Things are looking up for Meta, the company formerly known as Facebook. Even in the midst of restructuring and job losses, Meta managed to beat their revenue expectations, reporting year-over-year revenue increase for the first time in three quarters.
Meta’s focus, however, has changed from the original plan of solely engaging in the metaverse- a term for a sort of recursive and self-referential generation of hype. Now, CEO Mark Zuckerberg is adamant that Meta needs to utilize Artificial Intelligence (AI) in tandem with the metaverse.
Despite losing almost 4 billion dollars this quarter, making for a total of 13.7 billion for Meta’s Reality Labs, which combines the efforts of VR and AR projects, Mark insists that AI has a lot to contribute to the metaverse. Zuckerberg noted that there is an AI-centric operating system that can possibly form the basis of the next generation of computing.
At the same time, however, the Quest headsets have made Meta’s metaverse a reality. Half of the daily active users on Meta’s Quest headsets spend more than an hour a day on their device, but the company has not disclosed how many people are actually using their headsets.
Plus, Zuckerberg underlined his commitment to the Metaverse vision, noting that it is a long-term project.
Meta, founded by Mark Zuckerberg, is a multinational technology company specializing in the development of technology solutions. Through the years, Meta has diversified the products and services it offers to the public, such as gaming, blockchain, AI, augmented reality, virtual reality and even its own content streaming platform.
Mark Zuckerberg is the founder and CEO of Meta. He is an American internet entrepreneur and philanthropist known for co-founding Facebook. With his success in Meta, Zuckerberg has emerged as one of the world’s wealthiest people and is listed in Forbes 400 as the 5th richest people in the world. He has been a regular feature in the publication’s annual ranking of the world’s billionaires list since 2007. Zuckerberg has continued to focus on developing products and services to help bring people together which ultimately resulted in him creating the Metaverse vision.
