Alibaba Group Holding is scaling down its metaverse operations, according to a source familiar with the matter, making it the latest Big Tech company to pull back resources from the once-popular sector. Dozens of employees at Yuanjing, the metaverse unit of e-commerce giant Alibaba, have been laid off, as part of a restructuring that aims … Read more
The artistes behind the viral hit “Ogechi,” Brown Joel, Hyce and BoyPee, have shared how they convinced Afrobeats star Davido to feature on the track. The trio, who have individual music careers, appear to be the joint owners of the track released on 10 May. In the Nigerian music industry, it is rare for relatively … Read more
IIT Madras’ Centre for Outreach and Digital Education (CODE) hosted the ‘CODE HR Summit 2024’ on June 1, 2024, featuring 21 HR leaders and keynote sessions on Generative AI in Human Resources and the Metaverse. This inaugural HR Summit & Best Talent Award 2024 edition attracted attendees, including CXOs, CHROs, Learning & Development Leaders, Talent … Read more
Meta Talk of the metaverse has waned in recent months, but Meta CEO Mark Zuckerberg shook things up with an Instagram post that could have a significant impact on the development of the best VR headsets and accelerate the pace of the metaverse. The big news is that Meta will open-source the mixed-reality operating system … Read more
Picoheart, a Singapore-based affiliate of ByteDance, earlier this month invested an undisclosed amount to acquire a 9.5 per cent shareholding in state-backed InnoStar, which is headquartered in Shanghai, according to data from company registry information provider Qichacha. That investment was made “in hopes of utilising the memory chips produced by InnoStar in Pico’s VR headsets”, … Read more
Riyadh: The Kingdom of Saudi Arabia’s Ministry of Culture has launched the world’s first ‘National Cultural Metaverse Platform’, supported by the artificial intelligence system for Generative Media Intelligence (GMI). The initiative is presented in partnership with droppGroup and its World’s First “Phygital” metaverse using Hyper ledger Fabric 2.5 blockchain technology. The platform merges cultural richness … Read more
Meta/Apple We don’t often pit budget-priced competitors against ultra-premium technology, but the internet is buzzing over comparisons between Meta’s Quest 3 and Apple’s Vision Pro. Surprisingly, the $3,000 price difference isn’t the only reason that some people favor the Quest 3 over the Vision Pro. Whether you think of the Vision Pro as a spatial … Read more
Meta chief Mark Zuckerberg took to Instagram on Tuesday to knock Apple’s new Vision Pro headset while singing the praises of his own company’s Quest 3 alternative. In a video lasting 3 minutes and 40 seconds and shot entirely on the Quest 3, The Zuck only had two positive things to say about the Vision … Read more
China’s Ministry of Industry and Information Technology (MIIT) has assembled 60 experts, including some from the country’s largest technology firms, to form a new working group to establish standards for the metaverse sector. Representatives from telecoms equipment giant Huawei Technologies, video gaming titans Tencent Holdings and NetEase, web search and artificial intelligence champion Baidu, financial … Read more
The once-thunderous stampede into the consumer metaverse has given way to crickets, according to the latest investment data from Crunchbase on Tuesday. Based on its numbers, the well of venture capital funding for metaverse startups — which soared in 2021 and 2022 — dried up in 2023. In fact, in terms of U.S. investments that broke $100 … Read more
