Meta, Microsoft, and Amazon Team Up to Disrupt Online Maps Market
Google and Apple's dominance in the online maps market is being challenged by the Overture Maps Foundation, formed by Meta, Microsoft, Amazon Web Services, and TomTom. The foundation released 59 million points of interest as free base layer data, offering an alternative for mobile app developers to build their map applications without relying on Google or Apple's services. The Overture Maps Foundation aims to create a map data baseline, enabling companies to develop their maps independently from Google and Apple, avoiding limitations and access charges. By providing underlying map data, Overture allows companies to build customized map applications, which are essential for mobile apps, augmented reality, and self-driving cars.
Transcript
00:00 It's Ben Zinga and here's what's on the block.
00:02 Google and Apple's dominance in the online maps market is being challenged by the Overture Maps Foundation
00:07 formed by Meta, Microsoft, Amazon Web Services and TomTom.
00:11 The foundation released 59 million points of interest as free base layer data
00:15 offering an alternative for mobile app developers to build their own map applications without relying on Google or Apple services.
00:22 The Overture Maps Foundation aims to create a map database line enabling companies to develop their own maps independently from Google and Apple,
00:29 avoiding limitations and access charges.
00:32 By providing underlying map data, Overture allows companies to build customized map applications
00:37 which are essential for mobile apps, augmented reality and self-driving cars.
00:40 For all things money visit BenZinga.com
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