Reliance Industries on Saturday announced that its subsidiary, Reliance Intelligence Ltd, has established a joint venture with US tech giant Meta's subsidiary to market and distribute enterprise AI in India.

A new company, namely Reliance Enterprise Intelligence Limited (REIL), has been formed as a joint venture with Facebook Overseas, Inc., according to an exchange filing.

Mukesh Ambani and Mark Zuckerberg-led companies announce joint venture

The Mukesh Ambani and Mark Zuckerberg-led companies have committed an initial combined investment of around Rs 855 crore in the unit, aimed at "developing, marketing, and distributing enterprise AI services."

What is the partnership between Reliance and Meta?

Reliance Intelligence will own 70 per cent of REIL, while Facebook Overseas, Inc., a un

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