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Sep 28 – Meta CEO Mark Zuckerberg is set to provide updates to investors on his ambitious plan to construct the immersive metaverse, which he envisions as the future of computing. This announcement will take place at Meta Connect, the company’s largest annual event, marking its return to in-person conferences after the pandemic.
At Meta Connect, key revelations will shed light on how Zuckerberg plans to navigate the shifting landscape of investor interest, which has recently leaned more toward artificial intelligence rather than augmented and virtual reality technologies.
This event carries significant stakes, given that investors expressed concerns last year about Meta, the parent company of Facebook and Instagram, allocating substantial resources to the metaverse project. In response, Zuckerberg had to implement large-scale layoffs to sustain his vision.
Developers are keenly observing the event to gauge the potential applications they can create for Meta’s latest hardware offerings, including the upcoming Quest virtual reality headset. Investors, on the other hand, are looking for indications of whether this ambitious venture, which has incurred losses of over $40 billion since 2021, will eventually yield positive results.
A prominent focus of the event will revolve around AI-powered virtual assistants, each possessing unique personalities, which Meta plans to integrate into its applications. This move aligns with the company’s intention to introduce generative AI chatbots at Connect, as initially reported by The Wall Street Journal.
Just before the event, Meta announced the implementation of its plan from early last year to introduce mobile and web versions of its flagship social VR platform, Horizon Worlds. Additionally, it discreetly extended the capabilities of its virtual reality avatars to include legs, as noted by the industry blog Upload VR.