The Metaverse market has been growing really high as there is a considerable rate of penetration of users for many such applications like content creation, gaming, learning, social interaction, training, and virtual shopping. In 2021, Facebook has announced to invest of US$10 Billion in building metaverse and changed the company’s name to Meta. The platform would allow users to communicate with friends, families, or colleagues using their digital avatars. Experts have anticipated that the metaverse will penetrate through many market spaces and industries as there will be a build-up of industries in the future. The revenue will be increasing incessantly. Meta was the first to take the initiative but nowadays, experts think that Meta will ruin the metaverse for everyone.
Facebook says it wants to help fix misinformation running rampant across the internet — a problem it may have helped create in the first place.
Facebook parent Meta announced a new AI-powered tool on Monday, called Sphere. It’s intended to help detect and address misinformation, or “fake news”, on the internet. Meta claims that it’s “the first [AI] model capable of automatically scanning hundreds of thousands of citations at once to check whether they truly support the corresponding claims.”
The metaverse is looking less and less exciting all the time with brands hosting bizarre events nobody wants to attend, but the slew of companies bringing VR realities to life certainly isn’t failing for a lack of trying. In fact, employees at Facebook say founder and company head Mark Zuckerberg is obsessed.
“the only thing Mark wants to talk about,” an anonymous former director-level employee told Business Insider in a report published in April 2022.
According to the report, Zuckerberg is focused solely on metaverse content creation but says the project will take a decade or more to complete, likely requiring improvements to the Oculus Quest 2, also called Meta Quest 2 since Facebook purchased Oculus and later changed its name. Despite the project’s scope, Zuckerberg isn’t giving employees a clear strategy, but he still wants to inform every department company-wide about the pivot to focusing on the metaverse.