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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