Official announcement from Reliance Industries or verified news reports

Mukesh Ambani Announces Gigawatt-Scale AI-Ready Data Centers in Jamnagar, Solar Module Production by 2024-End

Aug 29, 2024, 09:17 AM

At the 2024 annual general meeting of Reliance Industries, Chairman Mukesh Ambani announced the company's strategic pivot towards artificial intelligence (AI) and sustainability. He highlighted that Reliance aims to become a net producer of technology, emphasizing the rapid commoditization of AI and its potential to address complex global challenges. Ambani revealed plans to establish gigawatt-scale AI-ready data centers in Jamnagar, Gujarat, powered entirely by green energy, showcasing the company's commitment to sustainability. He also mentioned that Reliance intends to create the world's lowest AI inferencing costs. Additionally, Ambani confirmed that the company will start production of solar photovoltaic modules by the end of 2024 and is working on an electrolyser factory set to be operational by 2026. The meeting featured numerous references to AI, indicating Reliance's deep engagement with the technology sector.