Reliance Industries and Meta have formed a Rs 855 crore joint venture, Reliance Enterprise Intelligence Limited, to market and distribute enterprise AI services in India. The partnership offers cloud and hybrid AI solutions for industries including IT, finance, sales, and marketing

Mumbai: 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. The Mukesh Ambani and Mark Zuckerberg-led companies have committed an initial combined investment of around Rs 855 crore in the u

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