At Reliance’s RIL 43rd AGM (Annual General Meeting), the company announced the upcoming release of its own designed MR glasses, called the Jio Glass. With 387.5 million subscribers, Reliance Jio is one of the world’s leading operators and the number one operator in India. The biggest operator in India in only the last 3 years (adding 90 million new subscribers in 2019 ). Over the last 3 months, it has increased $20 billion from the likes of Facebook, Google, Intel, Qualcomm, and a slew of private equity firms, including KKR, Silver Lake and TPG.
At the 43rd annual general meeting, Reliance (Jio’s Parent company) Chairman and MD Mukesh Ambani stated that the company aims to hit 500 million subscribers in the upcoming 3 years, inspired heavily by its 4G base network, upcoming 5G network.
One of Reliance Jio’s subsidiaries is another India-based organization called Tesseract, which specializes in creating XR experiences and devices. Tesseract originally spun out of MIT’s Media Lab, with the goal of democratizing AR and VR. Though XR glasses are an unusual move for a network operator such as Jio, the company tends to do things its own way. The Reliance Jio Glass can also thank Qualcomm’s XR Viewer Program, which has gained quite a bit of traction with operators around the globe as of late. This program seeks to guarantee interoperability among different XR glasses and smartphones via a certification process. Neither Tesseract or Qualcomm have declared any official partnerships behind the Jio Glass yet. That said, there is nearly a 100% certainty that Jio and Tesseract will power their headset that uses Snapdragon chips, placing them squarely within this ecosystem.
Reliance announces new
Jio Glass
Reliance announces new Jio Glass
Reliance Jio has announced
a new product called Jio Glass. The new product is aimed at enhancing the
virtual space by making it more interactive using 3D avatars, holographic
content, and even normal video conferencing features.
- The Jio Glass weighs only 75gms and comes with personalized audio. In order to access content on the device, the company will provide a USB cable that can be attached to the smartphone in order to access different use case scenarios.
- The Jio Glass can use 3D avatars to make interactions better in the virtual world. The company will also provide designed discussions by sharing 3D holograms.
- According to the company, Jio Glass will get support from 25 apps for now. The Glass can be used for educational purposes using holographic content.
Reliance Industries also
announced a new stakeholder in Jio Platforms. The company has announced Google
as a new strategic partner. The company has claimed that the search giant will
invest ₹33,737 crores with a stake of 7.7%. This takes the total investment
by stakeholders to ₹1,52,056 crore.
Before the Google announcement, Reliance Industries had sold stakes worth ₹1,18,318.45 crore which includes investors like Facebook. While the lockdown and times of uncertainty hit the share values of most companies, Reliance Industries has managed to soar through by an increment of over 120% since the lockdown began in mid-March. Other major investors and collaborators from the tech world include chipset makers Intel and Qualcomm.
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