Reliance Intelligence will own 70 per cent and Facebook 30 per cent in the new AI venture, with both firms together investing about ₹855 crore to develop and expand enterprise AI services in India

Reliance Industries Limited (RIL) has announced the incorporation of a new joint venture company, Reliance Enterprise Intelligence Limited (REIL), in partnership with Facebook Overseas Inc., a wholly-owned subsidiary of Meta Platforms, Inc., to develop, market, and distribute enterprise artificial intelligence (AI) services in India.....

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Via business-standard.com