New Delhi, Aug. 29 -- Billionaire Mukesh Ambani on Friday launched Reliance Intelligence, a wholly-owned arm of Reliance Industries Ltd (RIL), promising artificial intelligence (AI) "everywhere and for every Indian".

The new AI business, the promoter of the $208-billion conglomerate stressed, may have "just as large, if not larger" impact on the group's future, just as its venture in the mobile internet-driven digital services did a decade ago.

Speaking at the company's 48th annual general meeting in Mumbai, Ambani announced the launch of Reliance Intelligence with a paid-up capital of Rs.1 crore. Simultaneously, the company announced the expansion of its partnerships with its existing shareholders-Google and Meta Platforms-for AI appli...