Jio Platforms Ltd has announced an investment of $ 1.5 million in exchange for a 25% equity stake in US Headquarters to Platforms Inc.
Jio Platforms Ltd has announced a 1.5 million investment in exchange for a 25 percent equity stake in US-based Two Platforms Inc. Two Platforms Inc. Is a deep technology startup founded by computer scientist and inventor Pranab Mistry of Indian descent.
We tell you that Jio Platforms Limited, an affiliate of Reliance Industries (RIL), operates Jio, India’s largest mobile network, and RIL’s other digital businesses.
Two Platforms Inc (TWO) is an artificial reality company focused on creating interactive and immersive AI experiences. After text and voice, TWO believes that the next important step in AI is the visual and interactive thing.
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TWO’s artificial reality platform enables real-time AI voice and video calls, digital human, immersive space and lively gaming. Long ago the consumer was planning to apply its interactive technology in the application. After that, it will gradually be incorporated into business solutions related to entertainment and gaming as well as retail, services, education, health and wellness.
The founding team of the two platforms has extensive experience in research, design and operations operations for many of the world’s largest global technology companies. Under this partnership, TWO will work with Jio to accelerate the adoption of new technologies and to create disruptive technologies such as AI, Metaverse and Mixed Reality.
Announcing the agreement, Akash Ambani, Director, Jio Platform, said in a statement: Looking forward to working with him. “
Speaking on the occasion, Mistry, Founder, Two Platforms, said, “Geo has played a vital role in India’s digital transformation. We are thrilled to be working with them. Together we look forward to pushing the boundaries of artificial intelligence and bringing its applications to customers.” Virtual reality. I’ll try to take it. “