{"id":653366,"date":"2024-10-15T00:00:00","date_gmt":"2024-10-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/15\/meta-banks-on-vr\/"},"modified":"2024-10-15T00:00:00","modified_gmt":"2024-10-15T00:00:00","slug":"meta-banks-on-vr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/15\/meta-banks-on-vr\/","title":{"rendered":"Meta banks on VR"},"content":{"rendered":"

Mark Zuckerberg\u2019s promise of the Metaverse seems to finally be <\/strong>seeing the light.<\/strong> Three years after the company, formerly Facebook, re-introduced itself as Meta and announced their vision for a digital world where one could both work and relax, the Metaverse has found a home in Orion<\/a>. No thanks to Horizon Worlds, a VR hellscape<\/a> of floating avatars.<\/p>\n

(Tap or click the headline above to read this story with all of t<\/strong>he links <\/strong>to external sources.)<\/p>\n

The tides have turned on Meta\u2019s AR after its success in the smart glasses market, <\/strong>culminating in the reveal of Orion in late September. <\/strong>The prototype showed holograms and tools projected and seen through the silicon carbide lenses, controlled by eye tracking, hand gestures, voice command, and a neural wristband. The wristband, a breakthrough piece of tech in of itself, will be sold ahead of a consumer version of Orion, and is expected<\/a> to be integrated into Meta\u2019s Quest VR headsets and the Ray-Ban smart glasses.<\/p>\n

Since 2014, Meta has poured USD 63 bn into AR and VR tech <\/strong>\u2014 excluding the USD 2 bn they shelled out to acquire Oculus<\/a> \u2014 and had reported USD bns in losses<\/a> per quarter.<\/p>\n

But the <\/strong>future is looking<\/strong> bright for Meta. <\/strong>The successful unveiling and positive reception of this product is fulfilling Zuckerberg\u2019s 2023 prophecy that the sector is \u201ca very long-term bet\u201d that left investors dubious, but experts believe that \u201cMeta\u2019s continued commitment to virtual and mixed reality applications\u201d and recommend buying the stock. <\/p>\n","protected":false},"excerpt":{"rendered":"

Mark Zuckerberg\u2019s promise of the Metaverse seems to finally be seeing the light<\/p>\n","protected":false},"author":1,"featured_media":653367,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,2712,7198],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-653366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-mark-zuckerberg","tag-meta","wpautop","entry"],"acf":{"mongo_id":"001d52c1-bbc2-4c57-8c66-c51775b6e66c","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1222.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[653361],"teaser":"Mark Zuckerberg\u2019s promise of the Metaverse seems to finally be seeing the light","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.58e2d1a1-2208-4173-8d2b-c5283c51441c.mp3"},"yoast_head":"\nMeta banks on VR - 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That future is being brought closer to fruition by companies using virtual-reality (VR) and augmented-reality (AR) technology to allow their users to\u2026","rel":"","context":"In "THE INTERWEBS"","block_context":{"text":"THE INTERWEBS","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-interwebs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/612.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553162,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/st-catherines-monastery-played-host-to-the-worlds-oldest-star-map-is-metas-bet-on-the-metaverse-sinking\/","url_meta":{"origin":653366,"position":3},"title":"St Catherine\u2019s Monastery played host to the world\u2019s oldest star map + Is Meta\u2019s bet on the metaverse sinking?","author":"enterpriseam admin","date":"24 October 2022","format":false,"excerpt":"The world's oldest star map has been found in Egypt: Researchers discovered what is believed to be a fragment of the world\u2019s oldest complete star map at St Catherine\u2019s Monastery, science and tech journal Nature reports. 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