Meta Platforms Inc on Wednesday compared searches by EU antitrust regulators to a fishing super trawler as watchdogs investigate the owner of Facebook’s data and online marketplace. Meta says it has already handed over more than a million documents to the European Commission since its first request in 2019 regarding its Facebook Marketplace, social networking […]
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Facebook parent Meta Platforms Inc will use Broadcom Inc’s custom chips to build its metaverse hardware, becoming the chipmaker’s next billion-dollar ASIC customer, analysts at J.P. Morgan said on Tuesday. ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its deals with Meta and […]
While the entertainment sector of the Metaverse might not be very robust or brimming with fun content just yet, the industrial sector might see some metaverse technology adoption very soon. In an announcement by Microsoft, Kawasaki has signed on as a new customer for the company’s “industrial metaverse.” That is, factory employees wearing a HoloLens […]
Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. While the concept is […]
The word “metaverse” is the most popular in the worldwide tech market today. Big tech companies worldwide are racing for a piece of the virtual pie that analysts expect will be worth trillions. Companies Developing the Metaverse are concentrating on creating new technologies and features that will allow users to communicate with one another more […]
According to a report by Citi GPS, the Metaverse will be worth 8 to 13 trillion dollars, but a major infrastructure investment by tech companies is needed in order to reach this market potential. The entire addressable market for the Metaverse is estimated to be between $8 and $13 trillion, according to Citi’s latest Global […]
The world as we know it is being altered in the way humanity functions in ways we could not have fathomed ten years ago, and the Covid-19 pandemic played a critical role in altering the path the world is marching on. A new technological wave emerged in the past three years, and various tech companies […]
By now you probably know, at least vaguely, what the Metaverse refers to. A persistent 3D world of 3D worlds interconnected via the internet, verified and established on the blockchain. Interacting on the blockchain means your identity is singular, unique, and unchangeable, except by you. So, in this virtual world, you will, of course, need […]
Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy’s contraction in the first quarter. The Facebook parent surged 17.6 percent after the social network reported a larger-than-expected profit and rebounded from a drop in users. […]
Alphabet unit Google, Meta and other large online platforms will have to do more to tackle illegal content or risk hefty fines under new internet rules agreed between European Union countries and EU lawmakers on Saturday. The agreement came after more than 16 hours of negotiations. The Digital Services Act (DSA) is the second prong […]