Reliance Industries Ltd, through its subsidiary Reliance Jio Digital Services Ltd, has acquired 87% stake in artificial intelligence (AI) chatbot company Haptik Infotech Pvt. Ltd for ₹700 crore. The investment will help Reliance Jio Infocomm Ltd leverage Haptik’s capabilities to build India’s largest AI assistant across chat, voice and vernacular languages. The Haptik team will continue to drive growth of the business, including the enterprise platform as well as digital consumer assistants.

(Dealstreet Asia)