The Prague Post - Meta working to speed up metaverse, but success far from certain

EUR -
AED 4.111594
AFN 78.919101
ALL 98.675968
AMD 434.32085
ANG 2.003391
AOA 1026.502274
ARS 1266.627636
AUD 1.740612
AWG 2.014944
AZN 1.901299
BAM 1.951787
BBD 2.263087
BDT 136.180614
BGN 1.955095
BHD 0.421933
BIF 3285.478409
BMD 1.119413
BND 1.453837
BOB 7.745283
BRL 6.312485
BSD 1.120816
BTN 95.518196
BWP 15.217983
BYN 3.668024
BYR 21940.503176
BZD 2.251411
CAD 1.564728
CDF 3212.716552
CHF 0.940194
CLF 0.027456
CLP 1053.625569
CNY 8.066885
CNH 8.070389
COP 4709.092436
CRC 569.239784
CUC 1.119413
CUP 29.664456
CVE 110.037774
CZK 24.928206
DJF 198.942529
DKK 7.460857
DOP 65.877863
DZD 149.234576
EGP 56.435562
ERN 16.791201
ETB 148.81438
FJD 2.54073
FKP 0.843084
GBP 0.843193
GEL 3.067132
GGP 0.843084
GHS 13.936688
GIP 0.843084
GMD 81.157625
GNF 9689.642644
GTQ 8.610988
GYD 234.492062
HKD 8.74136
HNL 28.8251
HRK 7.536564
HTG 146.65977
HUF 403.244617
IDR 18510.340582
ILS 3.97727
IMP 0.843084
INR 95.922085
IQD 1466.43159
IRR 47141.36461
ISK 145.098729
JEP 0.843084
JMD 178.892188
JOD 0.794003
JPY 163.471332
KES 144.624383
KGS 97.893165
KHR 4500.042426
KMF 492.961714
KPW 1007.500614
KRW 1565.634362
KWD 0.344142
KYD 0.933996
KZT 569.418898
LAK 24193.327174
LBP 100299.443303
LKR 334.613512
LRD 223.441358
LSL 20.451653
LTL 3.305337
LVL 0.677122
LYD 6.16811
MAD 10.412227
MDL 19.547159
MGA 5070.942943
MKD 61.539861
MMK 2350.077382
MNT 4004.865635
MOP 9.010036
MRU 44.384724
MUR 51.437295
MVR 17.294962
MWK 1943.301996
MXN 21.708564
MYR 4.801191
MZN 71.526352
NAD 20.452128
NGN 1791.677003
NIO 41.13821
NOK 11.625192
NPR 152.837489
NZD 1.897848
OMR 0.430964
PAB 1.120766
PEN 4.108272
PGK 4.551815
PHP 62.474647
PKR 315.645426
PLN 4.234364
PYG 8948.601207
QAR 4.075333
RON 5.104856
RSD 116.97159
RUB 89.973677
RWF 1605.527636
SAR 4.19867
SBD 9.351988
SCR 16.421351
SDG 672.217458
SEK 10.89993
SGD 1.453872
SHP 0.879683
SLE 25.442116
SLL 23473.540104
SOS 639.7423
SRD 40.747209
STD 23169.59786
SVC 9.807011
SYP 14554.282247
SZL 20.451671
THB 37.397923
TJS 11.617222
TMT 3.923544
TND 3.384551
TOP 2.621775
TRY 43.397285
TTD 7.586537
TWD 33.816365
TZS 3013.383659
UAH 46.531928
UGX 4094.581326
USD 1.119413
UYU 46.823728
UZS 14541.180173
VES 104.51141
VND 29031.987239
VUV 134.472655
WST 3.121561
XAF 654.622757
XAG 0.03512
XAU 0.000358
XCD 3.02527
XDR 0.822363
XOF 644.78257
XPF 119.331742
YER 273.305086
ZAR 20.438015
ZMK 10076.064499
ZMW 29.842442
ZWL 360.450667
  • CMSD

    -0.1300

    22.26

    -0.58%

  • BCC

    -2.9700

    90.74

    -3.27%

  • GSK

    -0.1300

    36.22

    -0.36%

  • CMSC

    -0.0950

    21.965

    -0.43%

  • JRI

    -0.1100

    12.77

    -0.86%

  • NGG

    -0.1000

    67.43

    -0.15%

  • SCS

    -0.1700

    10.54

    -1.61%

  • AZN

    -1.4900

    66.23

    -2.25%

  • RIO

    -0.2400

    62.03

    -0.39%

  • RBGPF

    63.8100

    63.81

    +100%

  • BCE

    -0.7200

    21.26

    -3.39%

  • RYCEF

    -0.1700

    10.53

    -1.61%

  • VOD

    -0.0200

    9.04

    -0.22%

  • BP

    -0.2000

    30.36

    -0.66%

  • BTI

    -0.1400

    40.55

    -0.35%

  • RELX

    0.6600

    53.06

    +1.24%

Meta working to speed up metaverse, but success far from certain
Meta working to speed up metaverse, but success far from certain / Photo: - - Meta Connect/AFP

Meta working to speed up metaverse, but success far from certain

A year after rebranding itself from Facebook into Meta, the social network titan is striving to make the metaverse a routine part of daily life, offering users new features and promoting new virtual reality gear.

Text size:

But analysts say the company has toned down the hype a bit as it struggles to reach its goal of creating an interactive virtual world that it sees as the next phase of online activity.

The biggest announcement from this week's Meta Connect event -- the company's giant's annual conference focused on virtual reality -- was the launch of the much anticipated Meta Quest Pro VR headset, targeted at professionals in creative fields.

But there were also legs -- as in, legs for user avatars in Meta's Horizon World virtual realm, as well as facial expressions.

Is this the future? The company says yes.

"The metaverse is going to sneak up on us," Meta Reality Labs vice president Mark Rabkin predicted.

"I think it's going to feel really far away and then there'll be certain pockets and niches that are suddenly really useful -- and then we'll realize that the gaps... are getting smaller, and suddenly it's here."

For Rabkin, executives can save time and money by meeting in the metaverse, and artists can embrace virtual venues for concerts, comedy shows and other entertainment.

Bridges, skyscrapers, footwear and more could be designed in 3-D using digital tools in the metaverse.

"We're building things that power the metaverse and will be part of the metaverse," Rabkin said.

"We are investing heavily to pull the future forward a little bit."

- Smiles and nods -

A year ago, Facebook renamed itself Meta to signal its devotion to a metaverse future.

In a small step on that path, the $1,500 Quest Pro headset -- aimed at architects, engineers and designers, among others -- boasts new features that are meant to improve users' perception of actually being in the presence of others.

"The moment that they begin to break into a smile or when they raise their eyebrow... your avatar should be able to express all of that and more," Meta chief Mark Zuckerberg said at Meta Connect.

The company said it is partnering with Microsoft, Adobe, Accenture and others to sync up popular work software with virtual worlds using Quest Pro.

"At Microsoft, we're incredibly excited about the metaverse and how digital and physical worlds are coming together," Microsoft CEO Satya Nadella said during the presentation.

Microsoft is "really leaning in" to make its widely-used productivity software, as well as tools built for its own HoloLens augmented reality headset, compatible with Quest Pro, according to Rabkin.

Zuckerberg stressed that Meta wants its VR platform to dovetail with offerings from other companies.

"Not only will our stuff run on a variety of devices, including not our own, but there will inevitably be multiple universes joined together in a variety of ways," Rabkin explained.

Technical advances built into Quest Pro are expected to eventually be incorporated into lower-priced headsets destined for average consumers.

- Handling the hype -

Zuckerberg was quoted by tech news website The Verge as saying he didn't expect the metaverse to make the company a meaningful amount of money for years, setting up a "trough of disillusionment."

For Creative Strategies analyst Carolina Milanesi, Meta has de-emphasized the hype of the metaverse in favor of talking more about the nuts and bolts of how it will work.

"I'm assuming it's because they figured out how hard it is to actually make this stuff in terms of actually creating that world," Milanesi told AFP.

Companies are investing billions of dollars in building blocks of the metaverse, with Meta leading the pack, VRDirect managing director Rolf Illenberger told AFP.

Microsoft, Sony, and HTC are among the players, and Apple is rumored to be planning to release its own virtual reality headset.

"On the one hand, Mark Zuckerberg needs to be acknowledged as a hero, as a visionary because he's pushing the industry like no one else," Illenberger said.

"But on the other hand, his bad reputation also kind of, to some extent, puts blame on the metaverse as a technology."

Critics have said rebranding Facebook as Meta was a move to distance the tech firm from scandals including a whistleblower who said it valued profit over user safety.

R.Rous--TPP