Highlights from Reliance’s Annual Shareholder Meeting
India’s most valuable company Reliance Industries Ltd recently conducted its 47th Annual General Meeting. In his address to Shareholders, Chairman Mukesh Ambani outline the ambition for turning RIL into a deeptech company, with focus on exponential use of artificial intelligence both within the organisation and in the products and services offered to customers. Some of the announcement were JioBrain, to drive AI adoption across Reliance’s operations, Giga-watt scale, AI-ready data centre at Gujarat’s Jamnagar along with AI inference facilities, Partnering with tech companies to reduce AI inferencing, JioInstitute to develop AI programme for upskilling, JioHome app, a unified platform to manage IoT devices in users’ homes, JioTV+, a platform offering 860 live TV channels,OTT apps, and on-demand content, JioPhoneCall AI, a generative AI feature to transcribe, summarise, and translate phone calls among other important things.
The company is embedding advanced technologies across its businesses, developing in-house innovations, and building an AI-native digital infrastructure. RIL’s R&D expenditure exceeded Rs. 3,643 crore in FY24, with over Rs. 11,000 crore spent in the last four years. It has more than 1,000 scientists working on critical projects, leading to over 2,555 patents filed, including in 5G, AI, and green energy.
