Paytm's AGM Opens with Poetry, CEO Urges Perseverance, Focus on AI-First Products

Paytm's AGM opened with a poem urging perseverance, and founder Vijay Shekhar Sharma linked it to the company's past year and future plans. Sharma emphasized Paytm's duty to support India's development by empowering small businesses and highlighted the potential of AI. He thanked employees for perseverance and expressed gratitude to the RBI for granting a Payment Aggregator license. Sharma predicted AI will define Paytm's next chapter and encouraged shareholders to stay charged.

Mukesh Ambani, the chairman of Reliance Industries, recently announced the launch of Reliance Intelligence, a wholly-owned subsidiary aimed at boosting India's artificial intelligence (AI) capabilities and establishing the country as a global hub for AI innovation. The initiative, unveiled during Reliance Industries' AGM, outlines a comprehensive strategy to position India at the forefront of global AI development.

Reliance Intelligence has four clear missions:
1. Next-generation AI infrastructure: The subsidiary will build gigawatt-scale, AI-ready data centers powered by green energy in Jamnagar. These facilities will be custom-engineered for AI training and inference at a national scale.
2. Global partnerships: Reliance Intelligence will collaborate with world-leading technology firms and open-source communities to deliver performance leadership, resilient supply, and India-first compliance for AI.
3. AI services for India: The subsidiary will provide trusted, easy-to-use AI solutions for consumers, small businesses, and enterprises, with applications in critical sectors such as education, healthcare, and agriculture.
4. Talent incubation: Reliance Intelligence will serve as a home for world-class researchers, engineers, and product builders, combining research speed with engineering rigor to create practical AI solutions.

A strategic partnership with Google will establish a Jamnagar Cloud region dedicated to Reliance, delivering world-class AI powered by clean energy and connected via Jio's advanced network. Additionally, Reliance and Meta announced a joint venture to develop Llama-based agentic enterprise AI platforms, offering ready-to-deploy vertical and sector-specific AI solutions for Indian businesses.

Reliance Intelligence will also focus on human-centric robotics and intelligent automation, aiming to transform various industries and create new job opportunities for India's youth. Ambani drew parallels to Reliance's digital services revolution a decade ago, predicting that Reliance Intelligence will deliver AI to every Indian.

The initiative is part of Reliance's decade-long vision for digital and AI growth, combining green technology, India-first governance, and global collaboration to drive AI adoption across industries. Ambani expressed confidence and ambition in the venture's future, promising updates on progress in the years to come.

References:
[1] https://economictimes.indiatimes.com/industry/cons-products/electronics/reliance-agm-2025-mukesh-ambani-unveils-new-subsidiary-reliance-intelligence-to-drive-ai-ambitions/articleshow/123581637.cms