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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 [1].
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