Part of the Metaverse project
Facebook's parent company Meta is reportedly in discussions with augmented reality start-up Magic Leap to establish a multiyear agreement for intellectual property licensing and contract manufacturing in North America.
Although you would not know it
A study commissioned by Meta has found that the metaverse could contribute around 2.4 per cent to U.S. annual GDP by 2035, equating to as much as $760 billion. However, while it is likely that Meta hoped that would be the headline, it seems to need to remember a much earlier report which said that metalife would be much better sooner.
Died before it even got off the ground
Retail companies and brands are walking away from their much-hyped Metaverse plans before they even started.
Was not the big bang everyone hoped for
As we have predicted, Mark Zuckerberg’s hopes that the “metaverse” will be a big thing are being dashed.
While Meta is all excited about its Metaverse, the concept is being greeted with a loud sounding yawn by punters who are failing to get excited about a new way of handing over their personal data to Facebook.
Microsoft's Xbox boss dismisses the hype
Microsoft exec Phil Spencer (pictured) has said that Facebook's Metaverse was just a poorly constructed video game and too dull for him to be bothered with.
Metaverse not so much
The company which invented the reality distortion field and the rounded rectangle does not believe in the metaverse, but sees the world moving towards VR.
Software-as-a-service is getting everywhere
Nvidia has become the latest company to start prepaing for the metaverse with a newly-announced Omniverse Cloud and jumping on the bandwagon of every other software company which does not want users to own their own software.
Need huge improvements
Meta has warned that the ultimate "metaverse" won't be possible unless the phone companies do not pull their fingers out.