Facebook takes 30% stake in Reliance AI venture, Reliance Intelligence; here’s what ‘amended’ JV agreement says
Meta Platforms’ Facebook Overseas has acquired a 30% stake in Reliance Enterprise Intelligence Limited (REIL), a new AI venture launched by Mukesh Ambani‘s Reliance Industries, according to a regulatory filing. Reliance Intelligence Limited, RIL‘s wholly owned AI subsidiary, will hold the remaining 70% stake in the joint venture, which was formally incorporated on October 24,…