Tech

Meta’s metaverse investment fails to halt VR decline

Published

12 months ago

December 20, 2023

ticker NEWS

Meta’s lavish spending in the metaverse isn’t enough to stave off the ongoing contraction of the virtual reality market.

Despite pouring billions of dollars into their ambitious metaverse project, VR’s popularity continues to dwindle.

Experts had high hopes for Meta’s metaverse initiative, believing it would rejuvenate the VR industry. However, recent data shows that VR headset sales have declined for the third consecutive quarter. This begs the question: Can Meta’s massive investments truly reverse the tide?

While Meta remains dedicated to building a metaverse that integrates VR, AR, and social experiences, consumers seem less enthusiastic about traditional VR. Is the future of VR inextricably tied to the metaverse, or are there alternative paths for its resurgence?

Meta’s CEO, Mark Zuckerberg, remains undeterred, pledging even more funds to develop the metaverse. But as VR loses its appeal to mainstream consumers, will these investments be enough to keep the metaverse dream alive?

As the VR market continues to shrink, one thing is clear: Meta’s deep pockets alone may not be sufficient to prevent the decline. It’s a critical juncture for the tech giant as it strives to redefine the future of virtual experiences.

Leaders

AI and data sovereignty set to lead business innovations in 2025

Published

4 days ago

December 6, 2024

ticker NEWS

As businesses embrace cutting-edge tech, challenges like data sovereignty and AI are taking centre stage.

Over the past six months, the AI industry has seen significant advancements, with competing models such as Meta’s Luma and Google’s Gemini entering the market.

However, these developments come with a reality check. Building large language models (LLMs) requires substantial computing power and time, making immediate returns on investment unlikely.

One promising innovation is agentic AI, a step beyond generative AI, which enables proactive, automated solutions.

For instance, this technology could stabilise IT systems autonomously, diagnosing and resolving issues without human intervention.

Data sovereignty has also emerged as a key focus, with increasing emphasis on keeping data within national borders to comply with local laws. This has driven the adoption of sovereign clouds and private data centres, ensuring secure and localised data processing for AI development.

Deepak Ajmani, Vice President of ANZ & APAC Emerging Markets at Confluent, joins to discuss the evolving business landscape.

Shows

Copilot redefines the modern workday

Published

5 days ago

December 5, 2024

ticker NEWS

Unlocking efficiency and customer success with AI-powered tools

The Tech Edge is a captivating business IT talk show delving into the latest industry trends and their significance in today’s landscape.

In this episode, Mike delves into the transformative power of Microsoft 365 Co-Pilot with Laura Morales, Customer Success Manager at AvePoint.

Shows

Organisations overcome challenges in AI implementation

Published

5 days ago

December 5, 2024

ticker NEWS

Key lessons and tips for seamless Copilot adoption

In this episode, Kate Faarland, the Senior Vice President of Data and AI Programs at AvePoint, discusses the importance of AvePoint’s data and AI program, internal challenges with implementing CoPilot, and the organisation’s learnings from rolling out CoPilot for their workforce.