Late last year Facebook rebranded itself to Meta, shifting its focus to setting up a Metaverse and operating it. Since then, Meta has been trying to bolster its team and focus on augmented reality (AR), reportedly bringing in top tech talent from teams at Apple and Microsoft.
According to a company report wall street journal Hired 100 staff members from Microsoft’s HoloLens AR headset team. A similar pattern was also seen of Apple employees leaving the company to join Meta, but the iPhone maker has already started protesting to retain its employees.
according to a bloomberg Reports from December 2021, Apple introduced attractive stock options and bonuses for its employees. These stock options and bonuses range from $50,000 to $180,000.
Meta is currently in the process of creating its own Metaverse. According to the company’s vice president, Nick Clegg, while tech enthusiasts are still catching on to the concept of the metaverse, escaping into space is essential for meta.
Meta’s CEO, Mark Zuckerberg, envisions the Metaverse as a place where people will be able to teleport instantly in the form of a hologram, whether it’s “at the office, at a concert with friends, or to catch up with your parents.” Let’s be in the living room.”
The Metaverse concept is on a meteoric rise, with both Apple and Microsoft also interested in owning and operating their products in the space. To recall, Microsoft CEO Satya Nadella tweeted about the Metaverse concept last year, which you can read below:
The metaverse is here, and it is changing not only how we see the world but how we participate in it – from the factory floor to the living room. to keep track. pic.twitter.com/h5tsdYMXRD
— satya nadella (@satyanadella) November 2, 2021
Apple has reportedly been developing its own mixed-reality (MR) headset for some time now, which will complement its own vision of the metaverse. It is being said that Apple will release the MR headset later this year.
bloomberg intelligence It expects the market opportunity for the metaverse to reach $800 billion by 2024, a report said.
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