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

This story is from the September 03, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the September 03, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

A singular life in plural India

In India today it is difficult to imagine a period of uninterrupted communal harmony, with reports of lynching, hate speech and bigotry surfacing with rising frequency.

time-read
3 mins  |
December 21, 2024
11 dead in fire after LPG tanker crashes into vehicles on Jaipur-Ajmer highway
Business Standard

11 dead in fire after LPG tanker crashes into vehicles on Jaipur-Ajmer highway

An LPG tanker collided with a truck on Friday, sparking a massive fireball that turned a stretch of the Jaipur-Ajmer highway into an inferno in which 11 people were killed and 37 vehicles engulfed in flames.

time-read
1 min  |
December 21, 2024
FMCG firms roll out tailored offerings for golden years
Business Standard

FMCG firms roll out tailored offerings for golden years

Affluent and health conscious, mature consumers are becoming selective about what they buy. Businesses are stepping up to meet their needs

time-read
2 mins  |
December 21, 2024
SPHERES OF INFLUENCE
Business Standard

SPHERES OF INFLUENCE

New districts are being announced more because of demands by influential groups than empirical studies, usually in the buildup to elections

time-read
4 mins  |
December 21, 2024
Accenture Q1 showing a shot in arm for IT stocks
Business Standard

Accenture Q1 showing a shot in arm for IT stocks

Strong US economy bodes well for Indian IT firms, say analysts

time-read
2 mins  |
December 21, 2024
Sun Pharma: Down, but not out
Business Standard

Sun Pharma: Down, but not out

Despite short-term blip, pharma major remains favourite among investors

time-read
3 mins  |
December 21, 2024
Business Standard

Mirae Asset MF's AUM crosses ₹2 trn mark

Mirae Asset Investment Managers (India) on Friday announced that its mutual fund (MF) assets under management (AUM) has crossed the ₹2 trillion mark on the back of 54 per cent compound annual growth rate (CAGR) in the past five years.

time-read
1 min  |
December 21, 2024
Business Standard

PIL in HC seeks action against Amfi for 'misleading' ads

A public interest litigation (PIL) has been filed in the Bombay High Court seeking directions to Securities and Exchange Board of India (Sebi) to revoke the permissions granted to mutual fund body Association of Mutual Funds in India (Amfi) for \"misleading\" and \"deceptive\" advertisement campaigns under the investor education and protection measures.

time-read
1 min  |
December 21, 2024
IPO frenzy: Six issues fully subscribed; IGI at 13% premium on listing day
Business Standard

IPO frenzy: Six issues fully subscribed; IGI at 13% premium on listing day

The initial public offerings (IPOs) of DAM Capital Advisors, Sanathan Textiles, Concord Enviro Systems, Mamata Machinery and Transrail Lighting, whose issues are on their penultimate day, were subscribed between 1.24 and 37.75 times.

time-read
1 min  |
December 21, 2024
Debt funds to deliver best show in 4 yrs
Business Standard

Debt funds to deliver best show in 4 yrs

Strong performance attributed to bond index inclusion and fiscal prudence, say experts

time-read
3 mins  |
December 21, 2024