Infinite Reality has announced the acquisition of New York-based AI firm Touchcast for a whopping $500 million. Touchcast boasts an impressive portfolio of 27 patents in AI and interactive video technology. This strategic move elevates Infinite Reality's valuation to a remarkable $15.5 billion. As part of the integration plan, Infinite Reality aims to infuse Touchcast's cutting-edge AI technology into its product offerings, enabling platforms like Napster to provide an unparalleled, immersive social music listening experience.
