Tag: Metaverse

Is the VR/AR Market Dying? Apple and Meta Struggle to Find a Compelling Use Case

Despite its advanced technology, Apple’s Vision Pro has faced poor sales and high returns, highlighting the challenges in creating a market for VR/AR headsets. Meta...

Metaverse Expansion: Meta Partners with Microsoft and ASUS to Expand Horizon OS Across New Devices

Meta is sharing its Horizon OS with other manufacturers to grow the metaverse. The platform will support new devices from companies like Microsoft, Lenovo, and...

The Cost of Zuckerberg’s Metaverse Dream: $50 Billion and Counting

Facebook's parent company, Meta, has seen its Metaverse division drain nearly $50 billion in less than five years, according to a recent Business Insider...

Disney Scraps Metaverse Plans as Part of Divisional Layoffs

Disney had planned to enter the so-called Metaverse for its next-generation storytelling and consumer experience, but The Wall Street Journal reported that the plan was scrapped...

Mozilla Acquires Web-Based Metaverse Startup Active Replica

Firefox web browser developer Mozilla is one of the latest to step onto the Web3 road. The company is acquiring immersive solutions developer Active Replica to further its...

Apple Plans To Create Its Own Metaverse And A Video Service For Its Mixed Reality Glasses

Apple is on the lookout for a number of new employees who will be heavily involved in promoting the company's first mixed reality headset, which...

Meta Would Layoff More Than 13% Of Its Employees

It has been announced for a few days, but now it's official — the wave of layoffs at tech companies is also reaching the social media group,...

Encodec: Meta Announces AI-Powered Audio Codec

Meta announced a new audio codec, "EnCodec", that achieves amazing compression using AI. The codec is said to compress audio at 64kbps, ten times faster than...

Google Acquired AI Avatar Startup Alter For $100 Million

Google has acquired Alter, an AI-powered avatar startup, for $100 million. Alter is a Twitter-funded startup that develops avatars using artificial intelligence.  According to TechCrunch, the...