Morgan Stanley: The return on investment in artificial intelligence by the Indian Reliance Group may exceed 12%.

Morgan Stanley predicts that Reliance's AI/data center business will achieve a capital return rate of over 12%, approximately twice the return rate of its telecom and consumer investments over the past decade. The report also mentioned that Reliance plans to invest $110 billion in artificial intelligence over the next seven years, a scale similar to its previous investments in the consumer business. On Wednesday, Meta announced that it will lease an AI-ready data center built by a company owned by Mukesh Ambani.