![]() ![]() That's only the tip of the iceberg.ĬEO Mark Zuckerberg said in the company's third-quarter conference call that Meta's investments in AR and VR to build the metaverse will reduce its operating profit by around $10 billion this year. It also recently took an initial step into augmented reality (AR) with the launch of smart glasses. Meta is already a leader in virtual reality (VR) with its Oculus devices. ![]() The company even recently changed its name from Facebook to better reflect its focus on the metaverse. No other company is investing as heavily in building the metaverse as Meta Platforms ( NASDAQ:FB). ![]() Nvidia CEO Jensen Huang believes that the metaverse "is going to be a new economy that is larger than our current economy." Nvidia's GPUs and technology platform are likely to be a critical part of the backbone of this new economy. The company thinks that Omniverse provides a foundation for the metaverse. They can also build simulated environments for testing or training AI systems for robots or self-driving cars before deploying them. Omniverse enables 3D simulation and design collaboration. Designers and engineers can create digital twins of anything in the physical world, including buildings and products. Nvidia introduced its Omniverse platform in 2019 and launched the beta version last year. ![]()
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