Mumbai, Aug. 29 -- Reliance Industries announced a joint venture with Meta on Friday, which will build and scale enterprise artificial intelligence solutions for enterprises in India and select international markets.

Under the JV agreement, Reliance Industries and Meta have jointly committed to an initial investment of Rs 855 crore (USD 100 million) to capitalise the JV in a ratio of 70% and 30%, respectively, the Indian conglomerate said in a statement.

Powered by Meta's advanced open-source Llama models, the JV will offer a secure, full-stack environment for organisations to customise, deploy and govern generative-AI models for specific use cases across sales and marketing, information technology development and operations, customer s...