Fb and Instagram father or mother Meta Platforms is reportedly contemplating licensing its digital actuality software program, Horizon, to Reliance Jio. In response to a report in Inc42, the Fb father or mother goals to broaden the attain of its Horizon OS by partnering with extra corporations. Reliance Jio, which has been eyeing augmented and digital actuality area for someday now, is trying to leverage Horizon for its upcoming VR system.
Fb is among the earliest gamers within the AR/VR market. The corporate acquired VR gadgets maker Oculus in a $2 billion deal in 2014.
The potential collaboration aligns with Reliance Jio’s present investments within the AR/VR area, together with the acquisition of Tesseract and the launch of JioDive and JioGlass. Reliance Jio’s AR/VR return to 2019 when the corporate had acquired AR and VR {hardware} and software program startup Tesseract. Jio launched two gadgets – a VR headset known as JioDive and good glasses named JioGlass — in October 2023. Jio
JioDive and JioGlass, together with the potential Horizon-powered headset, may discover apps in training, engineering, healthcare, and leisure. Meta acquired a ten% stake in Jio Platforms in 2020 for $5.7
Meta-Reliance partnership goes again to 2020
This improvement additional strengthens the Meta-Jio partnership, which started with Meta’s vital funding in Jio Platforms within the 12 months 2020. It is among the Meta’s largest investments in India.
Each corporations have been integrating their respective providers to supply a wider vary of services and products to Indian customers.
Whereas the talks are nonetheless of their early levels, analysts recommend {that a} profitable partnership may reshape the Indian VR market.
Fb is among the earliest gamers within the AR/VR market. The corporate acquired VR gadgets maker Oculus in a $2 billion deal in 2014.
The potential collaboration aligns with Reliance Jio’s present investments within the AR/VR area, together with the acquisition of Tesseract and the launch of JioDive and JioGlass. Reliance Jio’s AR/VR return to 2019 when the corporate had acquired AR and VR {hardware} and software program startup Tesseract. Jio launched two gadgets – a VR headset known as JioDive and good glasses named JioGlass — in October 2023. Jio
JioDive and JioGlass, together with the potential Horizon-powered headset, may discover apps in training, engineering, healthcare, and leisure. Meta acquired a ten% stake in Jio Platforms in 2020 for $5.7
Meta-Reliance partnership goes again to 2020
This improvement additional strengthens the Meta-Jio partnership, which started with Meta’s vital funding in Jio Platforms within the 12 months 2020. It is among the Meta’s largest investments in India.
Each corporations have been integrating their respective providers to supply a wider vary of services and products to Indian customers.
Whereas the talks are nonetheless of their early levels, analysts recommend {that a} profitable partnership may reshape the Indian VR market.
