Development: Where is the Metaverse?

When Meta, formerly known as Facebook, diverted its metaverse ambitions in March 2023 to focus on artificial intelligence (AI), it raised the question of what is the future of the virtual platform.
 
The metaverse is still growing, with its biggest players developing it and utilising newer technologies like AI itself.
 
“It’s like comparing [Meta’s move with] Microsoft being huge into AI [and so, asking if the latter will] actually pivot from their fundamental software offerings,” says Jason Low, CEO of local metaverse developer Virtualtech Frontier.
 
Tech players view the rise of AI not as the death of the metaverse but rather as a pivotal development in its early stages.
 
Aditya Singh, senior manager at Kiya.ai — an Indian digital solutions provider — says, “The metaverse is currently in its infancy, characterised by rapid evolution and fluctuations in expectations. While it may experience periods of hype and subsequent adjustments, it’s crucial to highlight that the metaverse is still in its early stages with significant untapped potential”.


Source: The Edge Malaysia