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EU clears Mukesh Ambani-led Reliance’s ₹855 cr-JV with Zuckerberg’s Meta


The European Union has cleared the proposed joint venture between Reliance Industries Limited (RIL) and Meta Platforms to construct enterprise-focused artificial intelligence solutions, ET Now reported Friday.

The three way partnership, introduced final month at RIL’s Annual Basic Meet (AGM), will make investments about ₹855 crore (US$100 million), with Reliance holding a 70% stake and Meta 30%. The entity will use Meta’s open-source Llama fashions and Reliance’s enterprise attain to supply AI instruments throughout sectors.

The partnership will deal with two key choices: an enterprise AI platform-as-a-service for organisations to customize and deploy generative AI fashions, and a set of pre-configured options tailor-made for industries similar to gross sales, advertising, IT operations, customer support, and finance.

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Meta will contribute its technical experience in constructing Llama-based fashions, whereas Reliance will leverage its digital infrastructure and entry to 1000’s of Indian enterprises and small companies, RIL had stated in a launch. The options will likely be designed for deployment throughout cloud, on-premises, and hybrid infrastructures, with a deal with reducing the whole price of possession.