July Tech Round-Up: Remember the Metaverse?
Barely two years ago we were flooded with hype announcing the dawn of the Web3 metaverse economy, worth billions of dollars. And then it all seemed to dissolve.
However even if the consumer version of the metaverse – a kind of three-dimensional Facebook – is in sharp retreat, the foundations of the next generation of immersive and augmented digital experiences are still being built. With the attention of the hype cycle now firmly switched to generative AI, this month we have another look at the metaverse.
Enjoy, from all of us at North Ridge Partners.
Original Thinking from North Ridge Partners
The latest vision of the metaverse has morphed from a destination you visit, to the way we will live and work in increasingly immersive worlds that blend the real with the digital, through augmented, virtual and extended reality.
The hype behind Facebook’s cartoonish Second-Life-like metaverse may have dissolved, and brands like Disney and Microsoft may have hit pause on their own plans. But just when you thought it was all over, Apple’s and Meta’s new VR devices are set to breath new life into the metaverse. It’s just that the very meaning of metaverse is changing. Click here to read about the consumer metaverse.
Meanwhile, Digital Twins are at the vanguard of the industrial metaverse that will be built on the scaffolding of maturing technologies like AI, IoT, 5G and 6G, AR, VR, XR and automation. Click here to read about the industrial metaverse.
Big Tech
Cool shades, expensive though! – can Apple save the Metaverse?
Nice Threads, Mark – Zuckerberg launches Twitter rival.
Thoma Bravo scores US$10bn home run as NASDAQ acquires Andenza for 18x 2023 revenues.
How sustainable is Nvidia’s 200 per cent share surge?
Asia Pacific Tech News
eCommerce boom powers J&T Express toward Hong Kong IPO.
China unleashes AI to transform its economy as US restricts Chinese access to US clouds.
Ignore the semiconductor war between China and the US at your peril: a short summary.
“Is Alibaba a value trap?” asks Bernstein.
For real! Most companies across the APAC region are investigating generative AI applications.
Stuff We Found Interesting
Let these clowns fight. Will Musk and the Zuck really go toe-to-toe in a cage fight?
Superior experience? In Q1, the top-five apps downloaded in the US were mainly Chinese.
Vale the password. Apple is planning its death.
Chinese computer solves problems in a second that took five supercomputers years to solve.
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