Meta Platforms & Reliance Industries

Meta Platforms: Meta Platforms>>> is leasing a 168 MW AI-enabled data center from Reliance Industries>>> in India to scale its global AI infrastructure and deepen its investment in India's economy. This move supports its core business and AI compute needs.

Reliance Industries: Reliance Industries>>> is building and operating a 168 MW AI-enabled data center for Meta Platforms>>> in India — Jamnagar, India — Gujarat, positioning itself as a key provider of hyperscale AI infrastructure in India. This partnership strengthens its digital infrastructure ambitions.

Meta Platforms: Meta Platforms has a minority stake in Reliance Industries — Jio, a digital arm of Reliance Industries. Pavel Durov's allegations link Meta Platforms through its ownership of Meta Platforms — WhatsApp and its stake in Reliance Industries — Jio to the alleged lobbying against Telegram.

Reliance Industries: Pavel Durov initially accused Reliance Group of lobbying and sabotaging Telegram. However, industry sources clarified that the allegations likely pertain to Reliance Communications and not Reliance Industries's digital arm, Reliance Industries — Jio.

Meta Platforms: Existing investor in Reliance Industries — Jio; may participate in IPO.

Reliance Industries: Parent company holding 66.43% pre-issue equity; stands to benefit from Jio's IPO value unlocking.