Reliance Industries Ltd, which through its subsidiary Reliance Jio Digital Services Ltd (RJDSL) had acquired 87% stake in artificial intelligence (AI) chatbot company Haptik Infotech Pvt Ltd this April, has changed its arm’s name to Jio Haptik Technologies Ltd.
RJDSL had bought the stake in Haptik Infotech for ₹700 crore. The balance stake is held by Haptik founders and employees through stock option grants.
The investment was made to help Reliance Jio Infocomm Ltd leverage Haptik’s capabilities to build India’s largest AI assistant across chat, voice and vernacular languages, RIL had said in April.
Haptik had in September acquired Buzzo.ai, a Mumbai-based conversational…