By: Nicol Turner Lee & Tom Wheeler (TechTank)
Amidst the explosive popularity of ChatGPT and other generative AI technologies, the once captivating allure of the metaverse may appear to have faded. However, behind the scenes, away from the public eye and regulatory scrutiny, the pursuit of an immersive digital reality continues unabated across the globe. Various companies are fervently investing in and developing initiatives related to augmented and virtual realities, as well as XR technologies, spanning industries from fashion to healthcare. Among these pioneers stands Metaverse Platforms, previously known as Facebook.
Historically, public policymakers have struggled to keep pace with regulating new technologies, often reacting only after they have already become mainstream, potentially causing disruptions to societal norms and established regulations. Giant tech companies like Metaverse Platforms, capitalizing on their early mover advantage and data dominance, have the power to set norms that might not always align with the best interests of the public…
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