Journalism of Courage
Advertisement
Premium

Jio buys 25% in deep tech co Two Platforms

Two Platforms is an artificial reality company with focus on building interactive and immersional AI experiences.

Jio Platforms, Reliance Jio Platforms, Silicon Valley-based deep tech startup, AI experiences, Business news, Indian express business news, Indian express, Indian express news, Current Affairs“After text and voice, Two believes the next chapter of AI is visual and interactive ... Two plans to bring its interactive AI technologies first to consumer applications followed by entertainment and gaming, as well as enterprise solutions including retail, services, education, health and wellness,” RIL said.

Jio Platforms on Friday announced an investment of $15 million in Two Platforms Inc, a Silicon Valley-based deep tech startup founded by Pranav Mistry, for a 25 per cent equity stake on a fully diluted basis.

Two Platforms is an artificial reality company with focus on building interactive and immersional AI experiences.

“After text and voice, Two believes the next chapter of AI is visual and interactive … Two plans to bring its interactive AI technologies first to consumer applications followed by entertainment and gaming, as well as enterprise solutions including retail, services, education, health and wellness,” RIL said.

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.”

Curated For You

 

Tags:
  • Mumbai
Edition
Install the Express App for
a better experience
Featured
Trending Topics
News
Multimedia
Follow Us
C Raja Mohan writesTrump’s Ukraine peace plan is audacious. India has a stake in its success
X