The Chinese government issued a three-year strategy on Friday aimed at strengthening the country's metaverse industry development, as well as integration of innovative key technologies including artificial intelligence, blockchain, and cloud computing.
Namely, the plan will pave the way for...
Meta Platforms Inc. Chief Executive Officer (CEO) Mark Zuckerberg testified on Tuesday before the United States Federal Trade Commission (FTC) as the body is trying to prevent the tech giant from acquiring virtual reality (VR) company Within Unilimited Inc.
The FTC started the case amid concerns that...
Meta Platforms Inc.'s CEO Mark Zuckerberg will supposedly step down from the post next year as the company faces unprecedented pressure, the Leak cited unnamed sources on Tuesday. Zuckerberg reportedly made the decision to resign as the company's CEO, however, the move is not expected to...
Swiss banks UBS and Julius Baer have tested giving financial advice to billionaire clients in the metaverse using headsets and avatars, but are not likely to roll out such service after noticing security issues, the Financial Times reported on Sunday citing sources close to the matter.
One bank executive...
Altimeter Capital Chair and CEO Brad Gerstner has recently told Meta that the company has too many workers while at the same time adding that the firm is going very slow in retaining investors' confidence, CNBC reported Monday, citing a letter sent by the investor.
"Meta needs to re-build...
Nvidia Corporation unveiled metaverse software on Tuesday under the name "Nvidia Omniverse Cloud" which will allow designing, publishing, operating, and experiencing metaverse applications everywhere by accessing the ability to "design" and "collaborate" on 3D workflows with a single click without...
Facebook's parent company, Meta Platforms Inc., announced on Wednesday that it is canceling the company's yearly developers conference, claiming it needs additional time to ready its next big project: the metaverse.
This is the second time in a period of three years that the company has dropped...
The Walt Disney Company has appointed Mike White as the new leader of the firm's metaverse strategy, CNBC reported on Tuesday.
Citing a memorandum Disney's Chief Executive Officer (CEO) Bob Chapek sent to the company's employees, White will have the position of the senior vice...
Meta said on Monday it will introduce by mid-2022 the AI Research SuperCluster (RSC), an AI supercomputer that "is among the fastest in the world."
According to information provided by the company, the RSC will help the company's AI researchers create better AI models. The work done...
Google has recently begun to work on augmented reality (AR) headset, codenamed Project Iris, which it hopes to commercialize in 2024, sources familiar with the project revealed to The Verge on Thursday.
Google's new device would be like the headsets from Meta, Apple, and Microsoft....
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