Reliance Industries and Jio Platforms are making a massive commitment to India's AI future, pledging $110 billion over seven years to build sovereign AI infrastructure. This includes gigawatt-scale, AI-ready data centers powered by green energy, with an initial 120 megawatts in Jamnagar expected by the second half of 2026. The goal is to make AI affordable and accessible nationwide, mirroring how Reliance Jio lowered data costs. Other significant investments in India include Adani Group's $100 billion for AI data centers by 2030, Microsoft's plan to invest $50 billion in the 'Global South' by 2030, and Larsen & Toubro's partnership with NVIDIA to establish India's largest AI factory.
Tata Consultancy Services (TCS) has partnered with OpenAI to develop secure, India-based AI infrastructure, aiming to enhance data sovereignty and computing capacity. This collaboration will allow advanced AI models to run securely within India, improving latency and meeting data residency requirements. Meanwhile, artificial intelligence is significantly transforming the telecommunications industry. A recent NVIDIA survey indicates that 90% of companies report AI increases revenue and reduces costs, with autonomous networks and improved customer service being key drivers. Most telcos, 89%, plan to increase AI spending in 2026, and 77% anticipate AI-native networks launching before 6G.
In the retail sector, Amazon has surpassed Walmart in annual revenue, reporting $716.9 billion, and is significantly increasing its AI investments. Reddit is also testing an AI-powered shopping search feature for US users, leveraging community discussions to display product carousels with pricing and purchase links, competing with platforms like Google Shopping and Amazon. Elsewhere, Wingstop is implementing AI-enabled Smart Kitchen technology across its domestic units to improve efficiency and boost growth. In finance, Remitly saw strong Q4 2025 earnings, with revenue up 25.7%, crediting AI-powered fraud prevention. Additionally, Jump, an AI meeting assistant for financial advisors, secured $80 million in Series B funding to enhance advisor efficiency.
Investor sentiment around AI is varied; value investor David Einhorn's Greenlight Capital avoids AI-focused stocks due to overvaluation concerns, instead investing in sectors like packaging and healthcare. Conversely, some US investors are shifting focus from major AI tech companies like Alphabet and Amazon to infrastructure providers, viewing them as the 'picks and shovels' of the AI gold rush. These infrastructure companies build data centers and supply power, benefiting from significant capital spending in AI development. Jared Sleeper of Avenir also discusses how software companies are navigating the rise of AI, identifying which business models are most likely to thrive amidst these technological shifts.
Key Takeaways
- Reliance Industries and Jio Platforms are investing $110 billion over seven years to build India's sovereign AI infrastructure, including gigawatt-scale data centers.
- Tata Consultancy Services (TCS) partnered with OpenAI to develop secure, India-based AI infrastructure and signed OpenAI as a data center customer.
- Other significant AI investments in India include Adani Group's $100 billion, Microsoft's $50 billion for the 'Global South', and NVIDIA's partnership with Larsen & Toubro for an AI factory.
- A NVIDIA survey indicates 90% of telecom companies report AI increases revenue and reduces costs, with 89% planning increased AI spending in 2026.
- Amazon surpassed Walmart in annual revenue ($716.9 billion) and is significantly increasing its AI investments.
- Reddit is testing an AI-powered shopping search feature in the US, leveraging community recommendations to compete with Google Shopping and Amazon.
- Remitly reported Q4 2025 revenue up 25.7%, attributing profitability gains to AI-powered fraud prevention.
- Jump, an AI meeting assistant for financial advisors, raised $80 million in Series B funding to improve advisor efficiency.
- Value investor David Einhorn avoids AI-focused stocks due to overvaluation, favoring sectors like packaging and healthcare.
- Some investors are shifting focus to AI infrastructure companies (data centers, networking) as major AI tech valuations face scrutiny.
Reliance invests $110 billion in AI infrastructure, TCS partners with OpenAI
Reliance Industries and Jio Platforms will invest $110 billion over seven years to build India's AI infrastructure. This includes AI-ready data centers powered by green energy and a nationwide network to make AI affordable. Meanwhile, Tata Consultancy Services (TCS) has partnered with OpenAI to develop secure, India-based AI infrastructure, aiming to strengthen data sovereignty and computing capacity. Reliance aims to reduce the cost of intelligence, similar to how they lowered data costs, making AI accessible nationwide. TCS's collaboration with OpenAI will enable advanced AI models to run securely in India, improving latency and meeting data residency requirements.
Reliance commits $110 billion to AI development over seven years
Reliance Industries and its unit Jio Platforms plan to invest 10 trillion rupees, equivalent to $110 billion, in artificial intelligence over the next seven years. This significant investment aims to build India's sovereign AI backbone. The funds will support the development of AI-ready data centers and other infrastructure to make AI widely accessible and affordable across the country.
Indian conglomerate Reliance pledges $110 billion for AI growth
Reliance Industries, a major Indian conglomerate, announced a substantial $110 billion investment in artificial intelligence over the next seven years. This commitment, led by Chairman Mukesh Ambani, is one of the largest private sector investments in AI globally. The funds will be channeled through Reliance and its digital arm, Jio Platforms, to drive AI initiatives through 2031.
Reliance Industries to invest $110 billion in AI infrastructure
Reliance Industries is set to invest $110 billion over seven years to build India's AI computing capacity. Chairman Mukesh Ambani announced the investment at the AI Impact Summit in New Delhi, highlighting the need for sovereign AI infrastructure to address the high cost and scarcity of computing power. Jio is developing multi-gigawatt AI-ready data centers in Jamnagar, with over 120 megawatts expected online in the second half of 2026, powered by renewable energy.
Reliance Industries invests $110 billion in AI development
Reliance Industries will invest 10 trillion rupees, approximately $110.13 billion, over the next seven years to develop AI infrastructure. Chairman Mukesh Ambani announced the plan at a global AI summit in New Delhi. The company aims to build gigawatt-scale data centers and provide reliable, affordable AI services to both businesses and consumers across India.
Reliance commits $110 billion to AI infrastructure development
Mukesh Ambani's Reliance conglomerate plans to invest up to 10 trillion rupees ($110 billion) over seven years in artificial intelligence infrastructure. Ambani stated that India should not rent intelligence but reduce its cost, similar to how Reliance Jio lowered data costs. The company is building data centers in Jamnagar with over 120 megawatts of capacity coming online in the second half of 2026. Reliance also plans to embed AI across various industries like manufacturing, logistics, and healthcare.
Major tech firms invest billions in India's AI future
Several major tech companies announced significant investments in India during the India AI Impact Summit in New Delhi. Reliance Industries and Jio committed $110 billion, while Adani Group pledged $100 billion for AI data centers through 2030. Microsoft plans to invest $50 billion in the 'Global South' by 2030. Yotta Data Services will build a $2 billion AI computing hub, and Larsen & Toubro is partnering with NVIDIA to create India's largest AI factory. TCS also signed OpenAI as a data center customer.
Mukesh Ambani plans $110 billion AI data center investment
Mukesh Ambani's Reliance Industries is stepping up its AI efforts with a $110 billion plan for data center investments. The company will build gigawatt-scale data centers and develop renewable energy to support AI growth across India. Chairman Ambani stated the goal is to make AI affordable, emphasizing that computing power scarcity is a major constraint. An initial 120 megawatts of AI-ready data center capacity in Jamnagar is expected by the second half of 2026.
AI drives autonomous networks and customer service gains in telecom
A new survey reveals that artificial intelligence (AI) is significantly transforming the telecommunications industry, leading to autonomous networks and improved customer service. About nine out of ten respondents reported that AI helps increase revenue and reduce costs. The study also shows a strong trend towards AI-native networks, with 77% expecting them to launch before 6G. Companies are increasing AI budgets, with top ROI use cases including autonomous networks, customer service, and internal process optimization.
AI fuels telecom transformation, boosting revenue and automation
Artificial intelligence is driving a major transformation in the telecommunications industry, according to NVIDIA's latest survey. Ninety percent of companies report AI is increasing revenue and reducing costs, with autonomous networks and improved customer service being key drivers of return on investment. Eighty-nine percent of telcos plan to increase AI spending in 2026, and 77% expect AI-native networks to launch before 6G. The survey highlights a significant shift towards AI-driven network automation and operations.
David Einhorn avoids AI stocks, invests in packaging and healthcare
Value investor David Einhorn, through his fund Greenlight Capital, is avoiding artificial intelligence-focused stocks due to concerns about overvaluation. Instead, he invested tens of millions in shares of Graphic Packaging, Capri Holdings, and various healthcare companies during the fourth quarter of 2025. Einhorn also took a position in Global Payments, viewing it as less susceptible to AI disruption. His portfolio reflects a preference for companies he believes are safer from technological upheaval.
Reddit tests AI-powered shopping search for users
Reddit is testing a new AI-powered shopping search feature that displays product carousels with pricing, images, and direct purchase links to select users in the US. This move aims to compete with platforms like Google Shopping and Amazon by leveraging Reddit's reputation for authentic product recommendations. The feature parses community discussions to surface products users actually recommend, matching them with current retail availability. Reddit hopes this will create new revenue streams through affiliate marketing and sponsored placements.
Amazon overtakes Walmart in revenue, both focus on AI growth
Amazon has surpassed Walmart in annual revenue for the first time, reporting $716.9 billion compared to Walmart's $713.2 billion. This shift highlights their ongoing retail rivalry and their differing approaches to artificial intelligence. Amazon is significantly increasing AI investments, while Walmart is relying on tech partnerships. Amazon's revenue growth is fueled by its cloud computing, advertising, and third-party seller services, while Walmart continues to leverage its physical store presence and growing digital business.
Remitly reports strong Q4 earnings, boosted by AI efficiency
Remitly exceeded revenue expectations in Q4 2025, with sales up 25.7% year-on-year to $442.2 million. The online money transfer platform also reported strong non-GAAP profit and improved operating margins. CEO Matthew Oppenheimer credited AI-powered fraud prevention and efficiency measures for boosting profitability. Remitly anticipates continued growth in 2026, driven by new products like Flex and Remitly Business, and further productivity gains enabled by AI.
AI meeting assistant Jump raises $80 million for advisor tools
Jump, a company providing an AI meeting assistant for financial advisors, has secured $80 million in Series B funding. CEO Parker Ence stated the funding will help address the significant time advisors spend on meeting preparation, note-taking, and follow-ups, allowing them to focus more on client work. This investment highlights the growing demand for AI solutions aimed at improving efficiency in the financial advisory sector.
Investors shift to AI infrastructure as tech giants' valuations cool
As the valuations of major AI tech companies like Alphabet and Amazon face scrutiny, some US investors are redirecting their focus to infrastructure companies. These companies, which build data centers, provide networking equipment, and supply power, are expected to benefit from the significant capital spending in AI development. This trend is often referred to as investing in the 'picks and shovels' of the AI gold rush, with firms like Brookfield Asset Management actively investing in data centers and related infrastructure.
Wingstop uses AI kitchens to boost growth after sales dip
Wingstop is implementing AI-enabled Smart Kitchen technology across all its domestic units to improve efficiency and reignite growth after a rare sales decline. This innovation features demand forecasting and digital displays, cutting wait times in half and increasing customer frequency. The company is also launching a loyalty program and a new marketing campaign to encourage more frequent visits. Wingstop aims to increase its average unit volume to $3 million by making chicken wings an everyday occasion.
Jared Sleeper discusses software survival amid AI rise
Jared Sleeper, a software investor and partner at Avenir, discusses the challenges facing software companies in the current market, often called the 'SaaSpocalypse.' He addresses fears that the rise of AI and advanced coding models could significantly impact the industry's future. Sleeper explores how business models have evolved and identifies which types of software companies are most likely to survive and thrive amidst these technological shifts and investor concerns.
Sources
- Reliance announces $110 bn AI push; TCS seals deal with OpenAI
- Ambani's Reliance will invest $110 billion in AI
- Indian Tech Giant Plans Massive $110 Billion AI Investment Over Seven Years
- Ambani's Reliance will invest $110 billion in AI
- India’s Reliance Industries to Invest $110 Billion in AI
- Ambani’s Reliance to Invest $110 Billion in AI Infrastructure
- Tech majors commit billions of dollars to India at AI summit
- Billionaire Mukesh Ambani Steps Up AI Push With $110 Billion Data Center Investment Plan
- Artificial intelligence drives autonomous networks, customer servic...
- Survey Reveals AI Advances in Telecom: Networks and Automation in Driver’s Seat as Return on Investment Climbs
- Inside David Einhorn's eclectic stock portfolio: The value investor shuns AI in favor of a unique mix of companies
- Reddit Tests AI Shopping Search With Product Carousels
- Amazon surpasses Walmart in annual revenue for first time, as both chase AI-fueled growth
- RELY Q4 Deep Dive: New Leadership, AI-Driven Efficiency, and Expanding Product Lines
- Jump raises $80M for advisor tools
- Some US investors pivot to infrastructure amid broader AI selloff
- After Rare Sales Decline, Wingstop Targets AI Kitchens, Loyalty, and Marketing to Reignite Growth
- Jared Sleeper on Which Software Companies Will Survive the SaaSpocalypse
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