Meta’s Reality Labs Unit Posts  Billion in Losses in Q4 2024

Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024

#news #newstoday #tech #technews #latestnews #techupdates #newsupdates Meta released its earnings report for Q4 2024 on Wednesday. According to the report, Reality Labs posted a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4 2024. The Meta subsidiary generated $1.1 billion (roughly Rs. 9,526 crore) in sales during the…

China Plans to Develop Blockchain-Focused National Data Infrastructure By 2029

China Plans to Develop Blockchain-Focused National Data Infrastructure By 2029

#news #newstoday #tech #technews #latestnews #techupdates #newsupdates China’s government on Monday released guidelines for the development of a national data infrastructure, as part of efforts to improve its data exchange and management network. A document published by the National Development and Reform Commission and two other authorities states that China…

Meta’s Motivo AI Model Could Deliver More Lifelike Digital Avatars: Here’s How it Works

Meta’s Motivo AI Model Could Deliver More Lifelike Digital Avatars: Here’s How it Works

#news #newstoday #tech #technews #latestnews #techupdates #newsupdates Meta is researching and developing new AI models, that could have potential uses in Web3 applications. The Facebook parent firm has released an AI model called Meta Motivo, that can control the bodily movements of digital avatars. It is expected to make the…

Ernst & Young Introduces Metaverse, AI to Its Hiring Process With New eVe Platform 

Ernst & Young Introduces Metaverse, AI to Its Hiring Process With New eVe Platform 

Ernst & Young (EY), one of the ‘Big Four’ consultancy firms, has integrated the metaverse element from Web3 into its hiring process. The London based firm, that also has offices in India, has launched a service called eVe, that essentially offers a warm-up pre-interview preparation for candidates applying for a…

Dubai Customs Launches Blockchain Platform for Reduced Paperwork, Tamper-Proof Data Sharing

Dubai Customs Launches Blockchain Platform for Reduced Paperwork, Tamper-Proof Data Sharing

Dubai Customs has launched a new blockchain platform to optimise commercial operations within the region, which is increasingly being seen as a pro-technology market. In an attempt to deal with some of the roadblocks that hinder the entrepreneurial sector in Dubai, the customs department is exploring the use of blockchain…

Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs

Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs

Meta has listed fresh job openings for its metaverse unit at its headquarters in California, after recent layoffs at its Reality Labs unit. The social networking giant is looking for professionals proficient in generative AI (GenAI), which suggests that that it could integrate the nascent technology with its metaverse-related efforts…

Meta Restructures Reality Labs Team, Forms Two Separate Divisions for Metaverse, Wearables: Report

Meta Restructures Reality Labs Team, Forms Two Separate Divisions for Metaverse, Wearables: Report

Meta is attempting to enhance and streamline its operations in the Web3 and wearables markets. The company has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets and the other will dedicate its time to hardware wearables that Meta…

Metaverse in Healthcare Market Size to Touch 71.6 Billion by 2030 Amid Increasing Adoption, Awareness: Report

Metaverse in Healthcare Market Size to Touch 71.6 Billion by 2030 Amid Increasing Adoption, Awareness: Report

Metaverse technology has seen increasing adoption across multiple industries over the past few years. A report by research firm InsightAce Analytica has detailed the impact that metaverse technology is projected to have on the global healthcare sector. One of the main improvements that the metaverse is expected to show in…

Privacy, Wearables, and Building a Secure Web3 Ecosystem: Interview With Mai Labs

Privacy, Wearables, and Building a Secure Web3 Ecosystem: Interview With Mai Labs

Mai Labs — a Web3 firm headquartered in the Cayman Islands — showcased its Mayaaverse metaverse platform in India earlier this week. The firm demonstrated the platform that digitally traces India’s journey through history. Mayaaverse allows visitors to explore ancient Indian cities (such as Hastinapur) to present-day temples, modern retail…