The division currently has about 15,000 employees, so the layoffs will shrink the team by about 10%. The job cuts come after ...

According to MarketsandMarkets™, the global Metaverse Market size is expected to grow from USD 83.9 Billion in 2023 to USD ...

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the next step in the company's evolution as he sought to bring the metaverse to ...

As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances ...

A new report from the Metaverse Standards Forum (MSF) declares the technology initiative is alive and well, despite skyrocketing attention paid to artificial intelligence. "The term 'metaverse' has ...

Meta's pullback from the metaverse and renewed AI focus sent its stock lower, drawing attention to communication services and ...

Meta employees are facing potential workforce reductions, particularly within the Reality Labs team, which may see a 10% cut, ...

Last year, artificial intelligence and metaverse-related stocks outperformed the broad technology sector by double digits. The Application Software and Interactive Media sub-industries were the main ...

The global metaverse market is predicted to exceed $3 trillion by 2032. That’s a surprising valuation considering current scepticism, a stagnating user base, and claims that the metaverse is dead.

Whether it is best referred to as the ‘Metaverse’ or ‘Web3’, the next transformation of the Internet will offer “a world of limitless possibilities,” Shurick Agapitov, CEO of Xsolla, a $3 billion ...

PepsiCo is digitally transforming select US manufacturing and warehouse facilities with the help of Digital Twin Composer, ...