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Tag: Facebook

  • RIP Metaverse: An obituary for the latest fad to join the tech graveyard – Insider

    I do not believe that Mark Zuckerberg ever had any real interest in “the Metaverse,” because he never seemed to define it beyond a slightly tweaked Facebook with avatars and cumbersome hardware. It was the means to an increased share price, rather than any real vision for the future of human interaction. And Zuckerberg used his outsize wealth and power to get the whole of the tech industry and a good portion of the American business world into line behind this half-baked idea.

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  • Who is still inside the metaverse? Searching for friends in Mark Zuckerberg’s deserted fantasyland. – Intelligencer
    Ever since VR began going mainstream, the masters of the corporate world have been circling the virtual one, waiting for something concrete enough to throw money at and, in the meantime, putting out press releases to assure shareholders they’re on top of it. None of the cheerleading makes the metaverse sound too enticing, however. Some of it is downright sociopathic.

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  • Whatever happened to the metaverse? – Financial Times
    Type “metaverse” into Google Trends and you’ll see search traffic for the word has collapsed by about 80 per cent over the past year or so. These days, if you want to raise a load of cash, you’d be better off name-dropping “generative AI” — artificial intelligence that can “generate” text, images or other data. Venture capital investment into that particular sector jumped 425 per cent between 2020 and 2022. […] All this is not to deny the likelihood that, as technology advances, the internet will become more immersive. But this will happen gradually and messily: we are not about to step into a suddenly formed, blockchain-powered virtual world together. The metaverse never really began — and yet it’s already over.

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