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Billionaire Mukesh Ambani‘s Reliance Industries Ltd may spend about $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…
