Meta Platforms will stay the course in 2023 with investment in its metaverse division Reality Labs expected to account to 20 per cent of its overall expenses. Reality Labs Chief Technical Officer, Andrew Bosworth, disclosed in a blog post yesterday that the company planned to spend about as much on the metaverse division next…
Metaverse is defined as a spatial computing platform that provides digital experiences as an alternative to or a replica of the real world, along with key civilisational aspects like social interactions, currency, trade, economy, and property ownership – founded on a bedrock of blockchain technology.
According to MobileWorldLive, the Reality Labs unit posted losses of $3.7 billion in Q3, up $1.1 billion year-on-year, as the company invested 18 per cent in the metaverse division in that quarter.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Firm targets teens in music reality show | The Guardian Nigeria News - Nigeria and World NewsWorried by moral decadence in the society, with many youths now involved in drug abuse, prostitution, Internet fraud, among others, a media and entertainment firm, Oscharlx, has concluded plans to host a music talent hunt for teenagers.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
PenCom: Making Workers Home Ownership Dream a Reality – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
INSIGHT: How scammers use cloned Facebook pages of media houses to defraud Nigerians | TheCableA string of cloned Nigerian media pages on the internet leaves social media users needing clarification about where to get accurate information. The average Nigerian seeks information from the internet FacebookWatch WSoyinkaCentre speakclairely_ AIT_Online NTANewsNow We are seeing more and more Silas2Silas
Source: thecableng - 🏆 2. / 80 Read more »
Yobe State Governor, Mala Buni Orders Release Of Teenage Boy Detained For Insulting Him On Facebook, Says Nigerian Police Overzealous | Sahara ReportersThe Yobe state Governor, Mai Mala Buni, has directed the immediate release of a teenager detained by the Nigerian police personnel for allegedly insulting him on social media. SaharaReporters had reported that minor was picked up by police personnel on December 11 in Nguru and later transferred to the State Investigation Division of the Nigeria Police Force in Damaturu. He was subsequently detained by the Commissioner of Police, Garba Haruna for allegedly insulting the governor on social media. Garba Isa, the father of the minor, had demanded the release of his son. When all this childish talk go finish for naijia like dis Lmao this country no be film so? This is what y'all are doing now 😂😂
Source: SaharaReporters - 🏆 9. / 63 Read more »
FACT CHECK: Do fossil fuels have impact on climate change? | TheCableA Facebook post with multiple claims says burning fossil fuels have no significant effect on climate change; that water vapour, not carbon dioxide (CO2), is solely responsible for global warming.
Source: thecableng - 🏆 2. / 80 Read more »
APPLY: Nigerian Air Force begins direct short service enlistment | TheCableThe Nigerian Air Force (NAF) has commenced the enlistment of graduates and postgraduates into its direct short service cadets (DSSC) programme. In a statement on its Facebook page, NAF said online NigAirForce Tani fe ku fun ilu iranu bi ti LIEJIRIYA 😡
Source: thecableng - 🏆 2. / 80 Read more »