Billionaire Mukesh Ambani promises Jio moment for AI in India with investment of up to Rs. ₹Rs 10 lakh crore over the next seven years to build an AI ecosystem in the world’s most populous country.
Jio Platforms will invest with Reliance Industries ₹10 lakh crore over the next seven years, starting this year, the chairman of India’s largest company said at the India AI Impact Summit 2026 in New Delhi on Thursday. “This is not speculative investing. This is not to chase valuations. This is patient, disciplined nation-building capital.”
Ambani said, the biggest hurdle in AI is not the lack of talent but the high cost of computation. “GeoIntelligence will build India’s sovereign compute infrastructure.” This includes gigawatt-scale data centers.
Ambani said, Reliance Jio connected India to the Internet era and now it will connect it to the AI era.
“We will bring intelligence to every citizen, every sector of the economy and every aspect of social development. Jio will do this with the same reliability, scale and extreme affordability that transformed connectivity.”
The best of AI is yet to come and AI could usher in an era of extreme abundance. The world is at a crossroads regarding AI, he said – one path leads to scarce, expensive artificial intelligence-controlled data, while the other ensures affordable and accessible AI.