The Metaverse is now a “long-term project” and the billionaire makes excuses whenever asked about the meta’s previous and subsequent mega-factors.
He never admits he was wrong, claiming that he was right even if proven, or that past history will eventually prove him right.
Mark Zuckerberg masters dialectic artwork.
This dialectic turns into a sophistry when it involves the metaverse he provided as a huge element afterward when he renamed his social media empire Meta Platforms in October 2021.
He is trying to convince the world, or he is trying to convince himself, to convince the digital world we call the metaverse, avatars, and device technology like digital reality headsets to work together. , remains a priority, even assuming that the events of the past few weeks clearly indicate that it is now a challenge like no other.
“That’s not accurate”
“I just want to say up front that it’s not exactly accurate as talk is unfolding that we are somehow moving away from focusing on a vision of the metaverse. We’ve been focused on both Metaverses and will continue to be focused on both.”
TheRoad wrote on March 18 that the Metaverse was useless and Zuckerberg quietly buried it. Because he’s now specializing in all-new shiny elements, especially synthetic intelligence (AI), and thought about revolutionary expertise.
This should be what Zuckerberg calls an inaccurate narrative. What is notable is that his remarks to traders and analysts on April 26 spanned over three pages, much of which was devoted to his AI. When the Chief Government talks about the Metaverse, he now integrates that idea into his AI’s general imagination and foresight. Essentially, the metaverse will be a small subset of AI.
“Two areas are also relevant,” argued the 38-year-old government. “Breakthroughs in computer vision allowed us to ship our first standalone VR. [virtual reality] device. Mixed reality is built on a stack of AI technologies for understanding the physical world and merging it with digital objects. ”
He argued that he was aware that this argument was not very persuasive.
“Our vision for AR [augmented reality] Glasses will include an AI-centric operating system that will be the foundation for the next generation of computing,” said Zuckerberg. “Metaverse technology can also help us deliver AI. For example, by embodying AI agents, we can leverage the significant investments we have made in avatars over the past few years.”
interesting admission
Chief Government Officer of Tesla (TSLA) – Get Free Report CEO Elon Musk eventually made headlines when he dubbed it “Zac XIV” in honor of the notoriously arrogant and superfluous French King Louis XIV.
“Building the metaverse is a long-term project,” said Zuckerberg. “But the reason remains the same, and we remain committed to it.”
He made no investment-related commitments.
The most important factor to remember is the usage of “long term project”. This looks like a technique to save face and avoid saying he was wrong. Zuckerberg has turned to excuses whenever asked about his meta ambitions for the metaverse. he would say: We are working on it and will announce it soon. ”
that’s sensible. It saves him from embarrassing and humiliating headlines.
Those doubters will hear Zuckerberg’s enthusiasm and joy when he talks about AI. He grins, aware that he has the gold.
“Our AI efforts are also improving monetization,” the tycoon instructed traders and analysts. “Reel’s monetization efficiency has improved by over 30% on Instagram and over 40% on Facebook every quarter. His daily earnings for Advantage + Shopping campaigns have increased 7x in the last 6 months. became.”
another big loss
He added: We’re looking at chat experiences in WhatsApp and Messenger, visual creation tools for Facebook, Instagram and advertising posts, as well as video and multimodal experiences. ”
Who can blame his enthusiasm for AI amid the muted results of the Metaverse? In the first quarter, Reality Labs, the division that handles Metaverse tasks, recorded a nearly $4 billion shortfall in work. Did. In 2021 and his 2022, the Metaverse has recorded a cumulative shortfall of almost $24 billion, combined with his $13.7 billion last year alone.
Zuckerberg didn’t have to publicly admit it, but the information and numbers tell a very clear story. The Metaverse is no big deal after that for Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp. AI certainly has its place.
sauce: www.thestreet.com
