New York-based financial services group BlackRock has launched a thematic equity fund aimed at tech companies molding the development of the metaverse. The fund is linked to Morningstar Global Metaverse & Virtual Interaction Select Index, which selects constituents from a
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
Where will we see more funding? So yet, funding for metaverse-related areas has only been a start. To develop out the metaverse, there will need to be investment in a variety of other areas. Jed Strong, CEO of gaming payments
Despite impressive quarterly results, Meta’s AI spending binge has hurt investor sentiment. After reporting a solid result, the company’s shares started to decline. According to the Financial Times, investor sentiment suffered when the company increased its capital expenditure guidance. Also
Meta, a leader in mixed-reality hardware, is now showing off its capabilities in VR software. To promote AR/VR services and apps, Meta Platforms announced that it would make its Quest headset operating system available to outside hardware manufacturers. Also read:
Google Nigeria has begun providing Artificial Intelligence (AI) training to journalists. With a commitment to inclusivity, Google Nigeria hosted its first Artificial Intelligence (AI) training in Lagos, ensuring that 25 female journalists, all esteemed members of the Nigeria Association of
Models and influencers made using AI will next month go head-to-head for the title of ‘Miss AI’ in what organizers have dubbed the ‘world’s first’ artifical intelligence beauty pageant. Contestants will be judged based on their beauty, poise, clout, as
The Elder Scrolls Online creative director Matt Firor says the metaverse is nothing new and people should stop pretending it’s an innovation. According to him, the gamers have been participating in connected virtual worlds for decades. Firor says the current
Meta is integrating its upcoming next generation AI model Llama 3 into virtual assistant – MetaAI in its Ray Ban smart glasses to enhance performance. This will enable the smart glass to handle more complex tasks and respond more naturally
Early adopters of Apple mixed reality headsets are complaining that the gadget is literally a “pain in the neck,” although they still love them. Some users have indicated how the headset is not comfortable, causing headaches, backaches, neck pain, and
According to Technavio, the size of the global metaverse market is expected to increase by USD 1152.35 billion between 2023 and 2027. During the forecast period, the market is anticipated to grow at a CAGR of 40.06%. It is anticipated
Somnia Network, a layer one (L1) blockchain on Ethereum that connects metaverses, says it is looking to boost scalability and speed in virtual worlds following its launch on Wednesday. The platform is a project under the independent non-profit Virtual Society
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