Metaverse company Infinite Reality has been valued at $15.5 billion after acquiring AI firm Touchcast.
The $500 million deal marks Infinite Reality's third acquisition this year, as it aims to establish itself as a key player in AI and eCommerce.
Touchcast's technology allows for convincingly duplicating someone's speech, potentially enabling the creation of digital doppelgangers for presentations.
According to recent research, over 90% of surveyed retailers have integrated AI into their transaction data workflows for improved analytics capabilities.