Ashish Ranjan
Metaverse is dead! Mark Zuckerberg has decided to discreetly bury his ambitious project and focus on artificial intelligence instead (AI). In 2021, Zuckerberg renamed his company, formerly Facebook, Instagram, and WhatsApp, to Meta Platforms to reflect this transition in emphasis. Here is all the information you need about the decision.
Why was no formal announcement made?
It appears that Zuckerberg is attempting to avoid admitting he was incorrect about the metaverse. “There will be no press release or major announcement because he must admit he was mistaken “a statement made by the Street in an article.
Nevertheless, it demonstrates the immense potential of AI to revolutionise technology for consumers and enterprises. AI-powered chatbots can perform repetitive tasks efficiently, and AI-powered search engines such as ChatGPT can provide human-like responses to queries.
What will Meta’s current principal focus be?
Short-term, Meta will concentrate on developing creative and expressive tools for AI, while long-term, they intend to create AI personas that can assist people in a variety of ways. This new emphasis on AI may reduce Reality Labs’ losses and provide the company with new opportunities.
Zuckerberg wrote on Facebook on February 27: “We’re creating a new executive-level product group at Meta that will concentrate on generative AI to accelerate our work in this area.”
“We’re beginning by consolidating many of the teams working on generative AI across the company into a single group tasked with creating appealing experiences around this technology…
He wrote, “On the medium term, we will concentrate on developing creative and expressive tools.” Long-term, we will concentrate on developing AI personas that can assist people in a variety of methods.
In 2021 and 2022, Reality Labs, the division in charge of the metaverse initiatives, incurred a cumulative loss of nearly $24 billion, which likely influenced Zuckerberg’s decision to shift the company’s focus.
What does the future hold for the metaverse?
As Meta continues to develop vestiges of the virtual world, such as headsets, the metaverse will likely be tailored to specific audiences, such as gamers and the cryptocurrency community. Zuckerberg’s decision to transfer the company’s focus to AI may save him from public humiliation, but it also demonstrates the revolutionary potential of AI in the tech industry.
