LONDON: Facebook is creating a product team to work on the “metaverse,” a digital world where people can move between different devices and communicate in a virtual environment, CEO Mark Zuckerberg said on Monday.
The team will be part of the company’s virtual reality organization, the group’s executive Andrew Bosworth said in a Facebook post.
“You can think about the metaverse as an embodied Internet, where instead of just viewing content — you are in it,” CEO Mark Zuckerberg told The Verge in an interview last week.
Facebook, the world’s largest social network, has invested heavily in virtual reality and augmented reality, developing hardware such as its Oculus VR headsets and working on AR glasses and wristband technologies.
It has also bought a bevy of VR gaming studios, including BigBox VR. It has about 10,000 employees working on virtual reality, The Information reported in March.
Zuckerberg has said he thinks it makes sense to invest deeply to shape what he bets will be the next big computing platform.
“I believe the metaverse will be the successor to the mobile Internet, and creating this product group is the next step in our journey to help build it,” he said on his Monday Facebook post.
He told The Verge: “If we do this well, I think over the next five years or so ... we will effectively transition from people seeing us as primarily being a social media company to being a metaverse company.”
Facebook sets up new team to work on the ‘metaverse’
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Facebook sets up new team to work on the ‘metaverse’
- Facebook establishes new team to work on metaverse, a digital world where people can move between different devices and virtual environments
German media group Axel Springer to buy UK’s Daily Telegraph
- Group said it would pay 575 million pounds ($766 million) for the title
LONDON: German media group Axel Springer said Friday it would buy Britain’s conservative Daily Telegraph newspaper, vowing to “preserve the integrity of a heritage media brand” while giving it a platform for growth and expansion.
The German group, which owns the mass-market tabloid Bild, the Welt broadsheet as well as the Politico news outlet, said it would pay 575 million pounds ($766 million) for the title.
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