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Reliance Jio's $15-million Bet on Artificial Reality

Reliance Jio's $15-million Bet on Artificial Reality

Jio Platforms is investing $15 million for a 25 per cent equity stake (on a fully diluted basis) in Pranav Mistry’s Two Platforms Inc.

Jio's Metaverse Jio's Metaverse

Jio Platforms is investing $15 million for a 25 per cent equity stake (on a fully diluted basis) in Pranav Mistry’s Two Platforms Inc. An artificial reality firm, TWO will help Jio fast-track its adoption of tech such as AI, metaverse and mixed reality. “Going forward, this [partnership] would potentially result in new consumer as well as enterprise use contexts,” says Prabhu Ram, Head – Industry Intelligence Group, at CMR.

Published on: Feb 25, 2022, 6:06 PM IST
Posted by: Vivek Dubey, Feb 25, 2022, 5:24 PM IST