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Social media goes sci-fi with Zuckerberg’s proposal for ‘Facebook Metaverse’

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Facebook CEO Mark Zuckerberg says he plans to transform the social media platform into a “Metaverse” in the next five years

Facebook’s Mark Zuckerberg recently said that he wants the social media giant to become an ‘online Metaverse’. It’s “an embodied internet where instead of just viewing content, you are in it,” he said.

The Facebook CEO told The Verge people shouldn’t live through “small, glowing rectangles.”

“That’s not really how people are made to interact,” he added. “That’s not how we process things.”

Cathy Hackl - CEO's Guide to the Metaverse (@CathyHackl) | Twitter

What is the Metaverse?

A metaverse is an digital world where you can game, work and communicate virtually, usually through a VR headset

“You feel present with other people as if you were in other places, having different experiences that you couldn’t necessarily do on a 2D app or webpage, like dancing, for example, or different types of fitness,” he said.

Zuckerberg says that Facebook is also working on the ‘Infinite Office’ – a feature that will allow users to design a workplace using VR.

“In the future, instead of just doing this over a phone call, you’ll be able to sit as a hologram on my couch, or I’ll be able to sit as a hologram on your couch, and it’ll actually feel like we’re in the same place, even if we’re in different states or hundreds of miles apart,” he said. “I think that is really powerful.”

The future of creation and play in the Metaverse | VentureBeat

Facebook invests in Oculus, betting on the future of VR

Facebook has continued to invest in VR products, recently spending over $2 billion on Oculus. This comes two years after Oculus launched its invitation-only Facebook Horizon. Using the software, users can use a headset to chat in a virtual space with an avatar.

Although Zuckerberg admitted the current VR headsets are “a bit clunky”, he promised improvements are in the works.

He says Facebook’s Metaverse will be “accessible across… different computing platforms” including VR, AR, PC, mobile devices and games consoles.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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