Mark Zuckerberg Quietly Buries the Metaverse

[1srelluc]

There will be no press release, no big announcement, as he would have to acknowledge that he was wrong. But make no mistake: Mark Zuckerberg just buried the metaverse. The metaverse is dead. The metaverse was supposed to be the Next Big Thing for the social-media tycoon, who in 2021 went so far as to rename his empire -- created from Facebook, Instagram and WhatsApp -- as Meta Platforms. Simply put, the metaverse is an immersive virtual world in which we are supposed to interact with each other using specialized glasses and virtual-reality headsets. It was the future of technology, according to Zuckerberg, whom Tesla CEO Elon Musk dubbed "Zuck the Fourteenth" in an apparent nod to the French king Louis the XIV, famous for his hubris and excess. For those who doubted the company's devotion to the idea, Meta has invested billions of dollars in this massively hyped project -- to the chagrin of company shareholders. In 2021 and 2022, Reality Labs, the division housing metaverse projects, recorded a cumulative loss of nearly $24 billion, including $13.7 billion just last year. The losses will ease significantly in coming months because the metaverse is over. Zuckerberg has just held the funeral by turning to the next big shiny thing, namely artificial intelligence. "We're creating a new top-level product group at Meta focused on generative AI to turbocharge our work in this area," Zuckerberg said in a Feb. 27 post on Facebook. "We're starting by pulling together a lot of the teams working on generative AI across the company into one group focused on building delightful experiences around this technology. ... "In the short term, we'll focus on building creative and expressive tools," he wrote. "Over the longer term, we'll focus on developing AI personas that can help people in a variety of ways." https://www.thestreet.com/technology/mark-zuckerberg-quietly-buries-the-metaverse

I know, Zuckerberg and buried in the same sentence…...I got you all excited for nothing.

Meta means dead in Hebrew. He knew back then.....I wonder how many investors were bilked?

 

[Rambunctious]

Had Trump won re election the dirty T-shirt would be three times more wealthy than he is today.....
Ooooops!.....

 

[toobfreak]

Mark Zuckerberg Quietly Buries the Metaverse​

Good. I hope it cost him BILLIONS. I won't lose any sleep, that is for sure, now all we need is a fully loaded Norfolk Southern locomotive stocked full of flammable chemicals to lose its Trump-defeated brakes coming off a mountain just as he is crossing the train tracks.

 

[Oddball]

Ain't that a got-damned shame?

 

[Votto]

So now Zuck will spend all his time developing artificial intelligence that will eventually run our lives, only, without having any empathy for us.

Kind of like the Swamp, actually, minus the intelligence part.

 

[luiza]

A huge reversal for this CIA asset .

 

[scruffy]

Google has never made a working product in its entire history. Android is so full of bugs it's pathetic. They can't even write a text editor that works. How the hell they gonna do AI?

Zuck's the same way.

 

[Next Time]

Did the Zuck slip into the hole Metaverse is buried in?