Facebook picks 30% in AI venture of Reliance
Facebook acquires 30% stake in Reliance’s AI venture | Photo Credit: Reuters Meta Platforms Inc’s Facebook Overseas will hold 30% interest in the AI venture floated by billionaire Mukesh Ambani’s Reliance Industries, according to a regulatory filing. Reliance Intelligence, a wholly-owned subsidiary of Reliance Industries Ltd, and Facebook will jointly invest an initial ₹855 crore…
