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A simple way to look at it is: Meta may have finally found a way to monetize WhatsApp; Cred gets fresh capital; and Kunal Shah gets a global role. But is that really the whole story?
Reliance Intelligence and Facebook have jointly committed an initial investment of Rs 855 crore in the JV.
Reliance Intelligence will pursue the business of setting up, acquiring, holding/investing in and promoting various ventures relating to AI.
The team will operate under Johan Schalkwyk, a recent Meta hire, who previously led voice AI company Sesame AI.
