In a dramatic change from its past plans to create a virtual world known as “the metaverse,” Facebook has taken a completely different direction that has not been seen before. It was a project that consumed billions of dollars and resulted in a cumulative loss of $26 billion, despite spending billions on it. As a result, Facebook and other companies were forced to die in the metaverse due to investor pressure, forcing them to pursue the latest trend: artificial intelligence.
After being abandoned by the business world, the Metaverse, a once-hot technology that promised to give users a disorienting video-game-like virtual world in which to interact awkwardly, has died years after being touted as a future new era in communication technology. It had been around for three years at that time.
As CEO of Meta Platforms, Mark Zuckerberg abandoned his ambitious project, Metaverse, to focus on Artificial Intelligence (AI) and the AI industry. Zuckerberg was planning to launch the Metaverse as his next big thing, but he chose to quietly shelve the project indefinitely.
Facebook’s CEO Mark Zuckerberg announced in a post on Monday, 27 February, that Meta would establish an artificial intelligence product group dedicated to generative artificial intelligence.
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