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Kuba Orlik (kuba@toot.kuba-orlik.name)'s status on Tuesday, 09-May-2023 00:05:46 JST Kuba Orlik
in reply to
@FediThing @tkinias @rysiek @intelwire and they created... basically nothing more than a poor man's VR chat? Where did the money go?

In conversation Tuesday, 09-May-2023 00:05:46 JST from toot.kuba-orlik.name permalink
- FediThing (fedithing@tech.lgbt)'s status on Tuesday, 09-May-2023 00:05:47 JST FediThing
  in reply to
  @tkinias @rysiek @intelwire
  The Guardian report linked to in the article says "Meta has spent ... more than $100bn on (Metaverse) research and development and product development"
  By comparison, the same article quotes Sony as $5 billion a year and Apple $21 billion a year as their entire R&D spend across all their departments.
  https://www.theguardian.com/technology/2022/oct/27/metas-shares-dip-is-proof-metaverse-plan-never-really-had-legs-facebook
  No wonder the share price collapsed, Meta spent more on R&D for the Metaverse than Sony spends on its entire product range in 20 years.
  
  In conversation Tuesday, 09-May-2023 00:05:47 JST permalink
- Thanasis Kinias (tkinias@historians.social)'s status on Tuesday, 09-May-2023 00:05:50 JST Thanasis Kinias
  in reply to
  - Michał "rysiek" Woźniak · 🇺🇦
  - J.M. Berger
  @rysiek @intelwire
  do we know how much money Zuck actually burned on this whole “metaverse” scheme?
  the article mentions tens of billions, but do we know anything more precise than that?
  
  In conversation Tuesday, 09-May-2023 00:05:50 JST permalink
- Michał "rysiek" Woźniak · 🇺🇦 (rysiek@mstdn.social)'s status on Tuesday, 09-May-2023 00:05:51 JST Michał "rysiek" Woźniak · 🇺🇦
  - J.M. Berger
  RIP Metaverse
  An obituary for the latest fad to join the tech graveyard
  https://www.businessinsider.com/metaverse-dead-obituary-facebook-mark-zuckerberg-tech-fad-ai-chatgpt-2023-5
  > Zuckerberg declared in a March update that Meta's "single largest investment is advancing AI and building it into every one of our products." Meta's chief technology officer, Andrew Bosworth, told CNBC in April that he, along with Mark Zuckerberg and the company's chief product officer, Chris Cox, were now spending most of their time on AI.
  :chefkiss:
  h/t @intelwire
  In conversation Tuesday, 09-May-2023 00:05:51 JST permalink
  Attachments
  1. RIP Metaverse, we hardly knew ye
    
    from Ed Zitron
    
    Mark Zuckerberg spent years trying to make the Metaverse happen, but now it has been replaced by AI and is headed to the tech industry idea graveyard.

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