At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

Virtual reality was once promised to be the future of not only video games, but social media. Is that future still possible? NPR's Ailsa Chang talks to Vishal Shah, VP of the Metaverse, to find out.

An Epic Games dev has revealed a look at an early Fortnite Metaverse lobby, and the community is divided over how they feel about its current state.

The metaverse was supposed to be transformative. In March 2022, Meta CEO Mark Zuckerberg called it “the next chapter of the internet overall.” Three years ago, Satya Nadella, CEO at Microsoft, wrote ...

Commercial activity no longer remains confined to physical marketplaces. Digital ecosystems driven by immersive technologies now host complex economic interacti ...

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday. The shift follows reports that Meta ...

Forbes contributors publish independent expert analyses and insights. Cortney is an expert in smartglasses, VR, AI, and the future of work. This voice experience is generated by AI. Learn more. This ...

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...

Neil Stephenson introduced the metaverse as a concept in his 1992 novel Snow Crash, where he depicted it as a digital realm where users, represented by avatars, engage in a simulated reality.