Saudi Arabia, through its Public Investment Fund, has injected $590 million into virtual reality (VR) headsets, putting pressure on Apple’s Vision Pro. The investment was made into Magic Leap, a US company that makes headgear “that overlays virtual images into
In a blog post, Valve announced a new AI policy that will allow developers to publish games with AI-generated content on Steam after filling out a disclosure form. According to Valve, the form includes an ‘AI disclosure section’ where developers
OpenAI raked in more than $1.6 billion in revenue in 2023, up over 20% from $1.3 billion in October, according to a report from The Information, which cited people with knowledge of the figure. Much of the revenue is driven
Nvidia’s shares experienced a 1% drop in extended trading on Tuesday despite reporting fiscal third-quarter results that significantly exceeded Wall Street predictions. This decline in Nvidia’s stock reflects investor apprehension about the potential impact of upcoming export restrictions on sales
South Africa’s hopes of becoming a metaverse hub remain alive as devices such as Apple’s Vision Pro are expected to drive metaverse platforms as virtual reality becomes mainstream. Contrary to the view that the metaverse is dead or dying, there
In an unforeseen setback for Bandai Namco’s latest venture, Gundam Metaverse, a significant security breach has forced the gaming giant to suspend downloads temporarily. The leaked, unencrypted CAD files showcasing designs for anticipated Gundam models are central to this crisis.
As generative AI continues to gain support, Amazon has stepped in with policies on bot-authored books, which have created a headache for the e-commerce firm after they flooded its platform. Generative AI’s ability to produce prose, poems, lyrics, images, audio, and
The United States Securities and Exchange Commission (SEC) recently moved significantly in the crypto space, announcing an agreement with crypto trading platform Bittrex and its co-founder and former CEO, William Shihara. The SEC accused Bittrex and Shihara of operating an
The metaverse sector continues to perform well and needs talented people to fuel its growth with roles paying upwards of $200,000 annually. MetaNews takes a look at some of the most exciting positions in the sector at its best and
Effective October 3, Revolut, a leading fintech firm headquartered in the UK, will cease all cryptocurrency-related services for its clientele in the United States. The decision comes in response to the escalating intricacy and unclear nature of the US regulatory landscape
TikTok, a China-owned social media company has consistently faced criticism for disseminating the state’s propaganda. The latest report accuses the platform of deceiving millions of Europeans through Chinese state propaganda outlets, focusing on subjects such as COVID-19 and tourism in
A trending video showcasing Massachusetts Representative Stephen Lynch’s unwavering support for the U.S. Securities and Exchange Commission (SEC) has sparked controversy within the crypto community. Lynch defended the SEC’s actions against Ripple Labs Inc., suggesting that the regulatory body had
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