Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Maximize Flexible Space Revenue
Home News Tech

Mark Zuckerberg Is Betting His Company’s Future On The Metaverse

Meta CEO Mark Zuckerberg has invested billions into his goal of creating a functioning and high-res metaverse.

Emma AscottbyEmma Ascott
June 20, 2022
in Tech
Reading Time: 2 mins read
A A
Mark Zuckerberg Is Betting His Company’s Future On The Metaverse

More stories for you

UN Report Urges Global Approach To Detect AI-Driven Deepfakes

UN Report Urges Global Approach To Detect AI-Driven Deepfakes

2 days ago
How To Overcome The Four Most Common Challenges HR Teams Face When Adopting AI

How To Overcome The Four Most Common Challenges HR Teams Face When Adopting AI

3 days ago
U.S. Jobless Claims Dip As Fewer Layoffs And Fewer Hires Reveal Labor Market Stalemate (1)

AI Tools Backfire, Dramatically Slowing Down Senior Programmers, New Study Finds

3 days ago
SAG-AFTRA Video Game Strike picket outside Warner Bros. Games, in Burbank

Video Game Actors Win AI Safeguards In Landmark Deal, Ending Strike

3 days ago

Meta CEO Mark Zuckerberg has invested billions into his goal of creating a functioning and high-res metaverse, but it’s unclear of whether it will pay off, as some experts have said the early hype around the metaverse and lack of game-changing products have since turned consumers off.

It’s clear Meta CEO Mark Zuckerberg is betting the future of his company on the metaverse, which will require Meta to create VR and AR headsets so powerful they can make users believe computer-generated images are real. 

Advertisements
Workspaces Run Better On UltraSoftBIS

In a virtual roundtable with reporters last week, Zuckerberg acknowledged it will take years for compact headsets to display photorealistic images. He also showed off prototypes the company has developed and continues to work on.  

Meta is pouring money into its metaverse efforts, spending $10 billion in 2021 on the project alone, up from $6.6 billion in 2020, and $4.5 billion in 2019. Zuckerberg expects to continue to keep up these spending efforts over the next three to five years.  

Advertisements
Yardi Kube automates flex and coworking operations

Nick Clegg, Meta’s president of global affairs, says it will likely take 10-15 years before its investments fully pay off and the technology behind both the metaverse and its headsets reach their full potential (which will require Meta to create new hardware that goes beyond its current headsets’ capabilities).  

Meta is not the only company positioning itself for metaverse supremacy. Apple is reportedly building out its own VR/AR headset that could launch later this year or in early 2023, and Microsoft has its own Hololens mixed reality headset. 

Source: Yahoo
Tags: Technology
Share9Tweet6Share2
Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

Other Stories Recommended For You

UN Report Urges Global Approach To Detect AI-Driven Deepfakes
News

UN Report Urges Global Approach To Detect AI-Driven Deepfakes

byAllwork.Space News Team
2 days ago

Companies must use advanced tools to detect and stamp out misinformation and deepfake content to help counter growing risks of...

Read more
How To Overcome The Four Most Common Challenges HR Teams Face When Adopting AI

How To Overcome The Four Most Common Challenges HR Teams Face When Adopting AI

3 days ago
U.S. Jobless Claims Dip As Fewer Layoffs And Fewer Hires Reveal Labor Market Stalemate (1)

AI Tools Backfire, Dramatically Slowing Down Senior Programmers, New Study Finds

3 days ago
SAG-AFTRA Video Game Strike picket outside Warner Bros. Games, in Burbank

Video Game Actors Win AI Safeguards In Landmark Deal, Ending Strike

3 days ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00