Jio Platforms is the technology subsidiary of Reliance Industries.New Delhi: Reliance Industries Ltd’s technology arm Jio Platforms on Friday announced an investment of $15 million in Two Platforms — “TWO”. Jio will acquire a 25 per cent equity stake on a fully diluted basis in the start-up. TWO is a Silicon Valley-based tech start-up founded by Pranav Mistry.TWO — an Artificial Reality (AR) company — said it believes the next chapter of Artificial Intelligence (AI) is visual and interactive.The AR platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming, it added.TWO also stated that it plans to bring its interactive AI technologies to consumer applications, followed by entertainment, gaming, and enterprise solutions, including retail, services, education, health and wellness.”We would work collaboratively with Jio to fast-track the adoption of new technologies and build disruptive technologies such as AI, metaverse, and mixed realities, the start-up further mentioned.Akash Ambani, Director of Jio, said, “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.”Pranav Mistry, Chief Executive of TWO, said, “Jio is foundational to India’s digital transformation. We at TWO are excited to partner with Jio to push the boundaries of AI and introduce applications of Artificial Reality to consumers and businesses at scale.”
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