16 Feb 2022

Facebook continues all in strategy for metaverse

At an all-hands internal meeting at Meta, founder Mark Zuckerberg encouraged employees to be all-in on the metaverse and focus on long-term disruption even if the results won’t be realized for years. ” Zuckerberg said Meta was now “a metaverse company, building the future of social connection” rather than primarily a

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14 Feb 2022

Mark Zuckerberg’s metaverse will require computing tech no one knows how to build

The technology necessary to power the metaverse doesn’t exist. It will not exist next year. It will not exist in 2026. The technology might not exist in 2032, though it’s likely we will have a few ideas as to how we might eventually design and manufacture chips that could turn Mark

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07 Feb 2022

Meta’s vision for the metaverse is an ‘old idea’ that’s ‘never worked,’ tech CEO says

When tech founder Phil Libin donned his Oculus VR headset to try out Meta’s first metaverse product, he was hoping it wouldn’t be terrible. “I had a very, very strong feeling that it would suck, but I went into it with as much hope as possible that I would be pleasantly

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03 Feb 2022

Mark Zuckerberg’s ‘metaverse’ business lost more than $10 billion last year, and the losses keep growing

Building the metaverse isn’t cheap. Meta, Facebook’s parent company, revealed, for the first time, the financials of its Reality Labs division in its fourth-quarter 2021 earnings report Wednesday. That’s the segment of the company tasked with building CEO Mark Zuckerberg’s vision for the metaverse. It also includes revenue from hardware, such as

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31 Jan 2022

Facebook owner Meta to lift veil off its metaverse business

Since October, Facebook has renamed the company, articulated a vision of the internet where people can digitally connect through virtual-reality avatars or teleport to see places like ancient Rome, and helped trigger the metaverse investment craze. When the company, now Meta Platforms Inc (FB.O), reports fourth-quarter results on Wednesday, investors will

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25 Jan 2022

Meta Unveils New AI Supercomputer

Meta Platforms Inc. said Monday that its research team built a new artificial intelligence supercomputer that the company maintains will soon be the fastest in the world. The supercomputer, the AI Research SuperCluster, was the result of nearly two years of work, often conducted remotely during the height of the pandemic,

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24 Jan 2022

Frightening Reality of Meta-Built Artificial Intelligence That Can Think ‘the Way We Do’

Meta founder Mark Zuckerberg was met with a mixed reaction after touting his company’s “exciting breakthrough” towards creating an artificial intelligence system that thinks “the way we do.” In a Facebook post on Thursday, Zuckerberg hailed the development of Meta’s data2vec, a new artificial intelligence algorithm that is capable of learning

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21 Jan 2022

Facebook’s parent company Meta is looking to launch NFT marketplace: Report

Meta, Facebook’s parent company, is reportedly drawing up plans to allow users to create and display NFTs on their profiles along with a prototype feature for minting tokens in the pipeline. The Financial Times reported the news on Thursday, citing “several people familiar with the matter.” The report comes after Meta

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14 Jan 2022

4 Innovations That Give a Sneak Peek Into the Metaverse

Meta, the company formerly known as Facebook, has been on a tear filing patents to realize its vision for the metaverse. The company has been awarded hundreds of patents in the past four months aimed at increasing the realism of its planned interactive virtual world, according to a review by Insider.

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10 Jan 2022

Microsoft Hit by Defections as Tech Giants Battle for Talent to Build the Metaverse

Microsoft Corp.’s augmented-reality team has lost around 100 people in the past year, many of them to Meta Platforms Inc., said former employees of the software company and online job profiles, as the battle heats up for workers with skills to build the metaverse. Competitors have been snapping up people with

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