Finland joins the race for metaverse supremacy and has released a strategy paper to guide the country in its quest to become a global leader in the metaverse industry within the next decade. The strategy also outlines the country’s aspirations
Integrating metaverse infrastructures in urban environments redefines how citizens interact with city services, experience urban landscapes, and contribute to the economy. Seoul, Dubai, and Santa Monica are actively exploring the use of virtual platforms within their urban frameworks. These platforms
The European Union is actively moving to establish its presence in the evolving metaverse sector. This effort is directed towards decreasing its reliance on technological resources from non-EU countries and creating a supportive landscape for EU businesses. This strategic direction,
At the India Mobile Congress 2023 in New Delhi, Nokia stood at the forefront of technological innovation, introducing a suite of groundbreaking 6G and 5G technologies. The telecommunications leader demonstrated a new radar-like 6G sensing technology, a high-tech private wireless
ByteDance, the parent company of social media juggernaut TikTok, has vehemently dismissed rumors suggesting the potential shutdown of its VR enterprise, Pico. With Pico headsets dominating 58% of the VR market in China, ByteDance’s affirmation comes at a pivotal time,
Tech billionaire and Twitter owner Elon Musk has finally launched his AI startup known as xAI, in a move seen to compete with OpenAI’s ChatGPT. Musk has been critical of AI and its potential harm to humanity, even though he
The metaverse gaming market is estimated to encompass $22.7 billion in 2023 and projected to reach $119.2 billion by 2028, according to a recent report from ReportLinker. The metaverse has been a hot cake in the tech industry in recent
Anticipation is mounting as Apple gears up for the imminent release of its highly anticipated mixed-reality headset. With this development, experts and industry insiders are busy speculating whether the native tokens of metaverse platforms are poised to experience a significant
Mark Zuckerberg may have popularized the term “metaverse”, but the Meta founder and CEO may no longer be pitching the metaverse to users and advertisers with the same enthusiasm as he did before. Or so it seems. Lately, Meta has
Chinese technology giant Tencent Holdings is reportedly culling staff at its extended reality (XR) unit and folding plans for virtual reality (VR) hardware. It joins a host of Big Tech to have cut, or abandoned, spending on the metaverse as
Microsoft CEO Satya Nadella talked up the metaverse as “game changing” at the just ended Word Economic Forum (WEF). He spoke as the U.S. tech giant shut down its virtual reality (VR) metaverse AltspaceVR, in a company-wide purge that will
While those who expected the Metaverse industry to boom in 2022 may be cutting their losses. One area of the nascent space with significant adoption in the concluded year was military training. Several synthetic training programs have emerged, enabling military
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