EU Approves Joint Venture Between Reliance and Meta for ₹855 cr AI Solutions

The European Union has cleared the proposed joint venture between Reliance Industries and Meta Platforms, which will invest ₹855 crore to build enterprise-focused AI solutions. The JV will use Meta's open-source Llama models and Reliance's enterprise reach to offer AI tools across sectors. The partnership will focus on enterprise AI platform-as-a-service and pre-configured solutions tailored for industries such as sales, marketing, IT operations, customer service, and finance.

The European Union has approved a joint venture between Reliance Industries and Meta Platforms, marking a significant step forward in the development of enterprise-focused artificial intelligence solutions. The venture, which will invest ₹855 crore (US$100 million), aims to leverage Meta's Llama models and Reliance's extensive enterprise reach to offer AI tools across various sectors EU clears Mukesh Ambani-led Reliance's ₹855 cr-JV with Zuckerberg's Meta^[1].

The joint venture, announced during Reliance Industries Limited's (RIL) Annual General Meeting (AGM), will focus on two key offerings: an enterprise AI platform-as-a-service and a suite of pre-configured solutions tailored for industries such as sales, marketing, IT operations, customer service, and finance. Meta will contribute its technical expertise in building Llama-based models, while Reliance will utilize its digital infrastructure and access to thousands of Indian enterprises and small businesses EU clears Mukesh Ambani-led Reliance's ₹855 cr-JV with Zuckerberg's Meta^[1].

The solutions will be designed for deployment across cloud, on-premises, and hybrid infrastructures, with a focus on lowering the total cost of ownership. This strategic partnership is expected to enhance the efficiency and effectiveness of businesses by providing them with customized and pre-configured AI tools.