
Jio Platforms to develop India-specific AI models: Mukesh Ambani
Jio Platforms wants to lead the effort in developing India-specific AI models and AI-powered solutions across domains
Jio Platforms wants to lead the effort in developing India-specific AI models and AI-powered solutions across domains
The current acquisition is in line with Jio's plan to boost innovation and leadership in the production of telecom network products.
Net debt rose to ₹110,248 crore from ₹3,862 crore in the last one year due to the rising capital expenditure.
From petrochemicals to petroleum refining and further onto telecom and retail, Mukesh Ambani has built multiple business empires in the last two decades.
The development comes on the heels of the telecom major’s plans for a countrywide rollout of 5G by the end of 2023, with an investment of ₹2 lakh crore.
The company’s revenue from operations for the September quarter surged 20.2% to ₹22,521 crore as compared to ₹18,735 crore in the same period last year.
Invited 'Jio Welcome Offer' users will be automatically upgraded to the Jio True 5G service without needing to change their existing Jio SIM or 5G handset.
Launched in November last year in association with Google, Reliance Jio's 5G Smartphone is powered by Qualcomm’s QM215 SoC processor.
JioGenNext is backed by RIL’s rich mentor pool, which include B. Srinivasan, president & chief of staff, Rohit Bansal, group head of communications, and Shailesh Kumar, chief data Scientist at Jio.
RIL should have promptly clarified on the unpublished price sensitive information relating to Jio-Facebook deal, says SEBI.