Overview

• Jio Platforms is preparing to file for an IPO with an intended listing in the first half of 2026, subject to approvals, as Reliance shares slipped about 2% after the AGM.
• Reliance launched a wholly owned AI subsidiary, Reliance Intelligence, to build gigawatt-scale infrastructure, deliver India-focused AI services and cultivate AI talent.
• Work has begun on AI-ready, clean-energy-powered data centres in Jamnagar, and Google will develop a dedicated Jamnagar Cloud region to support Reliance’s AI and cloud needs.
• Reliance announced an AI joint venture with Meta to deliver open-source models to Indian businesses, with the partnership valued at about Rs 855 crore.
• Jio unveiled consumer AI products including JioPC, which turns any screen into a cloud-powered computer, and JioFrames, an AI-enabled wearable, as the company surpassed 500 million customers.