Eddie-Griffin
Banned
https://gizmodo.com/instagram-facebook-mark-zuckerberg-whatsapp-ai-1850232199
So after Zuckerbergs "great leap forward" which resulted in the loss of thousands of staff just recently, he is now putting primary focus on AI instead of the his Virtual vision verse thing, which is very concerning if you are invested into it, because it means updates and company funding/investment will also decline.
Although he won't kill Horizon Worlds because he put a crazy amount of money into it, he wants to implement AI with what he calls the single largest investment, in all their products.
So the current leaders in VR are about to cause uncertainty and doubt among possible investors and devs from jumping in, by switching primary resources into another market, to chase a trend. Which will in turn, damage other players in the VR market because it's going to cause companies and people to yield back. Because Zuckerberg is smrt or so people keep claiming.
We are what, 8 years into VR since the 2015 boom and we were supposed to have 1 billion in the verse in 10 years, doesn't seem like that's going to happen unless Apple pulls it off which I doubt. However, it does seem like Zucker is basically handing over confidence of sideliners right over to Apple and other competition like TCL, Samsung, etc.
I wouldn't be surprised that as Zucker changes focus, and minimizes his already billions wasted in the metaverse, that someone is going to come out from behind and lap him. That's happened multiple times already.
But this is a pretty big black mark for VR makers like Valve, TCL, Samsung, HTC, PancakeXR, Varjo, and others. This i because there's already a cautious perception from the recent sales reports covering 2022, with the steeper than expected decline from what was expected to be a booming year, lower than expected software sales, lower than expected hardware sales outside of Quest 2, which is currently in decline, and the lack of VR novelty or media coverage bringing in people the same way as in the past. After that people have been waving yellow flags for VR.
But when the market leader is going to draw back support and put primary resources into another market less than two years after setting up the company for a promised long-term investment into the metaverse, and then last year saying that the losses were worth it for the result, companies and people seeing this partial U-turn are going to have people waving red flags now.
He has not done much yet to reassure people on the pivot either, yeah there's a new headset coming but will it have the same push that the company gave the Quest 2? Same with Ventura, which is supposed to be cheaper than Quest 3? Or is he going to ride on minimum effort and depend on low prices to get impulse buyers? Will he invest more in social VR outside of Horizon Worlds? Will he be investing in helping devs reach out to larger audiences? What about bigger updates or improving the ecosystem? Didn't he say he wanted VR to be the new smartphone?
These are all questions folks are going to be asking now after this pivot.
He's basically on the verge of burning bridges in the market he's leading in. What is he doing? Does he even know?
The company formerly known as Facebook is shifting its focus once again, this time to enter the artificial intelligence arms race.
Mark Zuckerberg’s tech behemoth released its own research-focused, large language model last month. Just days later, the company announced it would soon be incorporating AI into its consumer-facing products. Now, the CEO has stated that AI won’t just be a facet of Meta’s work going forward, it will be the focus. Meta will be moving its primary goalposts from filling up a sparsely populated virtual world into the increasingly crowded terrain of generative AI.
Under Zuckerberg’s so-called “year of efficiency” company-wide reorganization, Meta’s “single largest investment is in advancing AI and building it into every one of our products,” he wrote in an official update released Tuesday. “We have the infrastructure to do this at unprecedented scale and I think the experiences it enables will be amazing,” he added. The announcement came in the same letter in which the CEO confirmed Meta would be cutting 10,000 of its employees.
For the past few years, the biggest chunk of the company’s research and development spending outside its direct family of apps has been in its unsettling and uninspiring virtual reality sector. Meta’s expensive VR headset line and VR game platform/Second Life-dupe, Horizon Worlds, have taken priority and execs have hyped them as the company’s future.
In the not-too-distant-past, Zuckerberg has made sweeping claims about its VR. Just a couple of months ago, the CEO said the metaverse would somehow become “as important as smartphones.” He’s also pitched the VR tech as the future of work, though employees who’ve been forced into it don’t seem to like it very much. In 2021, Meta went on a hiring spree, bringing on thousands of employees to build out its virtual reality offerings. The company’s 2022 year end financial report revealed that it has been spending more than $1 billion per month on its metaverse and other VR work.
Now though, that balance seems liable to shift. In a way, Meta has effectively said: ‘Friendship ended with metaverse, now AI is my best friend.’ Though, the company has claimed it won’t be abandoning its virtual reality projects entirely. “Our leading work building the metaverse and shaping the next generation of computing platforms also remains central,” Zuckerberg wrote in the Tuesday letter.
However, if “efficiency” is truly the aim (and if it wants to appease its investors), the company will likely have to cut back on VR spending to make room for its newly central AI mission. Though maybe there’s room to grow AI and VR together. Potentially, with a generative AI push, Horizon Worlds could finally, actually get legs.
So after Zuckerbergs "great leap forward" which resulted in the loss of thousands of staff just recently, he is now putting primary focus on AI instead of the his Virtual vision verse thing, which is very concerning if you are invested into it, because it means updates and company funding/investment will also decline.
Although he won't kill Horizon Worlds because he put a crazy amount of money into it, he wants to implement AI with what he calls the single largest investment, in all their products.
So the current leaders in VR are about to cause uncertainty and doubt among possible investors and devs from jumping in, by switching primary resources into another market, to chase a trend. Which will in turn, damage other players in the VR market because it's going to cause companies and people to yield back. Because Zuckerberg is smrt or so people keep claiming.
We are what, 8 years into VR since the 2015 boom and we were supposed to have 1 billion in the verse in 10 years, doesn't seem like that's going to happen unless Apple pulls it off which I doubt. However, it does seem like Zucker is basically handing over confidence of sideliners right over to Apple and other competition like TCL, Samsung, etc.
I wouldn't be surprised that as Zucker changes focus, and minimizes his already billions wasted in the metaverse, that someone is going to come out from behind and lap him. That's happened multiple times already.
But this is a pretty big black mark for VR makers like Valve, TCL, Samsung, HTC, PancakeXR, Varjo, and others. This i because there's already a cautious perception from the recent sales reports covering 2022, with the steeper than expected decline from what was expected to be a booming year, lower than expected software sales, lower than expected hardware sales outside of Quest 2, which is currently in decline, and the lack of VR novelty or media coverage bringing in people the same way as in the past. After that people have been waving yellow flags for VR.
But when the market leader is going to draw back support and put primary resources into another market less than two years after setting up the company for a promised long-term investment into the metaverse, and then last year saying that the losses were worth it for the result, companies and people seeing this partial U-turn are going to have people waving red flags now.
He has not done much yet to reassure people on the pivot either, yeah there's a new headset coming but will it have the same push that the company gave the Quest 2? Same with Ventura, which is supposed to be cheaper than Quest 3? Or is he going to ride on minimum effort and depend on low prices to get impulse buyers? Will he invest more in social VR outside of Horizon Worlds? Will he be investing in helping devs reach out to larger audiences? What about bigger updates or improving the ecosystem? Didn't he say he wanted VR to be the new smartphone?
These are all questions folks are going to be asking now after this pivot.
He's basically on the verge of burning bridges in the market he's leading in. What is he doing? Does he even know?