Billionaire Ambani Wants AI in Every Call, App, and Home
Reliance said its AI platform will serve 1.5 billion people and backed a large Jamnagar facility with Google, Meta and NVIDIA partnerships.
- At its 49th Annual General Meeting , Reliance Industries Limited unveiled an AI roadmap positioning India as a global leader, with Chairman and Managing Director Mukesh Ambani emphasizing technologies serving both domestic and global market demands.
- Reliance is developing a sovereign AI backbone in Jamnagar, commissioning 120 Megawatts capacity by the end of 2026 while partnering with Google, Meta, and NVIDIA to accelerate adoption across sectors.
- Embedding AI directly into its telecom network, Jio is launching services including JioBharatIQ for everyday users, JioVyapar for small businesses, and JioKrishi IQ for farmers, according to Akash Ambani.
- Valued at $180 billion by investment bank Jefferies in November, Reliance Jio Platforms is preparing for a landmark stock offering, leveraging a user base exceeding 524 million subscribers.
- Joining the Reliance Jio offering, the National Stock Exchange of India filed draft papers for a listing valued at $3.3 billion, representing one of two mega initial public offerings in India this year.
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Reliance Industries Closing Bell Updates: Share Price Dips 1.40% on AGM Day
Reliance Industries (RELIANCE) share price closed at ₹1,309.50, down 1.40%, as markets digested its 49th AGM announcements, including the Jio IPO filing. Reliance Industries Closing Bell Updates: Share Price Dips 1.40% on AGM Day.
Reliance Jio Board approves DRHP for IPO before SEBI on June 19
Reliance Industries will file for the Initial Public Offering (IPO) of its digital arm Reliance Jio before the Securities and Exchange Board of India (SEBI) on June 19, Chairman Mukesh Ambani announced during the company’s annual general meeting.
Reliance AGM 2026 Highlights: Jio Platforms IPO, satellite broadband, AI initiatives, among key announcements
Reliance AGM 2026 LIVE: Mukesh Ambani will address shareholders at Reliance Industries’ 49th AGM today at 2 PM. Investors will track announcements on Jio IPO, Reliance Retail listing timeline, AI and data centre investments, new energy projects, among others and Reliance share price movement.
Reliance AGM: Will Mukesh Ambani finally reveal the Jio IPO date today?
Mukesh Ambani is set to address shareholders at Reliance's 49th AGM amid intense focus on a possible Jio IPO timeline. The meeting is being watched for progress on earlier commitments, from FY27 targets to new energy and AI plans.
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