5 US States Settle With GSB Group Over Unregistered Crypto Sales

September 14, 2024 Bitcoin.com

Alabama

Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered […]

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‘Godmother of AI’ launches World Labs with $230M funding at $1B valuation

September 14, 2024 Coin Telegraph

‘Godmother of AI’ launches World Labs with 0M funding at B valuation

artificial intelligence

The company’s focus will be on developing artificial intelligence with 3D perception.

Artificial intelligence startup World Labs announced its official launch on Sept. 13. The firm is reportedly valued at over $1 billion and has raised more than $230 million in funding to build “spatial intelligence” systems.

World Labs was co-founded by Fei-Fei-Li, the former Google Cloud AI boss. Due to her involvement in much of the foundational research behind modern generative artificial intelligence, Fei-Fei-Li is often referred to as the “Godmother of AI.” She’s also the current co-director of the Stanford Institute for Human-Centered Artificial Intelligence.

World Labs describes its primary product as “Large World Models” (LWMs). In a blog post announcing the company’s launch, it pointed out that current generative AI models can only interact with the world through text, audio, and video.

Circle and Sony partner to bring USDC to Soneium

Spatial Computing Expert: AI Didn’t Contribute to Metaverse’s Decline

September 7, 2024 Bitcoin.com

artificial intelligence

Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a powerful catalyst for metaverse innovation, enhancing user experiences and making digital interactions more natural, intuitive, and engaging. Metaverse, NFT Decline […]

Circle and Sony partner to bring USDC to Soneium

What Web3 Games Need to Do to Break into the Japanese Market – IVC Partner Ann Chien

September 1, 2024 Bitcoin.com

bitcoin.com

IVC is a Web3 venture capital fund backed by leading Japanese gaming studios. They focus on Web3 gaming, digital entertainment, AI, DeFi, and infrastructure, and have invested in over 200 projects. They also host Japan’s largest Web3 conference, IVS Crypto, which attracts over 12,000 attendees annually. Ann Chien serves as a Partner at IVC. She […]

Circle and Sony partner to bring USDC to Soneium

Meta cancels next-gen headset as Reality Labs remains mired in VR

August 24, 2024 Coin Telegraph

Coin Telegraph

There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.

Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well enough to justify its production.

According to a report from The Information, workers were given the cease order after CEO Mark Zuckerberg weighed-in during a product update meeting. Evidently, Meta was expecting Apple’s Vision Pro — a product similar to the one Reality Labs was developing — to perform better than it has.

Despite involvement from some of the top technology firms in the world, including Sony, HTC, Meta, and Google, virtual reality hardware remains a niche market. As far as consumers are concerned, VR remains a niche product.

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Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs

August 17, 2024 Coin Telegraph

Bored Apes Yacht Club

Nicholas joins Meta as an executive mixed reality producer for entertainment experiences.

Former Yuga Labs creative director for Bored Apes Yacht Club Jeff Nicholas will be joining Meta’s Reality Labs as an executive producer for mixed reality entertainment experiences.

Nicholas announced the move on X and LinkedIn, stating that he’ll begin his new position in September.

He also added that he’d be working specifically on virtual reality products:

Circle and Sony partner to bring USDC to Soneium

Half of the 10 most valuable companies on Earth are making metaverse hardware

August 11, 2024 Coin Telegraph

Apple

The metaverse is dead, long live the metaverse.

Microsoft is reportedly looking to take on Apple’s Vision Pro headset with new hardware it would develop in partnership with Samsung. This would mean that five of the ten most valuable companies by market capitalization — Apple, Google, Meta, Microsoft, and Nvidia — are currently developing new metaverse gear.

The Microsoft news comes from a local outlet in South Korea, The Elec. According to the report, Microsoft plans to order hundreds of thousands of OLED panels from Samsung for a device to be mass produced in 2026.

That’s a ways off and, according to The Verge, the device will be a headset meant for spatial computing (as opposed to virtual reality). The Verge also indicated that it was specifically not meant for the metaverse — but, any display device, including a computer monitor, can interface with “the metaverse,” spatial computing devices just offer a different level of immersion.

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Metaverse book gets boring rename in latest sign of waning enthusiasm

July 21, 2024 Coin Telegraph

Augmented Reality

The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3.

Matthew Ball, former global head of strategy at Amazon Studios and author of the 2022 book “The Metaverse: And How It Will Revolutionize Everything,” is re-releasing the book under a new, more underwhelming title: “Building the Spatial Internet.”

To be clear, the book will still be called “The Metaverse,” but the spatial internet bit will replace the former language indicating that the metaverse would revolutionize everything.

Evidently, after two years, the revolution has either come and gone or remains impending. Either way, on July 23, the book's newest edition launches.

Circle and Sony partner to bring USDC to Soneium

AI and Metaverse Combo Could Create More Interactive, Personal Virtual Worlds, Says Tech Veteran

July 21, 2024 Bitcoin.com

Artificial intelligence (AI)

According to Paul Thomas, a seasoned technologist and founder at Somnia, artificial intelligence (AI), like the metaverse before it, is currently experiencing hype. This hype cycle will continue to be in vogue before eventually waning. Thomas argues that combining the metaverse with AI can potentially “make virtual environments interactive and personal.” AI Hype Cycle Expected […]

Circle and Sony partner to bring USDC to Soneium

Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms

July 20, 2024 Coin Telegraph

Augmented Reality

Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.

Meta will reportedly cut the budget of its Reality Labs, the division responsible for developing the company’s metaverse hardware and software, by about 20% between now and 2026.

This comes via a report from The Information and aligns with recent indications that Meta plans to shift Reality Labs into production mode ahead of several high-profile hardware launches slated over the next couple of years.

Analysts for Bank of America opined that the cost-cutting measures would net Meta a savings of about $3 billion.

Metaverse

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