Mukesh Ambani promises ₹10 lakh crore to deliver a Jio moment for AI
Jio Platforms and Reliance to invest ₹10 lakh crore over the next seven years to build AI infrastructure in India, Mukesh Ambani says at India AI Summit.
Billionaire Mukesh Ambani has promised to deliver a Jio moment for AI in India, with an investment of up to ₹10 lakh crore over the next seven years to build the AI ecosystem in the world's most populous country.
Jio Platforms with Reliance Industries will invest ₹10 lakh crore over the next seven years starting this year, the chairman of India's biggest company said at the India AI Impact Summit 2026 in New Delhi on Thursday. “This isn't speculative investment. It is not for chasing valuation. This is patient, disciplined nation-building capital.”
The biggest constraint in AI is not scarcity of talent but high cost of compute, said Ambani. “Jio Intelligence will build India's sovereign compute infrastructure.” This includes gigawatt-scale data centres.
Reliance Jio connected India to the internet era, and it will now connect it with the AI era, Ambani said.
“We will deliver intelligence to every citizen, every sector of the economy and every facet of the social development. Jio will do so with the same reliability, scale and extreme affordability that transformed connectivity.”
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The best of AI is yet to come and that AI can usher in an era of super abundance. The world, he said, stands at a fork over AI—one path leading to scarce, expensive artificial intelligence-controlled data, while the other ensures affordable and accessible AI.
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The best of AI is yet to come and that AI can usher in an era of super abundance. The world, he said, stands at a fork over AI—one path leading to scarce, expensive artificial intelligence-controlled data, while the other ensures affordable and accessible AI.
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.
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