Tag: Reliance

Technology

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

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

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 Insti...
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Reliance Jio and BharatGPT: 10 things to know about this AI-linked project

Reliance Jio is collaborating with IIT-Bombay on a new generative AI model called BharatGPT. There, the Department of Computer Science and Engineering is currently carrying out research on the Large Language Model (LLM), artificial intelligence, and GPT solutions to develop India's own BharatGPT tool for all sectors. Know all about Reliance Jio's upcoming plans and what is this artificial intelligence project dubbed BharatGPT. 10 things to know about BharatGPTBharatGPT is a programme in which Reliance Jio and IIT-Bombay will explore the possible solutions that could be derived from the Large Language Model (LLM) and artificial intelligence for various industries.While working on the artificial intelligence project, BharatGPT, the goal of the programme is to develop solutions for busine...
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JioSpaceFiber: India’s first-ever satellite-based gigabit broadband launched by Reliance Jio

A major announcement came from Reliance Jio today, October 27, at the India Mobile Congress, as the company launched India's first-ever satellite-based gigabit broadband service called JioSpaceFiber. According to a press release shared, Reliance Jio is aiming to take a big step in connecting remote regions of India with high-speed internet. The service will be available across the length and breadth of the country, mentioned the press release. The company also said that the prices will be kept highly competitive. The actual prices have not been announced. However, it is expected to be launched soon.Launching the JioSpaceFiber service, Chairman of Reliance Jio Infocomm Akash Ambani said, “Jio has enabled millions of homes and businesses in India to experience broadband internet for the ...
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Disney Said to Near Multibillion-Dollar India Deal With Reliance

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

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 that can ...
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Reliance reportedly testing Paytm-like soundbox for UPI services

Since the emergence of UPI, carrying out financial transactions in India has become quite easy. It was introduced in 2016 by the National Payments Corporation of India as part of Prime Minister Narendra Modi's vision of a digital India. Be it large payments in shopping malls or purchasing groceries from street vendors, just scan a QR code, enter your UPI PIN and your transaction is done, it is that simple! Not just India, but other countries such as Singapore, Malaysia, Nepal, and recently France have started accepting payments through UPI.With such a potential in the financial services sector, reports claim that Reliance is currently testing its own sound box which could become a part of its UPI services. Reliance planning to introduce soundboxReliance has been internally testing a so...
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5G launch in India confirmed! PM Modi to roll out 5G on Oct 1

Prime Minister Modi is to launch the 5G services in India on October 1. Know all details here. The rollout of 5G services in India has been finally confirmed by the government's National Broadband Mission via a tweet. The 5G services will be launched on October 1 at India Mobile Congress in Pragati Maidan by Prime Minister Narendra Modi. “Taking India's digital transformation & connectivity to new heights, Hon'ble PM, @narendramodi, will roll out 5G services in India; at India Mobile Congress; Asia's largest technology exhibition," the tweet by National Broadband Mission, which operates under the Ministry of Communications reads.The launch of 5G services will be introduced during the four-day event starting from October ...
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Mukesh Ambani announces new Giga Factory for Power Electronics- Check details

Reliance managing director Mukesh Ambani has announced a new Giga Factory for Power Electronics at the company's 45th Annual General Meeting. Mukesh Ambani, chairman and managing director of Reliance Industries while speaking at the 45th Annual General Meeting (AGM) of the company on Monday announced a new Giga Factory for Power Electronics. “Today, I would like to announce our new Giga Factory for Power Electronics. One of the key components linking the entire value chain of Green Energy is affordable and reliable power electronics,” he said. “We are building significant capabilities in the design and manufacturing of power electronics and software systems, integrating with our capabilities of Telecommunications, Cloud Com...