Eight years ago, Reliance shook up the telecom market with rock-bottom data prices a fourth of the global average and free voice calls on its 4G network. That made India one of the world's largest data markets.
Now the Mukesh Ambani-led conglomerate is getting ready to trigger another disruption by "democratising" the benefits of the hottest new technological gamechanger: Artificial intelligence (AI).
At Reliance Industries' 47th annual general meeting last week, Chairman Ambani spent a sizeable portion of his speech on AI and deep tech such as JioBrain, an AI service platform meant to scale up operations across the conglomerate's various businesses. Meanwhile, Jio, its telecom unit, is working to bring AIpowered features for its users.
Ambani laid out the AI roadmap for the group with the primary aim of ensuring that AI is available to "every Indian everywhere," from mobile consumers to small-scale enterprises, once again at affordable prices.
To do so, the company is taking a route different from that taken by global mobile device hardware companies, which are focusing on keeping mostly AI processing within the device. Reliance, on the other hand, is building a delivery model where AI services and processing will be hosted on the cloud over low latency broadband networks. That will help in taking these services, now limited to a few high-end smartphones priced above ₹60,000, to more affordable 4G and 5G phones, some of which may even be priced below ₹10,000.
Currently, among the few phones powered by AI, there is Samsung's Ultra S24 AI, on which AI processing is done mostly in the device by the chip without any need of the internet. There is also the new Google Pixel 9. There is a buzz that Apple Inc's forthcoming iPhone 16, to be released on September 9, will take the iPhone into AI territory.
Diwali cracker
Diese Geschichte stammt aus der September 03, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der September 03, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
The Maverick Who Founded HBO
Charles Dolan, the pay-television pioneer who won the first cable-TV franchise in Manhattan, founded Home Box Office Inc. and later built Cablevision Systems Corp into the fifth-largest US cable company, has died. He was 98.
Antarctica, North Pole: India's elderly take to extreme travels
Travel among India's senior citizens has evolved over the years with tour agencies observing a rise in demand, especially post-pandemic for adventure and non-traditional international destinations.
Auction of 11 critical mineral blocks called off
The central government has annulled the auction of over half of the 21 critical mineral blocks offered in the fourth round of bidding, citing a poor response, according to a notification from the Ministry of Mines on the MSTC e-commerce portal.
Navi Mumbai Airport Set To Begin Commercial Ops In May 2025: AAHL
International operations to start by July next year; project expected to cost around ₹18,000 crore
Manmohan Singh's economic reforms of the 1990s
The acclaimed \"architect of India's economic reforms\" has gone, mourned by people across political parties and professions, not just economists, civil servants, and journalists.
First Mover Mantra
Why EV leader Tata Motors is thirsting for more competition despite losing market share
Build debt fund portfolio diversified across duration
Take limited exposure to longer-duration funds in coming year
Rely on rolling returns, not point-to-point data
\"Financial planning experts often argue that equity markets outperform fixed deposits over the long term. However, I can demonstrate that a 10-year investment in fixed deposits has delivered higher returns than equity markets,\" declared my friend Mitesh.
Markets Will Likely Take Cue From the Budget
The 2024-25 (FY25) October-December (Q3) quarter earnings are expected to mirror those of the second quarter (Q2), with key sectors grappling with a demand slowdown. The government's approach to the economic downturn and its priorities will become evident in the upcoming Budget, says JIMEET MODI, founder and chief executive officer of Samco Group. In an interview with Sundar Sethuraman, Modi suggests domestic markets will likely stay volatile in calendar year (CY) 2025, influenced by developments in the US markets, inflation concerns, recession risks, and interest rate decisions. Edited excerpts:
Gold, silver ETFs: Alchemists spinning wealth in 2024
Where investors find philosopher's stone, with ₹19,000 crore inflow in first 11 months of 2024