Facebook and Instagram parent Meta Platforms is reportedly considering licensing its virtual reality software, Horizon, to Reliance Jio. According to a report in Inc42, the Facebook parent aims to expand the reach of its Horizon OS by partnering with more companies. Reliance Jio, which has been eyeing augmented and virtual reality space for sometime now, is looking to leverage Horizon for its upcoming VR device.
Facebook is one of the earliest players in the AR/VR market. The company acquired VR devices maker Oculus in a $2 billion deal in 2014.
The potential collaboration aligns with Reliance Jio’s existing investments in the AR/VR space, including the acquisition of Tesseract and the launch of JioDive and JioGlass. Reliance Jio’s AR/VR go back to 2019 when the company had acquired AR and VR hardware and software startup Tesseract. Jio launched two devices – a VR headset called JioDive and smart glasses named JioGlass — in October 2023. Jio
JioDive and JioGlass, along with the potential Horizon-powered headset, could find apps in education, engineering, healthcare, and entertainment. Meta acquired a 10% stake in Jio Platforms in 2020 for $5.7
Meta-Reliance partnership goes back to 2020
This development further strengthens the Meta-Jio partnership, which began with Meta’s significant investment in Jio Platforms in the year 2020. It is one of the Meta’s biggest investments in India.
Both companies have been integrating their respective services to offer a wider range of products and services to Indian consumers.
While the talks are still in their early stages, analysts suggest that a successful partnership could reshape the Indian VR market.
Facebook is one of the earliest players in the AR/VR market. The company acquired VR devices maker Oculus in a $2 billion deal in 2014.
The potential collaboration aligns with Reliance Jio’s existing investments in the AR/VR space, including the acquisition of Tesseract and the launch of JioDive and JioGlass. Reliance Jio’s AR/VR go back to 2019 when the company had acquired AR and VR hardware and software startup Tesseract. Jio launched two devices – a VR headset called JioDive and smart glasses named JioGlass — in October 2023. Jio
JioDive and JioGlass, along with the potential Horizon-powered headset, could find apps in education, engineering, healthcare, and entertainment. Meta acquired a 10% stake in Jio Platforms in 2020 for $5.7
Meta-Reliance partnership goes back to 2020
This development further strengthens the Meta-Jio partnership, which began with Meta’s significant investment in Jio Platforms in the year 2020. It is one of the Meta’s biggest investments in India.
Both companies have been integrating their respective services to offer a wider range of products and services to Indian consumers.
While the talks are still in their early stages, analysts suggest that a successful partnership could reshape the Indian VR market.
#Reliance #Jio #talks #Facebook #power #ARVR #hardware #devices #Times #India
