RELIANCE RISES ON ARTIFICIAL INTELLIGENCE
Business Standard|September 03, 2024
Can RIL do a Jio in Al services?
SURAJEET DAS GUPTA
RELIANCE RISES ON ARTIFICIAL INTELLIGENCE

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

Esta historia es de la edición September 03, 2024 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición September 03, 2024 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS STANDARDVer todo
IT stocks suffer biggest one-day fall in six weeks
Business Standard

IT stocks suffer biggest one-day fall in six weeks

Accenture promotion delay, past Fed rate cuts cited

time-read
2 minutos  |
September 19, 2024
Business Standard

Cabinet clears 'One Nation, One Poll' and host of proposals in farm to space

Soon after completing 100 days in office, the National Democratic Alliance (NDA) government has taken a series of decisions that would have political and economic implications for the country.

time-read
3 minutos  |
September 19, 2024
Tata Power to scale up internal RE component supply chain
Business Standard

Tata Power to scale up internal RE component supply chain

Plans to manufacture key parts rather than buying them

time-read
1 min  |
September 19, 2024
Business Standard

IT staffers' FY25 salary hikes may be 5.5-8%

Experts say top performers may continue to see increases ranging from 12-18%

time-read
2 minutos  |
September 19, 2024
Business Standard

RInfra pares debt by 87% to ₹475 cr

Anil Ambani group firm Reliance Infrastructure (RInfra) and its subsidiary Reliance Power (RPower) have cleared a major part of their debt, with RInfra reducing its standalone external borrowing by almost 87.6 per cent to ₹475 crore, down from ₹3,831 crore as on June, according to stock exchange notices.

time-read
1 min  |
September 19, 2024
'No plans to phase out Kwid until rules allow'
Business Standard

'No plans to phase out Kwid until rules allow'

Renault India, which saw a 33 per cent decline in sales in 2023, is facing a challenging 2024. The company's Managing Director and Chief Executive Officer VENKATRAM MAMILLAPALLE, discusses the firm's revival plans, launch strategy, and the future of the Kwid in an interaction with Shine Jacob in Chennai. Edited excerpts:

time-read
2 minutos  |
September 19, 2024
25-year-old company veteran Samir Kumar has cart full as he takes reins at Amazon India
Business Standard

25-year-old company veteran Samir Kumar has cart full as he takes reins at Amazon India

Amazon has announced that Samir Kumar, a 25-year veteran of the company, will assume the role of head of its India consumer business effective October 1, 2024.

time-read
2 minutos  |
September 19, 2024
ZEEL refutes $940 mn Disney Star claim over ICC TV rights deal
Business Standard

ZEEL refutes $940 mn Disney Star claim over ICC TV rights deal

Star India on Monday filed a statement of case seeking $940 million damages from Zee Entertainment Enterprises (ZEEL) over the terminated ICC TV rights deal, the latter said in a stock exchange filing.

time-read
2 minutos  |
September 19, 2024
Business Standard

Best option is to double down on mkt strategy: P&G India

Procter & Gamble Hygiene and Healthcare (PGHH) and Gillette India (GI), both listed entities of Procter & Gamble India, noted in their investor calls that despite near-term macroeconomic challenges, an above normal monsoon will help revive demand in India.

time-read
1 min  |
September 19, 2024
Business Standard

'Irreparable loss for us': EY India on death of CA

The death of 26-year-old chartered accountant Anna Sebastian Perayil is \"tragic\" and an \"irreparable loss\" for EY India, the company said in a statement on Wednesday.

time-read
2 minutos  |
September 19, 2024