Zuckerberg has shut down the Metaverse and diverted the money to a real-life competitor of Elon Musk’s Twitter. His fortune has grown by about $44 billion this year. Mark Zuckerberg was all-in on the metaverse last year, willing to spend whatever it took to dominate virtual reality. And it cost
Mark Zuckerberg led the tech industry into a metaverse wasteland. What was unusual about the metaverse from the outside, circa 2021, was how little it offered to anyone but executives, who alternated between hyping it as imminent or far-off. A few years on, Silicon Valley’s brief obsession with the metaverse
The Metaverse is dead. The hype surrounding it could not save it, and its decline can be attributed to a lack of a coherent vision for the product. An obituary for the latest fad to join the tech graveyard. The Metaverse, the once-buzzy technology that promised to allow users to
In its first-quarter earnings report on Wednesday, Meta revealed that Zuckerberg’s Metaverse has taken a $4 billion loss.
Slow user adoption, driven in part by expensive hardware requirements and glitchy technology, as well as deteriorating economic conditions, has forced Disney and Microsoft to shut down their Metaverse projects.
The Fiat Metaverse Store, unveiled in January at CES, was developed in collaboration with Microsoft and software firm Touchcast, which uses AI and ChatGPT to sell cars in the metaverse.
During its 2023 Davos conference, the World Economic Forum will host a press conference on its “Building The Metaverse Initiative,” and release key “studies” and details about its efforts to further facilitate what appears to amount to a global surveillance network, according to documents reviewed by The Dossier.
It is proposed that the metaverse creates virtual spaces where people from all over the world can meet and share their experiences. So far, this is the architecture of the metaverse.
As with any new technological development, the future of immersive digital worlds is still an open question. However, luxury fashion houses are funneling millions into the metaverse. But to what end?