India’s billionaire industrialist Mukesh Ambani also made big announcements at the AI Impact Summit. He said that the best phase of AI is yet to come. He said, AI can usher in a new era in many fields. He said, the world is debating whether power will be concentrated in the hands of a few people due to AI. Or AI will become a medium of opportunities for all and easy opportunities for all.
Investment of Rs 10 lakh crore in the next seven years
Underlining the impact of artificial intelligence in the current era, he said, today the world is at a crossroads regarding AI. One path leads to less, expensive AI and controlled data, the other ensures cheaper, more accessible AI. Mukesh Ambani, while sharing his family’s commitment, said that just as the company has reduced the cost of mobile data, his group will also reduce the cost of AI. He said that Jio and Reliance India Limited (RIL) will invest Rs 10 lakh crore in the next 7 years starting from this year.
