Four years after Facebook changed its corporate name to Meta after the metaverse, which it believed was the next big thing in tech, the tech giant looks to be ready to pull the plug on this money pit. In a memo seen by Business Insider,...
Is it game over for video game and metaverse company Roblox? Not quite. The company reported revenue up 32% year over year, as well as a 21% year-over-year growth in bookings. But despite the fact that Roblox is poised to achieve its third consecutive year of...
Remember the metaverse? The popularity of artificial intelligence (AI) has put some vigor back into virtual reality/extended reality (VR/XR) virtual worlds. Take Florida-based Infinite Reality, which is an XR company that lets users create 3D websites in the metaverse. Users can develop these virtual worlds...
Meta has unveiled a foundation model for controlling the behavior of virtual embodied humanoid agents, saying it will enhance the Metaverse. The new Meta Motivo enables these agents to learn human-like movements and perform complex tasks, the company said in a Thursday (Dec. 12) blog post....
June 17, 2024
As innovative technologies become more commonplace, the opportunity to unlock value becomes more accessible. And with the news Friday (June 14) that industrial metaverse company DataMesh raised a new funding round to develop its enterprise metaverse platform, tapping into the potential that digital ecosystems offer is top of mind for forward-thinking firms, particularly those in […]
May 29, 2024
Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. In an interview with PYMNTS following the retailer’s launch of gamified marketplace...
January 31, 2024
As technology advances, the metaverse is growing, offering immersive experiences, social connectivity, and economic opportunities. Embracing the same sentiment, Spanish retailer Mango has entered the realm of Roblox, solidifying its...
July 27, 2023
Meta’s investments in tomorrow are running up tens of billions in losses today. But while the tech giant’s Reality Labs segment, responsible for the metaverse and other longshot bets, has...
December 13, 2024
Meta has unveiled a foundation model for controlling the behavior of virtual embodied humanoid agents, saying it will enhance the Metaverse. The new Meta Motivo enables these agents to learn human-like movements and perform complex tasks, the company said in a Thursday (Dec. 12) blog post. Meta Motivo also adjusts to gravity, wind and other changes in […]
August 27, 2024
Meta said Tuesday (Aug. 27) that it will shut down Meta Spark, its platform offering third-party tools and content, on Jan. 14. When the platform is shut down, the augmented...
August 23, 2024
Meta has reportedly ended its work on developing a premium mixed-reality headset after seeing Apple struggle to sell its own pricey offering in that category. After planning to add a...
August 07, 2024
The metaverse may not be living up to the lofty promises that captured the attention of enthusiasts. The metaverse, an interconnected system of digital worlds built on blockchain technology and...
