Jio Platforms Invests $15 Million In Silicon Valley Start-Up TWO

New Delhi: Reliance Industries Ltd's expertise arm Jio Platforms on Friday introduced an funding of $15 million in Two Platforms -- "TWO". Jio will purchase a 25 per cent fairness stake on a completely diluted foundation within the start-up. TWO is a Silicon Valley-based tech start-up based by Pranav Mistry.TWO -- an Artificial Reality (AR) firm -- stated it believes the subsequent chapter of Artificial Intelligence (AI) is visible and interactive.The AR platform allows real-time AI voice and video calls, digital people, immersive areas and lifelike gaming, it added.TWO additionally said that it plans to deliver its interactive AI applied sciences to shopper functions, adopted by entertainment, gaming, and enterprise options, together with retail, providers, training, well being and wellness."We would work collaboratively with Jio to fast-track the adoption of latest applied sciences and construct disruptive applied sciences resembling AI, metaverse, and blended realities, the start-up additional talked about.Akash Ambani, Director of Jio, stated, "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, stated, "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."