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BlockNews
Home BUSINESS

Meta Pivots to AI, Leaving Metaverse Hype Behind for Business Growth

Michael Juanico by Michael Juanico
March 6, 2024
in BUSINESS, TECHNOLOGY
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  • Meta is shifting its metaverse focus from consumers to enterprise use cases, indicating a move from hype to real-world utility.
  • The initial metaverse excitement has faded as focus shifts to developing practical tools and platforms, with growing enterprise adoption in sectors like architecture and education.
  • Advances in on-device AI will enable more immersive metaverse experiences, while messaging apps are likely to play a key role in bridging physical and virtual worlds.

Meta, formerly known as Facebook, is shifting its metaverse focus from individual consumers to enterprise use cases. This pivot signals a maturation of the metaverse concept from hype to real-world utility.

JUST IN: Meta's latest blog post identifies AI and enterprise education as the company's new focus

Pivoting away from Metaverse

But maintaining its commitment to virtual and mixed reality

— BlockNews.com (@blocknewsdotcom) March 6, 2024

Metaverse Hype Gives Way to Practical Applications

The initial excitement around the metaverse has faded. Now the focus is on developing useful tools and platforms. Meta cites growing enterprise adoption in industries like architecture and education as evidence that the metaverse is finding practical niches.

On-Device AI Will Enable Immersive Experiences

Advances in on-device AI will allow for more immersive metaverse experiences. For example, Meta’s Ray-Ban smart glasses feature AI capabilities that provide users with contextual information about their surroundings. As AI improves, expect to see it integrated into more metaverse hardware.

Messaging Will Bridge Physical and Virtual Worlds

Messaging apps are likely to play a key role in the metaverse. They will enable seamless communication between virtual and physical spaces. Brands are already using messaging to create more personal connections with customers. These trends will accelerate as the metaverse matures.

The metaverse landscape is rapidly evolving. While the hype has faded, real progress is being made, especially on the enterprise side. Key technologies like AI and messaging will enable more immersive and useful metaverse experiences for both consumers and businesses. The next few years promise to be an exciting time in the development of the metaverse.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: AIBusinessFacebookMetametaverse
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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