News Summary

• Mukesh Ambani, India's richest man and chairman of Reliance Industries, has unveiled an ambitious plan to build the country's AI backbone.
• At the company's 48th annual general meeting on Friday, Ambani launched a new venture called Reliance Intelligence.
• The new venture aims to create a national-scale AI infrastructure, including enterprise tools and services for a variety of sectors.
• The move comes as India looks to catch up in the global AI race long dominated by the U.S. and China.