What's Jio’s '15-cent data advantage' in AI? Mukesh Ambani reveals to NVIDIA’s Jensen Huang

Reliance Industries Limited (RIL) chairman Mukesh Ambani, in a fireside chat with NVIDIA CEO Jensen Huang at the NVIDIA AI Summit in Mumbai today, said apart from the U.S. and China, India has the best digital connectivity infrastructure of 4G, 5G and broadband in the world. "Jio took India from No. 158 in the world to No. 1 in the world in 8 years. We, as a single company, didn't know anything about this domain. But today, we are the largest data company in the world, with volumes equivalent to AT&T, T-Mobile and Verizon combined."

Ambani says his telecom company, Jio Infocomm delivers data at 15 cents per GB compared to the U.S., which pays $5 per GB and the global average data cost of $3.5 per GB. "At Jio, we delivered about 16 Exabytes of data this year," he says.

Huang, while speaking about Prime Minister Narendra Modi, says he "loved" it when he met the PM the first time and he asked him to address this cabinet about AI. "And I was so surprised. It was literally the first time any government leader, any national leader asked me to address his cabinet on this particular topic."