Reliance Shares Up After Meta's AI Venture Investment

Reliance Industries and Facebook are joining forces to build new AI services.

Facebook (Meta) will invest money and get a 30% share in the new company called REIL, while Reliance will have 70%.

REIL will focus on creating AI services for businesses in India.

Reliance plans to build AI infrastructure and data centers in Jamnagar.

The aim is to create AI services for various sectors, including consumers and important areas like education and healthcare.

This venture combines Reliance's infrastructure with Meta's AI expertise.