Reliance Industries to invest $180 million in AI-based education platform Embibe
Reliance Industries Limited (RIL) will invest $180 million into Bengaluru-based online education platform Embibe, run by Indiavidual Learning over the next three years.
In a stock market disclosure, RIL stated that through the strategic investment, it aims to form India’s largest Artificial Intelligence (AI) based platform. Further, the investment in Embibe underlines Reliance’s commitment to growing the education sector in India and the world and making education accessible to the widest possible group of students by deploying technology, RIL said. RIL aims to connect more than 1.9 million schools and 58,000 universities across India with AI technology.
Embibe has built an AI-based education platform that uses data analytics to deliver personalised learning to students. The company, however, plans to use the new fund to deepen its investment in research and development on AI in education. Further, Embibe will use the investment to fund business growth and geographic expansion catering to students across K-12, higher education, professional skilling and vernacular languages worldwide.
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Tata Teleservices (Maharashtra) Limited ...
- Tata Teleservices (Maharashtra) Limited ...
- Tata Teleservices Maharashtra Limited pl...
- Hutchison Essar has announced the entry ...
- tele.net announces the winners of the Te...
- DoT issues guidelines for ISPs proposing...
- Usage and performance are the two top pr...
-
Telecom Operator Awards 2011 acknowledge...
- GSMA releases the “Licensing to Suppor...
- tele.net to host a conference on "Energy...
- TTSL has launched services in Bhopal, In...
- DoT turns down Vodafone India’s reques...
- DoT may allow spectrum sharing among 3G ...
- FICCI and AT KEARNEY release a report ti...
- Bharti has become the first GSM mobile o...
- DoT issues guidelines for ISPs proposing...
- tele.net to host a conference on "Energy...
- tele.net hosts a conference on “Teleco...
- RJIL likely to foray into 4G market by l...
- TRAI releases recommendations on ‘Valu...