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Billionaire Mukesh Ambani’s conglomerate will plow as much as 10 trillion rupees ($110 billion) over seven years into artificial intelligence-related infrastructure, joining the global rush into technology’s fastest-growing arena.
This investment by Reliance Industries Ltd. and its telecom unit, Reliance Jio Infocomm Ltd., will also seek to lower the cost of AI, Ambani said at the India AI Impact Summit on Thursday in New Delhi.