Reliance investments in AI infra may top USD 12-15 bn: Report

NEW DELHI: (Oct 26) Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about USD 12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report.

Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships.

A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives that will be centered around four pillars -- Infrastructure (building gigawatt-scale, AI-ready data centers), Partnerships (collaborating with global tech leaders to bring cutting-edge AI solutions to India), Services (developing AI-powered services tailored for Indian consumers, small businesses, and enterprises in sectors like education, healthcare, and agriculture) and Talent (investing in upskilling and nurturing India's AI workforce).