BENGALURU (Reuters) -Reliance Industries plans to step up AI adoption at its group companies, Chairman Mukesh Ambani said at a shareholder meeting on Thursday.
The company will also consider issuing bonus shares to its existing shareholders at a 1:1 ratio, the conglomerate’s first since 2017, it announced.
Reliance will launch ‘Jio Brain’, a suite of AI tools and platforms, and also set up gigawatt scale AI-ready data centres in Jamnagar in the western state of Gujarat to support its AI goals, Ambani said.
“Our goal is to create the world’s lowest AI inferencing cost, right here in India. This will make AI applications in India more affordable than anywhere else,” Ambani said.
($1 = 83.8800 Indian rupees)
(Reporting by Indranil Sarkar and Varun Hebbalalu in Bengaluru; editing by Jason Neely and David Goodman)
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