Astha Rajvanshi
As Asia’s richest man, Mukesh Ambani, addressed his shareholders during a much-anticipated yearly address last Thursday, he also unveiled “JioBrain,” a suite of artificial intelligence (AI) tools and applications that he says will transform a spate of businesses in energy, textiles, telecommunications and more that form his multinational conglomerate, Reliance Industries. “By perfecting JioBrain within Reliance, we will create a powerful AI service platform that we can offer to other enterprises as well,” Ambani said during his speech.
The Reliance Chairman’s latest offering comes as India emerges as a crucial player in the global AI ecosystem, boasting a high-powered IT industry worth $250 billion, which serves many of the world’s banks, manufacturers and firms. As the world’s most populous country, India also has a robust workforce population with nearly 5 million programmers at a time when AI talent is in short supply globally, with analysts predicting that India’s AI services could be worth $17 billion by 2027, according to a recent report by Nasscom and BCG.
Puneet Chandok, the President of Microsoft India & South Asia, points to research that finds India has one of the highest AI adoption rates among knowledge workers, with 92% using generative AI at work—significantly higher than the global average of 75%. “These insights highlight the significant impact of AI on the Indian workforce and the proactive steps being taken by both employees and leaders to integrate AI into their daily routines,” Chandok says, adding that the company is also powering initiatives that aim to equip 2 million people with AI skills by 2025.
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