India AI Summit 2026: Mukesh Ambani announces that Jio with Reliance will invest ₹10 lakh crore over seven years

Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani on Thursday (February 19, 2026) announced ₹10 lakh crore investment by his group as he promised to revolutionise artificial intelligence, as he did with mobile data.

Speaking at India AI Impact Summit in New Delhi, Mr. Ambani said the best of AI is yet to come and that AI can usher in an era of super abundance.

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The world, he said, stands at a fork over AI, one path leading to scarce, expensive AI & controlled data, while the other ensures affordable and accessible AI.

“Jio with Reliance will invest ₹10 lakh crore over the next seven years starting this year,” he said. “This is not speculative investment. It is not for chasing valuation. This is patient, disciplined nation-building capital.”

The biggest constraint in AI is not scarcity of talent, but high cost of compute, he said. “Jio Intelligence will build India’s sovereign compute infrastructure.” This includes gigawatt-scale data centres.

Jio connected India to the internet era, and it will now connect it with the intelligence era. “We will deliver intelligence to every citizen, every sector of the economy and every facet of the social development. Jio will do so with the same reliability, scale and extreme affordability that transformed connectivity,” Mr. Ambani said.