- Meta has revealed that it’s still committed to its metaverse mission
- The tech giant also noted that the hype around virtual worlds has generally shifted to artificial intelligence (AI)
- It, however, suggested that it’ll focus on the metaverse from an industrial, not individual, perspective
Tech heavyweight Meta has refuted claims that it replaced its metaverse committed with artificial intelligence (AI). Although the firm admitted that AI currently commands more attention than the metaverse, it reaffirmed that its metaverse mission is still on. Meta, however, seemed to incline more toward industrial, instead of individual applications of the virtual world, a liking that explains the company’s investments in the Quest virtual reality (VR) headset.
The Metaverse Hype is Dead
In a post predicting current and future technological transformations, Meta noted that all the transformations are tied to the growth of the metaverse.
One of the predictions noted that it’s time to build meaningful metaverse applications since the metaverse hype is dead, adding that the hype has moved to AI. Meta said it “remains committed to both,” adding that its web3 and metaverse department, Reality Labs “recently passed $1 billion in revenue for the first time.”
Meta sees “promising [metaverse] opportunities […] in training and education” and revealed that it has started exploring these opportunities by developing a product “that lets colleagues collaborate on CAD [computer-aided design] models together” even if they are in different countries.
According to Meta, the physical and digital worlds continue to intertwine and entities adapting to this change will “thrive as the metaverse continues to take shape.”
Meta’s prediction aligns with the findings of recent research that revealed that managing employees in the metaverse will be simpler and cost-saving in an industrial setup.
Losses Not a Hindrance
The tech heavyweight’s commitment to the metaverse comes despite losing billions of US dollars in its metaverse exploration mission.
It also comes five months after Mark Zuckerberg conducted a lifelike interview in the metaverse and six months after the company’s metaverse project debuted on mobile and web. It also comes as more entities like Disney, USDC issuer Circle and Forbes enter the metaverse.
With Meta reaffirming its metaverse commitment, it’s to be seen whether it’ll explore a metaverse-AI connection.
