Even as the Mukesh Ambani-controlled Reliance Industries is busy signing new deals for its retail and platforms ventures, the conglomerate’s deal with Google to develop low-cost smartphones is being actively followed by the telecom industry watchers. “We believe we can design an entry-level 4G or even 5G smartphone for a fraction of its current cost. Google and Jio are partnering to build an Android-based smartphone operating system,” Ambani said at the RIL’s 43rd annual general meeting in July.
Despite having a fair good start with its low-cost feature phone – JioPhone – the chances of emulating that success with low-cost smartphones might be difficult. How? Indian handset market is divided into two parts: feature phone users and smartphone users. As per IDC, the average selling price of smartphones in India is about Rs
After telecom and e-commerce, India’s richest man has now put his weight behind artificial intelligence (AI).
Mukesh Ambani, chairman of India’s most valued private company Reliance Industries, believes that AI is “indispensable” to India for achieving its “digital destiny.”
“The time is ripe, and the tools are ready to make India a world leader in artificial intelligence, and to make AI work for all Indians,” Ambani said at the Responsible Artificial Intelligence for Social Empowerment summit (RAISE 2020) yesterday (Oct. 5).
The 63-year-old second-generation businessman, who has started dabbling in all things internet over the last few years, said AI could help India achieve its goals across economic growth, agriculture modernisation, affordable healthcare, and world-class education.
Ambani’s push for AI comes at a time when his digital business vertical, Jio Platforms, has been emerging as one of the youngest and fastest-growing tech firms in
Jio is reportedly gearing up to sell 150–200 million $54 smartphones in India.
It hopes to entice upgrades from customers on 2G devices, which will expand the target audience for Jio’s push into digital services.
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Indian telecom giant Jio has started working with at least two domestic manufacturers to secure capacity for 150–200 million smartphones, according to Bloomberg.
Jio’s $54 smartphone will upend the Indian market.
Business Insider Intelligence
Over the proceeding two years, Jio reportedly intends to sell the Android smartphones for 4,000 rupees ($54), a price point the company hopes would entice upgrades from a significant portion of the estimated 350 million basic or feature phone users in India who still rely on 2G service. Jio’s lofty shipment goal would