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Showing news for Metaverse

February 15, 2022

There’s a Portrait of Jamie Dimon Hanging in JPMorgan’s Metaverse Lounge

(Bloomberg) -- JPMorgan Chase & Co. has a lounge in the metaverse: Visitors are greeted by a digital portrait of Jamie Dimon and a roaming tiger. Walk upstairs and you’ll see an executive’s presentation on the crypto economy.

February 10, 2022

Korea’s $200 Billion Wealth Fund Is Betting on the Metaverse and AI Startups

South Korea’s $200 billion sovereign wealth fund plans to boost investments in Silicon Valley startups as it looks to the metaverse and artificial-intelligence to accelerate its expansion in alternative assets.

February 7, 2022

Metaverse ETF Price Battle Starts Early as Roundhill Cuts Costs

(Bloomberg) -- A fee war is breaking out among exchange-traded funds jockeying to benefit from the push to create virtual worlds.

February 3, 2022

Facebook Has Probably Peaked. What Can Mark Zuckerberg Do Now?

The social network’s first ever drop in daily users is a landmark moment, and it is hard to see the company’s founder steering the company back to growth.

February 2, 2022

Zuckerberg’s Big Virtual Bet Has Yet to Give Meta Stock a Boost

Mark Zuckerberg isn’t winning many converts on Wall Street to his vision of his social-media company as a play on immersive digital experiences.

January 31, 2022

Meta-Backed Diem Association Confirms Asset Sale to Silvergate

The cryptocurrency project that Facebook founder Mark Zuckerberg took a beating from Congress on is officially over. The Diem Association has sold its intellectual property and other assets related to its payment network to Silvergate Capital Corp.

January 28, 2022

Facebook’s Crypto Failure Is a Red Flag for Its Metaverse Plans

Mark Zuckerberg has struggled to enter new growth areas without buying companies. That’s a problem.

January 25, 2022

Winklevoss Twins, Logan Paul Back Metaverse Startup Metaphysic

The Winklevoss twins’ venture capital firm and YouTube star Logan Paul are among a group investing in Metaphysic, an artificial-intelligence startup best known for fooling the world with deepfake videos of Tom Cruise.

January 20, 2022

What the Metaverse Is, Who’s In It and Why It Matters

The metaverse is a virtual universe that blends aspects of digital technologies including video-conferencing, games like Minecraft or Roblox, cryptocurrencies, email, virtual reality, social media and live-streaming. Quite how these pieces will fit togethe...