Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has finally come due. After roughly $70 billion in cumulative losses tied to virtual ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

Share on Facebook (opens in a new window) Share on X (opens in a new window) Share on Reddit (opens in a new window) Share on Hacker News (opens in a new window) Share on Flipboard (opens in a new ...

Meta Platforms (META) is preparing to cut metaverse investments by up to 30% in 2026 after Reality Labs lost $60B since 2020. Meta froze AI division hiring in August amid restructuring despite ...

X METAVERSE PRO already has 500,000 registered users worldwide, and its extensive user base and industry experience make it a trusted platform. The social trading and knowledge-sharing community ...

Horizon Worlds is now going to be a platform that’s ‘almost exclusively mobile.’ ...

Remember the metaverse? It was just a couple of years ago when it seemed as if every technology, media and entertainment company was scrambling to adapt to a future in which regular people would live ...

The metaverse has entered its flop era as tech companies switch their focus to artificial intelligence. That’s forced venture capitalist Matthew Ball to course correct too, by slapping a new title on ...

NetVRk, a cross-platform metaverse focused on AI and GameFi, on Tuesday announced the launch of the alpha version of its AI-powered metaverse. This release integrates advanced language models and ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...