Search results for "Metaverse"

FCC probs Meta’s acquisition of VR startup, Supernatural

The U.S. Federal Trade Commission will launch a thorough examination into Meta’s scheme to acquire the famous Virtual Reality (VR) fitness platform Supernatural, according to The Information. The investigation highlights only one aspect: antitrust watchdogs have officially initiated their scrutiny on Meta – formerly known as Facebook – for its heavy investments into its latest […]

Meta’s co-founder of Diem Project, David Marcus to depart company

Top cryptocurrency executive at Meta Platforms Inc., David Marcus, publicized on Tuesday his departure from Meta’s Diem Project after seven years of service to pursue different entrepreneurial projects. Marcus joined Facebook’s team in 2014 to supervise the networking platform’s Messenger division. Then, in December 2017, he was reshuffled to take charge of the giant’s cryptocurrency […]

New Twitter CEO steps from behind the scenes to high profile

Newly named Twitter CEO Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs. But his prior lack of name recognition coupled with a solid technical background appears to be what some big company backers were looking for to lead Twitter out of its current […]

HaptX accuses Meta of identical patent for “Haptic Glove”

Haptic gloves company “HaptX” is alleging that Meta has emulated its design in its latest uncovering for the Haptic Glove in Wednesday’s reveal, stating it appears “to be substantially identical” to its patents. Virtual Reality (VR) and Augmented Reality (AR) haptic glove pioneer HaptX pointed fingers at Meta – formerly known as Facebook – stating […]

Augmented reality project brings Olympics birthplace to life

What would it be like to walk around the ancient religious sanctuary of Olympia when the Olympic Games were held? An unusual partnership between Microsoft and Greece’s Ministry of Culture and Sport is offering visitors the answer, launching an immersive tour Wednesday at one of the world’s major archaeological sites. The program at ancient Olympia […]

Europe bolsters pioneering tech rules with help from Haugen

European lawmakers have pioneered efforts to rein in big technology companies and are working to strengthen those rules, putting them ahead of the United States and other parts of world that have been slower to regulate Facebook and other social media giants facing increasing blowback over misinformation and other harmful content that can proliferate on […]

Facebook to shut down face-recognition system, delete data

Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments, police and others. “This change will represent one of the largest shifts in facial recognition usage in the technology’s history,” Jerome Pesenti, vice president of […]

In the middle of a crisis, Facebook Inc. renames itself Meta

Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc., or Meta for short, to reflect what CEO Mark Zuckerberg said Thursday is its commitment to developing the new surround-yourself technology known as the ” metaverse.” But the social network itself will still […]

Facebook to refurbish its image with a rebrand

Facebook announced on Tuesday plans to rebrand its image by changing its name to mirror the tech giant’s recent emphasis on creating its metaverse, according to The Verge.  Mark Zuckerberg is planning to change the social networking company’s name, with the new label will be announced next week at the company’s annual Connect conference on October […]