Billionaire Mukesh Ambani on Thursday announced Rs 10 lakh crore investment by his group as he promised to revolutionise artificial intelligence, as he did with mobile data. Speaking at India AI Impact Summit here, Ambani said the best of AI is yet to come and that AI can usher in an era of super abundance. ADVERTISEMENTThe world, he said, stands at a fork over AI, one path leading to scarce, expensive AI & controlled data, while the other ensures affordable and accessible AI. "Jio with Reliance will invest Rs 10 lakh cr over the next 7 years starting this year," he said. Jio connected India to the internet era, and it will now connect it with the intelligence era.

Source: The Telegraph February 19, 2026 07:15 UTC