Jio invests $15 million in Silicon Valley-based AI startup Two Platforms Inc

Two Platforms Inc intends to apply its AI technology to consumer applications first, followed by entertainment, gaming, and enterprise solutions such as retail, services, education, health and wellness.

On Friday, Jio announced a $15 million investment in Two Platforms Inc, a deep tech start-up situated in Silicon Valley. The corporation will select a fully diluted 25% stock interest.

Two is an Artificial Reality (AR) startup that focuses on creating interactive and immersive AI experiences. It was established in July 2021 by Pranav Mistry. According to a business statement, Two thinks that after text and speech, the next phase of AI will be visual and interactive. Real-time AI voice and video chats, artificial persons, immersive settings, and lifelike games will be possible with the Artificial Reality platform.

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According to a statement from Mukesh Ambani’s telecom, Two’s AI technologies will first be used in consumer applications, followed by entertainment, gaming, and enterprise solutions such as retail, services, education, health, and wellness.

The Silicon Valley firm will collaborate with Jio to accelerate the adoption of new technologies and develop disruptive technology such as artificial intelligence, metaverse, and mixed realities.
Akash Ambani, Director at 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 the metaverse.”

Reliance Industries Limited has a significant stake in Jio Platforms. It intends to bring about transformative changes in the Indian digital services market. According to the corporation, it has built an ecosystem that includes a network, devices, apps and content, platforms, service experiences, and low-cost tariffs.