ย #MetaVerse #Facebook #AI #Technology
Hey everyone! ๐ Remember when everyone was buzzing about the possibilities of the MetaVerse, just like how they were hyping up Facebook back in the day? And now, it seems like all the focus is on AI.
But the question remains: Whatever happened to the MetaVerse? ๐ค
Here are a few thoughts and possible solutions:
– The MetaVerse is still evolving and developing, just like any new technology. It may not be as mainstream as AI right now, but it’s definitely still on the radar.
– Companies like Facebook (now Meta) are investing heavily in the development of the MetaVerse, so it’s definitely not dead in the water.
– The MetaVerse has the potential to revolutionize how we interact with technology and each other, so it’s worth keeping an eye on its progress.
– One possible solution is to stay informed and engaged with the latest news and updates on the MetaVerse, so we can all benefit from its potential.
What are your thoughts on the MetaVerse? Let’s discuss! ๐ฌ #technology #future #discussion
Meta recently restructured its [Reality Labs team](https://www.theverge.com/2024/6/18/24181420/meta-wearables-reality-labs-layoffs) into focusing more on (slightly more successful) wearables and laying people off.
The Metaverse was a solution to a problem that didn’t exist, aside from cryptogrifting. In constrast, AI does have problems it’s indeed solving, just with unexpected consequences.
Nobody wants to strap a TV to their face and some feel disoriented by VR. Its the same reason shy the apple vision pro is not successful
Yeah, the Metaverse was a transparent branding ploy.
And Iโll be honest, AI doesnโt live up to the hype. When my efforts at working with it have been so consistently poor (weโre talking โautogenerating code that is just plain *wrong* about how the frameworks Iโm working with) that I disabled Copilot after 15 minutes of trying to work with it.
AI is great at faking it. It is not good at understanding things.
Remember this thing that is completely unrelated to the other thing? Force a relationship between them in your head to cope with whatever.
memba Metaverse?
memba AI?
memba web3?
memba Blockchain?
memba big data?
memba Hadoop?
it’s all the same idea for probably the past ~20 years: build hype -> make people FOMO in -> relatively few people make out filthy rich -> rest all gets fucked -> move onto the next hype, repeat
fb didnt realize the metaverse exists already, its called multiplayer games.
What happened? The lost an amount of money on the metaverse equivalent to a Fourtune 500’s company market cap. You read that right, they could have bought a company in the F500, and just incorporated it, or used it to make more money. that’s a very large pile of cash to burn.
Second, they were trying to make “fetch” happen. Hype driven development. Not bad if you are asked to implement an LLM at work, but it’s a bad strategy to announce the future of the company is an untested market you are going to make happen. It wasn’t fetch, and it didn’t happen.
Pretty much the Gartner hype cycle. You will hate Gartner. During the rise of the Gartner hype cycle, investors will throw money to companies that invest in that technology. When the hype dies down, they stop throwing money, and sometimes like in the case of The Metaverse, they will lay off the team built around that hype
Facebook has been losing users and engagement is low. Especially in developed countries. Instagram has been covering its slack but they needed something to keep investors happy as the facebook numbers were ugly. Metaverse was a bet to drive up engagement and give investors hope for the future while distracting everyone from the low user engagement on facebook. It didnโt work.ย
The tech industry got so addicted to their “moonshots” succeeding, especially when they were first starting creating web services, they started to treat and fund everything like it was a moonshot regardless of the actual utility behind what they are funding. That’s what happened with VR, it’s a cool tech and there is certainly a niche market for it, but they were funding it like it was the next iPhone or Facebook, it just doesn’t have the broad appeal or low barriers to entry those things have. We are seeing the same thing play out with AI. There is certainly a “there” there, but it’s nowhere near the hype. But the entire reward structure in Silicon Valley companies is built around this idea that infinite growth isn’t just possible but a must. So as long as executives get rewarded for this kind of behavior we will see it play out again and again.
One had no use case in a world of social media fatigue. The other, though overhyped, is powering the next generation of applications. What’s the point of your post?
Bwahahahahahahahahahahaha
Lol I just saw a coinbase ad that called out everyone who said crypto is dead. They started by showing all the amazing inventions like cars, flights, internet, electric cars etc and showed how people were cynical about it, and then said that it’s the same for crypto. Mentioned it cuz I thought it was funny after reading all the comments here. I agree with y’all tho. Crypto is stupid, but who knows what will happen๐คทโโ๏ธ?. I’m definitely not gonna invest in it though. Too damn volatile.
“The Metaverse” has many definitions depending on who you talk to. By some definitions, Fortnite is a (very successful) metaverse.
I’m *guessing* you mean the VR-style metaverse? If so, that’s very much still happening. If you look at the trend of consumer technology over the past 40 years it’s all inevitably leading to a wearable device that overlays information on top of the real world. Are we there yet? Kind of. I’d say we’re 80% there with the last major hurdles being battery life and comfort.
The current landscape reminds me a lot of when P.D.A.s came onto the market in the 90s. Most people thought P.D.A.s were bulky and stupid – something only nerds or businessmen owned. But the tech got better, smaller, lighter, new features were added, and the P.D.A. morphed into the first cell phones, and then suddenly everyone had one. VR is in that space right now. As the tech inevitably improves it’s really gonna take off.
See https://www.microsoft.com/en-us/microsoft-teams/microsoft-mesh.
Theyโre still making it. Idk what you mean
it could be a thing but there’s a lot of undeveloped and unsolved problems that could make it a thing. They went all in on it and for some reason hired a fuckton of people from consulting firms and investment bankers to run product completely ignoring the current use cases in gaming. These people didn’t believe in what was being built- they were there for the hype cycle and make big tech money. It was doomed to failure since.