Results for: Metaverse

Blockchain Land, a cutting-edge initiative from Chainsense, is democratizing access to the metaverse. With its no-code platform and comprehensive tools, businesses and individuals can create and manage their own virtual worlds without exorbitant costs. This game-changing solution empowers users to seamlessly integrate with blockchain networks, launch metaverse projects, and engage with a global community. Blockchain Land’s commitment to user-friendliness, flexibility, and interoperability is transforming the metaverse landscape, making it accessible to all.

At the 6th National Housekeeping Convention and 9th PHA Anniversary in Bangalore, technology took center stage. This year’s theme, ‘Technology-enabled Housekeeping,’ explored the transformative impact of Augmented Reality (AR), Virtual Reality (VR), Artificial Intelligence (AI), Machine Learning (ML), the Metaverse, and digital processes in housekeeping management and operations. Notable speakers included PHA founding President and Chairperson Ms. Jayashree Nagaraj, Group CEO of Kamalya Group and Clarks Exotica Convention Resort & Spa Mr. Balaji M, Corporate Executive Housekeeper and Director of Rooms at The Leela Hotel Conventions Residences Ms. Smita Rathod, and founder and CEO of i2i Softwares Mr. Venkatesh Subramani. During the ‘Immaculate Innovations’ session, industry experts showcased pioneering initiatives and best practices, and research papers on AI-driven housekeeping were presented, paving the way for future advancements.

Meta CEO Mark Zuckerberg has emphasized the potential of generative AI and the metaverse, while cautioning investors about the long-term nature of these investments. Despite strong profitability, Meta anticipates a revenue growth slowdown as it ramps up its AI and metaverse initiatives. Zuckerberg drew parallels between generative AI development and successful feature rollouts like Stories and Reels, highlighting the significant long-term potential. Meta’s AI assistant has gained significant traction, and the company envisions various monetization avenues for it in the future, including business messaging, AI-integrated ads, and premium features.

Meta Platforms, the parent company of Facebook, reported strong first quarter earnings that surpassed market expectations. However, its shares plunged 15% in after-hours trading due to weaker-than-expected revenue guidance and increased spending on artificial intelligence (AI). The company’s revenue came in at $36.46 billion, representing a 27% increase year-over-year, while its earnings per share were $4.71, beating estimates. Meta’s advertising revenue remained a primary driver for sales, growing 27% to $35.64 billion. However, its Metaverse division, Reality Labs, continued to operate at a loss of $3.85 billion. For the second quarter, Meta provided weaker-than-anticipated revenue guidance, with an expected range between $36.5 and $39 billion, falling short of analysts’ forecasts. The company plans to increase its spending on AI projects and data center infrastructure, with its full-year 2024 capital expenditures estimated to be in the range of $35 billion to $40 billion. Meta’s CEO, Mark Zuckerberg, emphasized the company’s renewed focus on AI development and its ambition to compete with rivals like Microsoft and Alphabet in the AI race. The company’s recent launch of its Meta AI platform and its partnership with hardware companies for its AR headsets are seen as significant steps in this direction.

Meta Platforms (formerly Facebook) reported mixed financial results for the first quarter, raising concerns about its heavy investments in futuristic technologies. While revenue exceeded expectations, the company’s outlook for the second quarter and increased spending estimates sent its stock plummeting. Meta’s ambitious bets on AI, the Metaverse, and other cutting-edge projects have yet to deliver significant returns for investors.

Despite initial setbacks and ongoing financial losses, Facebook’s parent company Meta is continuing to invest in its metaverse project. The company’s Reality Labs division recently posted a $3.8 billion loss, but these losses have decreased compared to previous quarters. Zuckerberg remains optimistic about the metaverse’s potential, stating that progress is being made towards fulfilling his long-term vision.

Meta Platforms (NASDAQ: META), the parent company of Facebook, Instagram, and WhatsApp, will report its first-quarter earnings after the market closes today. Analysts expect the social media giant to deliver strong results, with revenue projected to reach $36.223 billion, a 26.5% year-over-year increase, and earnings per share to jump from $2.20 to $4.36. However, uncertainties remain around the company’s Metaverse project and the upcoming US Presidential election.

Donald Mustard, the former mastermind behind Fortnite, recently shared his thoughts in an interview with Stephen Totilo’s Game File newsletter. Mustard expressed his disappointment with the decline of Fortnite’s large-scale live events, such as rocket launches and Travis Scott concerts. He believed these events showcased the game’s unique magic and fostered a sense of community among players. However, Mustard’s vision differed from Epic Games CEO Tim Sweeney’s, who envisioned a fragmented metaverse with separate ‘worlds’ for different brands and characters. This shift in focus resulted in the creation of game modes like LEGO Fortnite and Fortnite Festival, which have generally attracted fewer players than the battle royale mode. The interview has sparked discussions within the Fortnite community, with many players expressing a sense of nostalgia for Mustard’s era and lamenting the loss of the game’s former spark.

Meta announced that it is opening up its Meta Horizon OS to third-party hardware manufacturers, allowing companies like Lenovo, Microsoft, and Asus to build their own VR headsets powered by Meta’s operating system. This move is aimed at creating a larger ecosystem for developers and providing consumers with more choices in the metaverse.

Meta has announced a new era for mixed reality (MR) with the introduction of Meta Horizon OS, a newly renamed operating system that will bring Quest and Rift OS to new, more specialized devices. Meta is also allowing third-party developers to use its operating system, which could make it the go-to platform for VR and AR devices. ASUS, Lenovo, and Microsoft are among the companies that have already announced plans to work with Meta on new MR devices.