Chris Infotainment

The Concept of the Metaverse The term "metaverse," which first appeared in Neal Stephenson’s 1992 novel Snow Crash , refers to a "digital universe (Universe) that transcends reality (Meta)." It is a utopia where anyone can become a hero or a billionaire simply by wearing goggles. This science-fiction concept gained attention due to the COVID-19 pandemic. As non-face-to-face interactions became the norm, money poured into the metaverse worldwide. Microsoft acquired the game company Blizzard for 80 trillion Korean won, and Disney established a "metaverse business division," announcing plans to move its theme parks into the virtual realm. It seemed like the age of a "digital Columbus" had begun. The Metaverse Frenzy The metaverse craze was akin to a frenzy. Investments worth tens of trillions of won flowed in simply because companies claimed to be in the metaverse business, even without viable revenue models, and stock prices soared tens of time...

Meta's Strategic Shift: From Metaverse to AI Meta, formerly known as Facebook, has been at the forefront of developing 'metaverse' technology. However, recent reports indicate that the company is considering a significant budget reduction for its metaverse-related divisions by up to 30%. This move is part of a broader strategy to reallocate resources towards emerging technologies, particularly artificial intelligence (AI). The metaverse, once seen as the future of digital interaction, has experienced a decline in interest due to the surge in AI investments. As major tech companies pivot their focus towards AI, Meta is following suit, adjusting its priorities to align with current market trends. Budget Cuts and Organizational Restructuring According to Bloomberg News, Meta's management is contemplating a plan to cut the budget of metaverse-related teams by up to 30% next year. The affected departments include 'Reality Labs,' which oversees the metaverse, vir...