Metaverse

Platform News: Facebook VR

Reggie Fils-Aimé is not a fan of Facebook’s metaverse

The future potential of the Metaverse, which could best be summarised as a new iteration of Second Life, is a subject that Facebook CEO Mark Zuckerberg, has identified as a definin...

Meta Platforms - systems in the metaverse

Meta’s Zuckerberg unveils AI projects aimed at building metaverse future

Facebook-owner Meta is working on artificial intelligence research to generate worlds through speech, improve how people chat to voice assistants and translate between languages, C...

Platform News: Disney+ streaming service

Disney names executive to oversee metaverse strategy

The Walt Disney Co has appointed an executive to oversee its metaverse strategy, according to an email Disney Chief Executive Bob Chapek sent to staff Tuesday and seen by journalis...

Facebook is Meta

Meta’s share price wipe-out shakes world tech stocks

Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a US company, after the social media giant issued a dismal forecast, blami...

Platform News: Epic Games, the maker of the Fortnite game

Epic Games invests in Spire Animation’s funding round, eyes metaverse

Spire Animation Studios has said it has raised $20 million in a funding round, which included an investment from Fortnite-maker Epic Games to collaborate and build metaverse experi...

Microsoft Corp

Microsoft to gobble up Activision in $69 billion metaverse bet

Microsoft Corp is buying “Call of Duty” maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake the...

Platform Industry: Tesla's Elon Musk

‘Has anyone seen Web3?’ Musk, Dorsey mock tech’s latest buzzword

Billionaires Elon Musk and Jack Dorsey dismissed the so-called Web3 and criticized the involvement of venture capital firms such as Andreessen Horowitz in building out what some ha...

Platform News: Facebook VR

Metaverse won’t be turning point in cryptocurrency adoption, investor Chesnais says

The growth of online virtual worlds will help advance the mainstream adoption of cryptocurrencies for payment transactions but it won’t be a game-changer, according to Frédér...

Platform News: Octi App

James Murdoch-backed metaverse app Octi launches

An app that allows users to create and share videos that blend elements of the physical and virtual worlds has ben launched, with financing from James Murdoch and entertainment ind...

Roblox

Roblox bookings beat as gaming boom persists, shares surge

Roblox Corp exceeded market estimates for quarterly bookings as demand for its video games “MeepCity” and “Adopt Me!” stayed strong even after pandemic-led ...

Platform Industry: Microsoft operating system users

Microsoft president says tech must compromise, downplays metaverse ‘hype’

The tech sector needs to compromise with regulators and take governments and people’s concerns seriously, Microsoft president Brad Smith has said in an interview.

Facebook is Meta

Facebook rebrands itself as ‘Meta’

Facebook Inc is now called Meta, the company has said, in a rebrand that focuses on building the “metaverse,” a shared virtual environment that it bets will be the succ...

Facebook

Facebook invests billions in metaverse efforts as ad business slows

Facebook said it will start publishing the financial results of its augmented and virtual reality labs as a separate unit, where it is investing billions in its ambitions to build ...

Platform News: Social media titan, Facebook

Changing Facebook’s name unlikely to deter lawmaker or regulatory scrutiny

Renaming Facebook Inc is unlikely to enable the tech giant to distance itself from regulatory and public scrutiny around the potential harms caused by its social media apps, market...

Facebook

Understanding the “metaverse”?

Facebook, which is under fire from regulators and lawmakers across the world, is planning to rebrand itself with a new name that focuses on the metaverse, well connected tech publi...

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