The Fort Worth Press - Meta working to speed up metaverse, but success far from certain

USD -
AED 3.672497
AFN 65.999471
ALL 81.749912
AMD 377.657389
ANG 1.79008
AOA 916.489445
ARS 1447.774602
AUD 1.433949
AWG 1.80125
AZN 1.703098
BAM 1.656847
BBD 2.015105
BDT 122.260014
BGN 1.67937
BHD 0.377032
BIF 2953.091775
BMD 1
BND 1.272884
BOB 6.913553
BRL 5.239204
BSD 1.000479
BTN 90.561067
BWP 13.175651
BYN 2.857082
BYR 19600
BZD 2.012224
CAD 1.36841
CDF 2224.999659
CHF 0.778355
CLF 0.021805
CLP 860.999957
CNY 6.94215
CNH 6.94197
COP 3642
CRC 496.003592
CUC 1
CUP 26.5
CVE 93.41048
CZK 20.68075
DJF 178.163135
DKK 6.33486
DOP 63.049437
DZD 129.986956
EGP 46.961897
ERN 15
ETB 154.976835
EUR 0.84826
FJD 2.20805
FKP 0.729917
GBP 0.734446
GEL 2.689902
GGP 0.729917
GHS 10.985781
GIP 0.729917
GMD 73.500789
GNF 8780.996111
GTQ 7.67429
GYD 209.32114
HKD 7.80883
HNL 26.428662
HRK 6.385501
HTG 131.143652
HUF 321.991502
IDR 16828.55
ILS 3.10525
IMP 0.729917
INR 90.394901
IQD 1310.5
IRR 42125.000158
ISK 122.830055
JEP 0.729917
JMD 156.862745
JOD 0.708956
JPY 156.932007
KES 129.000202
KGS 87.450061
KHR 4029.999686
KMF 416.999794
KPW 899.945137
KRW 1467.869894
KWD 0.30742
KYD 0.83376
KZT 497.113352
LAK 21520.880015
LBP 86149.999963
LKR 309.665505
LRD 185.999907
LSL 16.060391
LTL 2.95274
LVL 0.60489
LYD 6.323093
MAD 9.174499
MDL 16.928505
MGA 4431.457248
MKD 52.289772
MMK 2099.936125
MNT 3569.846682
MOP 8.051354
MRU 39.72959
MUR 46.069927
MVR 15.459857
MWK 1737.999676
MXN 17.36485
MYR 3.947978
MZN 63.759773
NAD 16.060374
NGN 1371.399239
NIO 36.81834
NOK 9.708245
NPR 144.897432
NZD 1.670075
OMR 0.384506
PAB 1.000479
PEN 3.362498
PGK 4.286719
PHP 58.773502
PKR 279.84277
PLN 3.57756
PYG 6622.13506
QAR 3.64125
RON 4.321597
RSD 99.582996
RUB 76.249364
RWF 1459.958497
SAR 3.750129
SBD 8.064647
SCR 14.106828
SDG 601.502126
SEK 9.00598
SGD 1.27433
SHP 0.750259
SLE 24.549799
SLL 20969.499267
SOS 571.483593
SRD 37.894031
STD 20697.981008
STN 20.755852
SVC 8.7544
SYP 11059.574895
SZL 16.059778
THB 31.827019
TJS 9.349774
TMT 3.505
TND 2.845498
TOP 2.40776
TRY 43.532004
TTD 6.777163
TWD 31.677296
TZS 2584.99965
UAH 43.151654
UGX 3562.246121
UYU 38.562056
UZS 12264.970117
VES 377.98435
VND 25967.5
VUV 119.556789
WST 2.72617
XAF 555.589718
XAG 0.012686
XAU 0.000204
XCD 2.70255
XCG 1.803149
XDR 0.691101
XOF 555.690911
XPF 101.550041
YER 238.324995
ZAR 16.14345
ZMK 9001.198478
ZMW 19.585153
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    -0.1400

    23.52

    -0.6%

  • CMSD

    -0.0700

    23.87

    -0.29%

  • NGG

    1.5600

    87.79

    +1.78%

  • RBGPF

    4.4200

    86.52

    +5.11%

  • BTI

    -0.2400

    61.63

    -0.39%

  • RIO

    0.1100

    96.48

    +0.11%

  • AZN

    3.1300

    187.45

    +1.67%

  • BCC

    5.3000

    90.23

    +5.87%

  • GSK

    3.8900

    57.23

    +6.8%

  • BCE

    0.2400

    26.34

    +0.91%

  • JRI

    0.0300

    13.15

    +0.23%

  • RYCEF

    -0.3100

    16.62

    -1.87%

  • BP

    0.3800

    39.2

    +0.97%

  • VOD

    0.4600

    15.71

    +2.93%

  • RELX

    -0.7300

    29.78

    -2.45%

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.

C.M.Harper--TFWP