Metaverse

Zuckerberg SLASHES metaverse: 30% Reality Labs cuts, mass layoffs loom in January! After $70B losses since 2021, Meta axes Horizon Worlds & Quest VR budgets—shifting billions to AI (Llama, Meta AI, Ray-Ban smart glasses). Leaky bucket finally bursts as Zuck hires Apple's top designer for AI wearables. Investors cheer: stock +6%! Is the metaverse dream dead? Pivot or flop?

According to a report by BBC, Interpol has developed its own virtual reality space to help users train and attend virtual meetings. Interpol secretary general Jurgen Stock believes that it was really crucial for the agency to not be left behind as the criminals are sophisticated and professional, quickly adapting to any new technological tool available to commit crime.

Recently, Microsoft revealed in its blog post that the company is shutting its VR facility for good. AltspaceVR, the VR platform of Microsoft will cease to exist from March 12, 2023, as per the company.

According to Adam Mosseri, Head of Instagram, the new tools will help creators increase the number of people their Reels reach and monetise content. The new features include the ability to add an “Add Yours” sticker to reels, creator studio insights, Stars on Facebook Reels and more.

A new survey says more people want to buy travel experiences, attend sporting events and even pick digital clothes for their avatars in the metaverse

Companies developing apps and platforms on Web 3 will require blockchain developers, machine learning specialists, app developers.

According to Facebook owner Meta, technology that merges the virtual and physical worlds could start to become a reality in a few years

Raja Koduri says that Intel does have ‘building blocks’ for the metaverse