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Mumbai: Reliance Industries on Saturday announced that its subsidiary, Reliance Intelligence Ltd, has established a joint venture with US tech giant Meta’s subsidiary to market and distribute enterprise AI in India.

A new company, namely Reliance Enterprise Intelligence Limited (REIL), has been formed as a joint venture with Facebook Overseas, Inc., according to an exchange filing.

The Mukesh Ambani and Mark Zuckerberg-led companies have committed an initial combined investment of around Rs 855 crore in the unit, aimed at “developing, marketing, and distributing enterprise AI services.”

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Reliance Intelligence will own 70 per cent of RE

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