Tag: Mark Zuckerberg metaverse

Technology

Mark Zuckerberg’s Metaverse faces over $20 billion setback

In a virtual interview, Mark Zuckerberg wowed audiences with the latest developments in hyper-realistic 3D avatars set against the backdrop of the Metaverse. However, the grandeur of these advancements does little to overshadow Meta's staggering loss of $3.74 billion in its Reality Labs division during the third quarter of this year. As the company grapples with these financial setbacks, Zuckerberg's response has been to trim down the workforce within the research units responsible for virtual and augmented reality hardware and software.Meta has been at the forefront of developing tools for virtual reality, including the Meta Quest headset and Spark AR Studio, a Facebook-backed toolkit for augmented reality projects. They have also delved into the realms of artificial intelligence and ...
Technology

The metaverse offers challenges and possibilities for the future of the retail industry

The metaverse offers challenges and possibilities for the future of the retail industry In 1968, American computer scientist Ivan Sutherland predicted the future of augmented and virtual reality with his concept of the “Ultimate Display". The Ultimate Display relied on the kinetic depth effect to create two dimensional images that moved with its users, giving the illusion of a three-dimensional display.While the concept of virtual reality only focuses on the creation of three-dimensional environments, the metaverse — a term coined by Neal Stephenson in his 1992 book Snow Crash — is a much broader concept that surpasses this. While no official definition of the metaverse truly exists, science and technology reporter Matthew Sparkes provides a decent one. He defines the metaverse as "a...
Technology

Mark Zuckerberg not qualified for Metaverse? Elon Musk’s ex-girlfriend has a view

Elon Musk's former girlfriend Grimes has questioned the capabilities of CEO Mark Zuckerberg to run his pet Metaverse project. How good do you think CEO Mark Zuckerberg is at his job? Let us forget Facebook and come to his pet project, Metaverse. Zuckerberg has bet the future of his group on it. However, there are quite a few doubters and Elon Musk's ex-girlfriend and the mother of his child, Grimes, has cast a stone in his direction. Canadian singer-songwriter and record producer Grimes thinks that Zuckerberg is under-qualified to run the Metaverse. Grimes expressed her disgust in her Twitter account by saying that if Zuckerberg oversees the Metaverse, it is dead as he is under qualified to build an alternate reality.Grimes,...