Jio 5G prepaid or postpaid plans was made, Ambani's words strongly suggested a December rollout. December Debut for Jio 5G PlansAmbani stated, "From December of this...

Jio 5G expansion set to blanket India by December: Mukesh Ambani

28Aug

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Jio 5G expansion set to blanket India by December: Mukesh Ambani

[ad_1] Jio's rapid deployment of 5G services stands as an unprecedented achievement globally, says RIL chief Mukesh Ambani. The company's ambitious target to blanket the entire country with its high-speed 5G network by the close of this year remains "right on schedule," announced Chairman on Monday.450 Million Subscribers and Soaring Data ConsumptionDuring the 46th Annual General Meeting (AGM), Ambani revealed that the inauguration of JioAirFiber is set for September 19, coinciding with Ganesh Chaturthi. The remarkable growth of Jio's customer base has reached a staggering 450 million. The current reach of its 5G network extends to 96 percent of all towns, and the company is steadfast in its commitment to achieve nationwide coverage by December. Ambani stated, "The collective count of J...

Amazon, Google Wooed by India for $750 Million Cricket Rights, Sources Say

3Aug

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Amazon, Google Wooed by India for $750 Million Cricket Rights, Sources Say

[ad_1] India's cricket governing body is trying to lure global giants Amazon.com Inc. and Alphabet Inc. to bid in a media rights auction of its team's games amid waning interest from firms who had recently competed fiercely for the wildly successful Indian Premier League.The proposed starting date of the auction process for the media rights of the so-called bilateral series, played by the Indian team against other countries, for the next five years got postponed by at least two weeks as the Board of Control for Cricket in India reaches out to more firms to drum up interest in the property, according to people familiar with the matter. The lukewarm response by media firms ahead of the auction highlights the struggle to make money amid weak advertising revenues, with the shorter-format IP...

Can India build a ChatGPT-like LLM? Anand Mahindra meets Sam Altman, says OpenAI CEO was misunderstood

24Jun

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Can India build a ChatGPT-like LLM? Anand Mahindra meets Sam Altman, says OpenAI CEO was misunderstood

[ad_1] Earlier this month, the OpenAI founder and CEO Sam Altman visited India to discuss artificial intelligence and spread awareness about both its potential and its dangers. During this period, he attended an event with prominent startup founders and business heads. A rather controversial moment also occurred in this event when answering a question on India's chances of building a ChatGPT-like large language model (LLM), Altman said it's “completely hopeless”. Now, yesterday, Mahindra Group chairman Anand Mahindra met the ChatGPT creator at the state dinner hosted by US President Joe Biden and discussed the latter's views on India's capability in tech innovation.Anand Mahindra meets Sam Altman at the state dinnerThe state dinner, which is also being called the ‘India-US Hi-Tech Hands...