VentureBeat May 28, 2023
Fueled by the promise of a dynamic remote interactive environment, the advent of the metaverse was seen as a turning point for the technological world. However, just as quickly as it became the talk of the town, it began to face serious criticism and backlash. Now people appear to be losing interest quickly. Mark Zuckerberg, who re-introduced the concept of the metaverse, has even stopped pitching it to advertisers.
In the last financial quarter alone, Meta’s Reality Labs division, responsible for VR and the metaverse, recorded an operating loss of $4.279 billion. Meta is now focused on building LLaMA, their large language model (LLM) competitor of ChatGPT and Bard. It seems that the rise of generative AI could slowly but...
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