Placing big bets on AI and deep tech, Reliance Industries Ltd. (RIL) Chairman Mukesh Ambani yesterday announced up to 100 GB of free cloud storage for Jio users and expects the company to double revenues over the next three to four years, a move that will set the path for a possible demerger and listing in future.

Outlining a grand vision for Jio infused with AI and innovation, Ambani said the company is doubling down on deep tech to further extend its competitive edge, a PTI report from Mumbai stated yesterday.

At the 47^th AGM of Reliance Industries, Ambani spoke about the AI service platform (Jio Brain), national AI infrastructure (gigawatt-scale AI-ready data centres in Jamnagar), Jio TvOS with voice assistant HelloJio, JioPhoneCall AI, as well as Jio AI-Cloud Welcome offer of up to 100 GB free cloud storage for Jio users.

“Jio users will get up to 100 GB of free cloud storage, to securely store and access all their photos, videos, documents, all other digital content, and data. And we will also have the most affordable prices in the market for those needing even higher storage,” Ambani announced.

The Jio AI-Cloud Welcome offer will be launched in Diwali this year and bring powerful and affordable solutions of cloud data storage and data-powered AI services to everyone everywhere.

Industry experts noted that the cloud offerings from Alphabet’s Google and Apple — that are widely used today — offer limited storage for free, and, hence, believe that Jio’s latest offensive would be interesting to watch.

Ambani said Jio is moving full steam ahead and is “on track” on its promise to bring the benefits of AI to every Indian, everywhere, just as the company had done for data and broadband.

To streamline AI adoption, Jio is developing a comprehensive suite of tools and platforms that encompass the entire AI lifecycle, christened Jio Brain.

He said remarkable achievements on subscriber, revenue and EBITDA metrics have placed Jio Platforms among the Top-12 companies in India in terms of net profits, underscoring its financial strength and operational excellence.

On ‘Jio Brain’, Ambani said it enables the company to accelerate AI adoption across Jio, driving faster decisions, more accurate predictions, and better understanding of customer needs.

“We are also starting to use Jio Brain to drive a similar transformation across other Reliance operating companies, and to fast-track their AI journey as well. I anticipate that by perfecting Jio Brain within Reliance, we will create a powerful AI service platform that we can offer to other enterprises as well,” he said.

The RIL Chairman said India has become the largest data market and Jio world’s largest mobile data company.

“Today, Jio’s network carries nearly 8 per cent of global mobile traffic, surpassing even major global operators, including those in developed markets. Today, Jio is a 490-million-strong family. And each Jio customer, on average, uses over 30 GB of data monthly, driving a 33 per cent growth in our data traffic over the past year,” Ambani said.

Jio will aim to add a million broadband homes every month to achieve 100 million home broadband customers in a record time.

“By leveraging our deep-tech capabilities and continuously optimising every process, we acquired the next 1 million air fibre customers in just 100 days. We are now challenging ourselves to add a million homes every 30 days. With this momentum, we are confident of reaching our target of 100 million home broadband customers at record speed,” he said.

Ambani exuded confidence that by harnessing AI, India will leap into a future of unprecedented progress and prosperity.  He also made it clear that AI models and services will be hosted within India’s borders, and “will comply fully with Indian data and privacy regulations, ensuring the security and privacy of our citizens are always protected”.

Ambani declared that AI should not be a luxury reserved for a select few, and said AI services must be accessible on all devices, not just expensive, high-end devices.