Reliance Industries Announces Formation of New AI Joint Venture with Meta Platforms, Inc

Reuters

08/29

Reliance Industries Announces Formation of New AI Joint Venture with Meta Platforms, Inc

Reliance Industries Ltd. has announced the incorporation of a wholly owned subsidiary, Reliance Intelligence Limited, and a joint venture agreement with Meta Platforms, Inc. The newly formed subsidiary will focus on ventures related to artificial intelligence. As part of the joint venture agreement, a new company will be created, with Reliance Industries holding a 70% stake through the subsidiary, while Meta will hold the remaining 30%. Both parties have committed an initial investment of approximately Rs. 855 crore (around US$ 100 million). The joint venture is expected to focus on developing, marketing, and distributing Enterprise AI Services. The transaction is anticipated to close in the fourth quarter of 2025, pending regulatory approvals. The announcement was made by the Chairman of Reliance Industries during the Annual General Meeting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CI1.AU","symbol_name":"CREDIT INTELLIGENCE LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250829:nNDL7L2PB3:1","article_id":"2563049791","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563049791","pubTimestamp":1756462906,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Reliance Industries Ltd. has announced the incorporation of a wholly owned subsidiary, Reliance Intelligence Limited, and a joint venture agreement with Meta Platforms, Inc. The newly formed subsidiary will focus on ventures related to artificial intelligence. As part of the joint venture agreement, a new company will be created, with Reliance Industries holding a 70% stake through the subsidiary, while Meta will hold the remaining 30%. Both parties have committed an initial investment of approximately Rs. 855 crore . The joint venture is expected to focus on developing, marketing, and distributing Enterprise AI Services. The transaction is anticipated to close in the fourth quarter of 2025, pending regulatory approvals. The announcement was made by the Chairman of Reliance Industries during the Annual General Meeting.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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