U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.

 
#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto

China is looking to invest in the metaverse market as numerous cities rollout policy proposals.

 
Technology continues to change our lives forever.

As new advancements are released to the public—safety continues to be a major concern.

People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.

While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.

Analysts say it’s the next evolution in social connection and the successor to the mobile internet.

According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.

China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.

This comes after tense year of regulatory scrutiny on the countries tech sector.

The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.

The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.

So, is the metaverse taking the world by storm?

Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech

Artificial intelligence is fuelling concern as deepfakes emerge and challenge the truth

 
A U.S. House Intelligence Committee warned of the impact deepfakes may have on American society and democracy in 2019.

At the hearing, California Democrat Adam Schiff showed an artificially-generated clip spoofing Senator Elizabeth Warren.

Lawmakers called on social media platforms and companies to take the threat of deepfakes seriously.

More recently, a democracy-distorting video was posted online showing Kemal Kilicdaroglu, the main contender in the Türkiye election, speaking perfect English.

The deepfake phenomenon is fuelling an arms race between fake content creators and those seeking to moderate it.