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RIL, Meta To Jointly Invest INR 855 Cr In AI Joint Venture


SUMMARY

Reliance Intelligence Limited has announced the incorporation of a new entity, Reliance Enterprise Intelligence Limited (REIL)

Reliance Intelligence will hold 70% stake in REIL while Facebook will hold the balance 30%

REIL will focus on developing, marketing and distributing enterprise AI services in India and globally, as per the company’s exchange filing today

About two months after announcing a new joint venture (JV) with Meta, Reliance Industries’ (RIL’s)…



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