"Reliance Industries" and "Meta Platforms" announced a joint investment of "?855 crore" in a new company, "Reliance Enterprise Intelligence Ltd (REIL)", established for the AI services business in India. RIL holds a 70% stake and Meta holds the remaining 30% in REIL, aiming to develop, market, and distribute enterprise AI services in the burgeoning Indian market.
📚 Test Your Knowledge:
What is the joint investment amount made by Reliance and Meta in their new AI joint venture?
Correct Answer: Rs 855 crore