Jio Platforms, the telecom arm of Mukesh Ambani-owned Reliance, today announced an investment of Rs 112 crore in an American startup.
Jio Platforms, the telecom arm of Mukesh Ambani-owned Reliance Industries, today (February 4) announced investment in a Silicon Valley startup. The country’s largest company by market cap will invest $ 15 million (Rs 112.06 crore) in Reliance Silicon’s deep-tech startup Two Platforms Inc. This startup was started by Pranav Mistry in July 2021. After the completion of the deal, Reliance Jio will have a 25 percent stake in the two platforms. Both the companies will work together in fast track on technology like Metaverse.
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What does TWO do?
‘Two Platforms’ is an artificial realty company whose focus is to create interactive and immersive AI (Artificial Intelligence) experiences. TWO believes that after text and voice for AI, now the next round is of visual and interactive i.e. after just text or voice to talk to someone, now you will soon feel like a face-to-face discussion. Is. The company’s artificial reality platform enables AI voice and video calls, digital humans, immersive spaces and lifelike gaming in real time. The company plans to first bring its interactive AI technology to consumer applications and then to entertainment and gaming and enterprise solutions such as retail, services, education, health and wellness.
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TWO to collaborate with Jio on Metaverse
Reliance Jio has said in its statement that the founding team of TWO has many years of experience in research, design and operation with leading technology companies. Jio and TWO will work together on adopting new technology as soon as possible. and will create disruptive technologies such as AI, Metaverse and Mixed Realities.
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