The chairman of Reliance Industries Mukesh Ambani revealed that the company plans to make a substantial financial investment in artificial intelligence technology. According to him Jio and Reliance Industries will dedicate ₹10 lakh crore to the artificial intelligence industry during the upcoming seven years.The India AI Impact Summit in Delhi served as the platform for his announcement.
Focus on Long-Term AI Development
- The artificial intelligence technology will determine future advancements according to Mukesh Ambani. He described the upcoming AI transformation as a similar phenomenon to the Jio mobile data revolution which transformed Indian telecommunications. He predicted that artificial intelligence will reach its most advanced development stage in upcoming years.
- He demonstrated that artificial intelligence technologies have the ability to drive economic development and enhance productivity performance throughout various industries.
- People require assistance to understand what AI development needs to achieve according to Ambani. He asked whether AI will concentrate power among a few companies or create opportunities for all people.
- Reliance and Jio have created a plan which will enable people to access artificial intelligence advantages according to him. The company plans to build infrastructure and platforms that support inclusive development.
Commitment to Inclusive Growth
- Ambani showed that the planned investment of ₹10 lakh crore represents a non-speculative financial commitment. The company made this financial dedication because it aims to construct national progress for India.
- The funding will establish AI research facilities and educational programs and technological infrastructure development to create a complete ecosystem in India. Through this project the company plans to establish India as a dominant force in the worldwide artificial intelligence market.
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