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Napster Owner Infinite Reality Valued at $15 Billion After Acquiring Touchcast

  • 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.

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