Mukesh Ambani makes a $110 billion AI pledge before Jio IPO

Jio and Reliance Industries, owned by Asia's richest man Mukesh Ambani, pledged ₹10 lakh crore ($110 billion) over the next seven years starting 2026 to build an ecosystem for artificial intelligence (AI) in India.

"This is not speculative investment, this is patient capital to build India," Ambani said at the AI Impact Summit.

Jio Intelligence will build India's soverign compute ecosystem, which will include gigawatt scale datacenters; construction has already started, the Chairman of RIL said.

"We have in house emerge advantage of 10GW ready green power in Kutch," he added.

The article will be updated with more details