Jio forays into metaverse; picks up 25% stake in artificial reality firm Two Platforms
Jio Platforms has picked up a 25%  stake in Two Platforms Inc for USD 15 million on a fully diluted basis. Two Platforms is a Silicon Valley-based Artificial Reality Company focused on building interactive and immersive AI experiences. After text and voice, the company believes the next chapter of AI is visual and interactive. The company’s artificial reality platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming. Two Platforms plans to bring its interactive AI technologies first to consumer applications followed by entertainment and gaming, as well as enterprise solutions including retail, services, education, health and wellness. “We are impressed with the strong experience and capabilities of the founding team at TWO in the areas of AI/ ML, AR, metaverse and Web 3.0. We look forward to working together with TWO to help expedite the development of new products in the areas of interactive AI, immersive gaming and metaverse,” Akash Ambani, Director of Jio, said. Two will work with Jio to fast-track the adoption of new technologies and build disruptive technologies such as AI, metaverse, and mixed realities. Jio Platforms has also entered into partnerships with tech giants like Microsoft, Google and Meta who are actively building hardware and software services for metaverse.
The company’s artificial reality platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming.
The company’s artificial reality platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming.
["Gaming", "Google", "Jio", "Jio AI Cloud", "Metaverse", "Microsoft"]
["Jio", "Go", "programming_languages:R", "Metaverse", "AI", "Gaming", "ML", "programming_languages:Go", "Git", "Jio AI Cloud", "Google", "R", "Microsoft"]
["AI", "ML", "R", "Go", "Git", "programming_languages:R", "programming_languages:Go"]
Sharath is an ardent believer in the ‘Transhumanism’ movement. Anything and everything about technology excites him. At Analytics India Magazine, he writes about artificial intelligence, cybersecurity and the impact these emerging technologies have on day-to-day human lives. When not working on a story, he spends his time reading tech novels and watching sci-fi movies and series.