Mukesh Ambani Aims for Reliance to Become an AI Facilitator in India and Rank Among the World’s Top 10 Conglomerates

During a recent address to Reliance Industries employees, Chairman and MD Mukesh Ambani emphasized the importance of expediting the implementation of artificial intelligence (AI) across all sectors of the company. Ambani expressed his desire to surpass competitors by deploying advanced technologies and outlined his aspirations for the future during this year-end event, which coincided with the 91st birth anniversary of Reliance’s late founder, Dhirubhai Ambani.

“We need to be at the forefront of data usage, and AI will enable quantum leaps in productivity and efficiency,” Ambani said. This will help the company be at the forefront of addressing “India’s pressing national priorities in education, healthcare, agriculture and employment generation,” Ambani said.

“Reliance can and Reliance will grow into one of the top 10 conglomerates in the world,” Ambani said, indicating his ambitions for the company and where he wanted to see it.

Reliance Jio Infocomm Ltd. is working with the Indian Institute of Technology in Bombay to launch BharatGPT, a major language model tailored to the needs of Indian users, Akash Ambani, the tycoon’s eldest son, said at an event this week. Akash, who heads the group’s telecom and digital businesses, also said Reliance plans to integrate AI across businesses.

Reliance is turning into a digital conglomerate by moving into digital commerce. It now sells everything from electronics to clothes in its online and offline stores.

Mukesh urged employees to bring AI-led transformation to the company’s key growth engines, including digital services, retail, oil and chemical, and health and life sciences by 2024.

The sector is also attracting Asia’s second-richest man, Gautam Adani, whose flagship company on Thursday announced a joint venture with the United Arab Emirates’ International Holding Co to explore artificial intelligence, the Internet of Things and blockchain technology for industrial applications. Adani Group is increasingly looking to diversify into digital services, just like Reliance.

Founded in 1957 by Mukesh’s father Dhirubhai Ambani, Reliance today operates in telecom, digital services, retail, oil and gas and new energy with a market capitalization of more than $200 billion.

To support its AI ambitions, Reliance in September signed a deal with US chip company Nvidia to develop cloud infrastructure and language models and generative applications, Reuters reported.

(With credits to Bloomberg, Reuters and PTI)