RIL’s $110 bn AI bet likely back-loaded over seven years: Morgan Stanley

New Delhi: Reliance Industries Ltd’s planned $110 billion investment in artificial intelligence (AI) over seven years is expected to be back-loaded, with spending accelerating after the initial build-out phase, analysts said.

The investment, announced by chairman Mukesh Ambani at the India AI Impact Summit, marks the group’s next major capital shift and is comparable in scale to its telecom and consumer bets between 2014 and 2021, according to Morgan Stanley.

Reliance plans to invest across multi-gigawatt data centres, renewable energy capacity, storage systems and AI chips.