Ambani Unveils Tech-Driven Vision for Reliance's Future

Jio dhan dhana dhan?

Mukesh Ambani and Reliance are planning to buy out BYJU'S liabilities in the Bankruptcy process at throw away valuations. Since existing investors have lost interest in the company, now their say won't matter. The highest bidder will be able to buy out BYJU'S. Great opportunity for Ambani's, Tata's and Adani's of the worst. The infra, IP and tech that BYJU'S has is easily worth more than a Billion dollars cakewalk. This is way lesser than their liabilities. Looks like the employees and ex employees are after all safe.

- Reliance Industries might spin off its telecom arm Jio for a public listing as early as 2025, according to Jefferies. - Investors prefer a spinoff over an IPO due to concerns about the holding company discount in the Indian market. - Jio, with over 475 million subscribers, was valued at $58 billion pre-money in 2020 and could be valued at $112 billion in a public listing. - A spinoff would reduce Reliance's controlling stake in Jio from 66.3% to 33.3%, potentially leading to a more accurate valuation. - The success of Jio Financial Services' spinoff last year could serve as a model for Jio's potential listing, with analysts projecting a 7-15% upside for Reliance's stock. Source: Techcrunch

If jio platforms get listed today then will be 4th largest firm in India by mcap. Profit $4B last year Subscribers - 500M ( more than usa population) Revenue 1.2 lac crore++ Arpu touching 200inr Amazing numbers that too within 10y of ops in a competitive segment of telecom.

Job market is brutal in all industries

- Mukesh Ambani outlines Reliance's AI focus, including 'Jio Brain' suite and free cloud storage for users - Company plans to enter luxury jewellery market and bring international fashion brands to India - Reliance Retail reports 17.8% growth, crossing Rs 3.6 lakh crore in revenues for FY24 - 30 GWh battery assembly plant in Jamnagar to begin operations by second half of 2026 - Ambani envisions Reliance joining world's top 30 companies by market cap in 'near future' Source: [The Arc](https://thearcweb.com/article/reliance-seeks-to-enter-global-company-league-with-new-investments-7FbWVKUMmIR2do2z)

The major AI and tech-related announcements at Reliance AGM 2024 – JioBrain, to drive AI adoption across Reliance’s operations – Jio said it will build powerful generative AI models at affordable prices – Giga-watt scale, AI-ready data centre at Gujarat’s Jamnagar along with AI inference facilities – JioAI Cloud welcome offer with upto 100 GB free cloud storage starting Diwali this year. – Partnering with tech companies to reduce AI inferencing – Partnering with JioInstitute to develop AI programme for upskilling – JioTV OS, a homegrown operating system for Jio set-top boxes with 4K ultra HD video, Dolby Atmos, and Dolby Vision. – Hello Jio, a generative AI voice assistant integrated with JioTV OS to find content on Jio set-top boxes. – JioStore, an app store specifically designed for Jio set-top boxes with smart apps offering motion-based fitness and augmented reality shopping features, among others. – JioHome app, a unified platform to manage IoT devices in users’ homes. – JioTV+, a platform offering 860 live TV channels,OTT apps, and on-demand content. – JioPhoneCall AI, a generative AI feature to transcribe, summarise, and translate phone calls.