Reliance Jio has announced that he invested $ 15 million (around 112 crores) Silicon Valley based startup tech, two platforms, for 25% of equity shares.
For those who do not know, two are artificial reality companies (AR) founded by Pranav Mistry with the aim of building an intelligence intelligence experience of interactive intelligence (AI).
Before this, Pranav has also worked with smart gadgets such as the Samsung Galaxy Gear and Sixthsense.
This investment can also be considered as Jio’s efforts to enter the metaverse.
The AR platform twice allows voice and video calls AI real-time, digital humans, immersive spaces, and games like humans.
The company plans to bring its AI interactive technology first to consumer applications followed by entertainment and games, as well as company solutions including retail, service, education, health, and health.
Last month, Mukesh Ambani, Chair and Managing Director Reliance Industries also stated that there would be extraordinary value creation in the virtual world in the coming decade.
“For example, people will start buying, selling, and using virtual real estate.” He said during the Infinity forum.
After investment, two will work with Jio to track new technology adoption and build disturbing technology such as AI, Metaverse, and mixed reality.
“We were impressed with the strong experience and ability of the founding team in two in the AI ​​/ ML, AR, Metaverse and Web 3.0 area.
We hope to work with two people to help accelerate the development of new products in the field of Interactive AI, Imperf and Metaverse games .
“Akash Ambani said, Director of Jio.