EU clears Mukesh Ambani-led Reliance's ₹855 cr-JV with Zuckerberg's Meta

The European Union has approved the joint venture between Reliance Industries and Meta Platforms to develop AI solutions for enterprises. With Reliance holding a 70% stake and Meta 30%, the venture will invest ₹855 crore, utilizing Meta's Llama models and Reliance's reach to offer AI tools across sectors, focusing on an AI platform-as-a-service and pre-configured industry solutions.