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March 24 - OpenAI and Meta (META, Financial) are in discussions with India's Reliance Industries for potential artificial intelligence collaborations, according to a Monday report by The Information.
Executives from OpenAI have engaged in multiple discussions with Reliance representatives about a possible partnership focused on product distribution and sales. The deal could involve Reliance's telecom unit, Jio, helping to distribute OpenAI's AI-powered solutions, including ChatGPT, the report stated, citing sources familiar with the talks.
Meta is also exploring a potential AI business collaboration with Reliance, owned by billionaire Mukesh Ambani, as it seeks to strengthen its presence in the Indian market.
Through this partnership, these companies can enjoy a stronger foothold in India with Reliance and forge better ties with government officials. However, the country's regulators have already taken issue with that the presence of foreign AI firms may prevent domestic innovation from growing, which can be a worrying sign.
This article first appeared on GuruFocus.