Can there be multiple metaverses? How many metaverses exist out there? Is it a single metaverse that combines many universes? As always, to answer any of these questions, we first have to get out definitions straight. Defining the Metaverse Everyone and their dog have a slightly different definition for the Metaverse, but it’s safe to […]
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Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 4.6 percent in extended trading. The company said it expects third-quarter revenue to fall to […]
Big tech companies agreed on Monday to reduce harmful online content in New Zealand, making a move that critics said dodged the alternative of government regulation. Meta Platforms Inc, Alphabet-owned Google, TikTok, Amazon.com Inc and Twitter had signed a code of practice, said Netsafe, a government-funded internet-safety group. The companies would follow the code as […]
The potential effects of new information and communication technologies (ICTs) on democratic processes have resulted from the exponential growth of the Internet. Taking into consideration the complexities of democratic administration and the historical ramifications of the digital era, the debate’s scope concerning the impact of technology in politics is astonishing. What is the Impact of […]
As a virtual world, the Metaverse is bound to witness such inappropriate occurrences. Again, I need to highlight this one more time; the issue is not really the Metaverse here; it is more the people using it and the companies developing it and their inability to protect their users. Sexual abuse in the Metaverse cannot […]
Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30 percent this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in […]
China’s Tencent Holdings announced to its staff on Monday the official formation of an “extended reality” (XR) unit, three people familiar with the matter said, formally placing its bets on the metaverse concept of virtual worlds. The unit is tasked with building up the extended reality business for Tencent including both software and hardware, the […]
Meta, Alphabet unit Google, Twitter and Microsoft agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so. More than 30 signatories including advertising bodies have committed to the updated Code of Practice on disinformation, the […]
Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices. Xiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement officials, drawing public rebuttals from the agency and words of support from China. […]
No one yet knows what exactly the Metaverse will look like. Large companies are pouring not millions but billions of investment money to stake their claim on the Metaverse before it fully materializes, Among the tech giants most invested in the Metaverse, Qualcomm. Meta, formerly Facebook, has sunk over $3 billion “laying the groundwork” for […]