In a move to leverage the surging global demand for artificial intelligence (AI) services, Reliance Group is reportedly building what could be the world’s largest data centre by capacity in India.

As per Bloomberg, Mukesh Ambani is acquiring Nvidia Corp.’s cutting-edge AI semiconductors to establish this data centre in Jamnagar. The facility, with an anticipated capacity of three gigawatts, is set to surpass all existing data centres worldwide.

If confirmed, Ambani will join the ranks of global tech giants like Microsoft, Alphabet, and Amazon, all investing billions in AI-focused data centres to cater to a growing customer base.

Meanwhile, in the US, OpenAI, SoftBank, and Oracle have pledged investments of up to $500 Bn in AI infrastructure under the newly launched Stargate Project.

Notably, in October last year, to develop AI infrastructure in India. In the NVIDIA AI Summit 2024 in October Ambani remarked that India is set to become an innovation hub and premier digital market on the back of the country’s booming economy, raw talent and digital connectivity infrastructure.

With a vast population of AI users, India holds a strategic advantage due to its robust ecosystem of essential components, including AI, data, and infrastructure. This large user base fuels an “AI flywheel,” creating a self-sustaining cycle of growth and innovation.

India’s thriving AI landscape makes this a strategically timed move. The country boasts over 100 GenAI startups that have cumulatively . A, the sector is estimated to reach $17 Bn market opportunity by 2030.

The government is also doubling down on the AI landscape with the union cabinet approving a total outlay of INR 10,372 Cr for IndiaAI Mission over the next five years.

Amidst other recent developments, Reliance Jio has officially launched a cryptocurrency called JioCoin, developed in partnership with Polygon Labs. The collaboration also aims to enhance Jio’s overall digital offerings through Web3 capabilities.

Last year in November, Reliance Industries Ltd (RIL), Viacom18 and The Walt Disney Company announced the merger of their media business. As a result, the media and JioCinema businesses of Viacom18 have been merged with Star India.

On the financial front, Reliance Retail’s operating revenue jumped 7% to INR 79,595 Cr during Q3 FY25 from INR 74,373 during the corresponding quarter last fiscal. Net profit rose 10% to INR 3,458 Cr from INR 3,145 Cr in Q3 FY24.

Reliance Retail revealed that its digital and new commerce business accounted for 18% of its total revenue.

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