AI to machine learning: RIL's $2-billion bet to be a tech tornado

Mukesh Ambani-controlled Reliance Industries and its subsidiaries have invested over $2 billion in its four-pronged strategy to become a technology powerhouse.

The strategy includes spending over $1.6 billion on buying stakes in 24 tech firms across the US, UK, and India; winning 30 US patents out of the 53 it applied for, mostly in telecom and radio communications; and developing in-house tech in artificial intelligence, machine learning, block chain, virtual reality, big data, and 5G. Also, the ‘Gennext’ programme is providing venture capital support and mentoring to 150-odd companies across fields ranging from finance and retail to e-procurement, logistics, non-invasive