China has reportedly acquired minority stakes in the country’s big tech firms Tencent Holdings and Alibaba Group as it plans to tighten its oversight on online content. This comes after the government previously snapped up shares from TikTok’s owner ByteDance.
Immersive experiences have been on a major increase as technological improvements continued soaring since the beginning of the last decade. Companies have scrambled to make their mark in the virtual world. The Covid-19 pandemic helped speed up improvements to some
As the virtual world expands and more investments are put into technologies like the metaverse, it makes sense to develop better controllers like HaptX that enhance the ‘feel’ while interacting within a virtual world. HaptX gloves are a cutting-edge technology that
Abu Dhabi-based Venom Foundation announced on Tuesday the launch of a $1 billion venture capital fund aimed at investing in blockchain start-ups including web3 decentralized applications, or dApps, and metaverse projects. Venom Ventures Fund said it will prioritize projects “focused
Microsoft co-founder Bill Gates said artificial intelligence (AI) is revolutionary, but in sharp contrast Gates was lukewarm on Web3 and the metaverse in his annual Ask Me Anything (AMA) session. Gates logged on Wednesday for the 11th session of his
Apple is projected to release its long awaited extended reality (XR) headset sometime in 2023, which is expected to be their biggest reveal this year. According to Bloomberg, the new AR headset will come equipped with its own operating system,
The European Commission’s move to make traffic intensive online platforms to contribute to the cost of digital infrastructure will include the rise in data volumes used by the metaverse and virtual platforms. This initiative seeks to address a long-standing grievance
Apple is ready to launch its first mixed reality headset after years of development, as the tech giant follows Mark Zuckerberg into the metaverse. Bloomberg reports Apple has been working on the project for years, with plans to launch a
Irish data protection watchdog – Data Protection Commission (DPC) has fined Meta €390M ($413M) over use of data targeted for advertisements in latest crackdown on privacy. Also read: GPTZero Claims to Detect Chatbot Content This follows conclusion of two enquiries
Amazon and Apple were the biggest losers of market cap in 2022, in what seemed a bad year for big tech stocks as concerns grew over potential recession, diluting consumer demand. Also read: What Is a Prompter? Super Prompts Explained
TikTok has diluted the dominance of the two largest online advertising platforms – Google and Meta, as the incumbents no longer rake in the majority of U.S. advertising money. Insiders in the industry expect the trend to continue in the
The video games regulator in China has given a nod for release of 44 foreign video games as the country’s tough stance on the gaming industry starts to thaw. Since August 2021, China has been rigid on the gaming industry. The
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