The European Union has approved the proposed joint venture between Reliance Industries Limited (RIL) and Meta Platforms to develop enterprise-focused artificial intelligence solutions. Announced at RIL’s annual general meeting, the venture will invest about Rs 8.55 billion (US$100 million), with Reliance holding a 70 per cent stake and Meta 30 per cent. It will combine Meta’s open-source Llama models with RIL’s enterprise reach to deliver artificial intelligence (AI) tools across multiple sectors.
The partnership will centre on two offerings: an enterprise AI platform-as-a-service to help organisations customise and deploy generative AI models, and a suite of pre-configured solutions for industries such as sales, marketing, IT operations, customer service, and finance.
Meta will provide technical expertise in building Llama-based models, while RIL will leverage its digital infrastructure and network of enterprises and small businesses in India. The solutions will be designed for deployment across cloud, on-premises, and hybrid environments, with a focus on reducing total cost of ownership.
