Meta has not yet lost hope in an undefined virtual world called the Metaverse.
The company was recently seen shedding light on the future of the world of computing and how strongly the tech giant feels it will happen in the Metaverse.
Meta’s head of global operations, Nick Clegg, was seen last week explaining that the Metaverse is like a virtual space that takes place in the company’s Horizon Workrooms. Clegg tuned in from the city of London, UK, and spoke with a long list of reporters who were seen wearing headsets borrowed from his Meta Quest in the US capital, Washington.
The group featured a torso sitting on a large wooden table, and the only ones who resembled him were the avatars belonging to Clegg, others not worth mentioning.
Additionally, the avatar wore a blue blazer featuring red and blue pockets over a crisp white shirt. I just vowed that it would be superseded by something less taxing on people’s heads and more user-friendly, including virtual legs.
The company strongly believes in the potential of the Metaverse, and Clegg was adamant about how he intends to maintain his stance on the future of the Metaverse. Plus, he added, there’s a lot of evidence showing how this could become the heart of a major computing app, but it’s not going to happen overnight.
Clegg’s commitment to the metaverse stands in contrast to what we see in the tech world.
People are paying less attention to the world of VR and its efforts, chasing the AI tools that have revolutionized our lives today. With a renewed enthusiasm for generative AI and chatbots, the race to reach the top is never-ending.
Some companies have even pulled back on investments related to virtual experiences, but let’s not forget that there are tougher economic times right now that are forcing the industry to shift resources.
Last February, Microsoft wrapped up its own industrial-themed metaverse project when it chose to lay off about 10,000 employees. In case you didn’t know, the computational giant has always acted as a major ally in Meta’s efforts, and some of its executive members have even shown up to create Meta events.
Microsoft’s CEO recently touted how strongly he feels about uniting on VR-related projects, and how enthusiastic he is about adding to the company’s long list of workplace tools such as Word, Excel, and Teams. bottom.
Not only that, but I’ve seen The Walt Disney Company cut some of its Metaverse-focused projects and lay off employees to keep costs down for the company.
On Wednesday, Nick Clegg highlighted two main ways Meta hopes to get the most out of the Metaverse’s investment in the VR world. This was an advertisement and the other related to commerce.
Using user data for the purpose of targeting specific ads has proven to keep both Meta’s apps, Facebook and Instagram, profitable. The problem, however, is how Meta encourages users to spend more on her VR gear or utilize her VR tools when shopping.
H/T: Bloomberg
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