In an unfortunate turn of events, the tech industry has seen a massive reduction in its workforce during 2022 and 2023. Countless top tech companies have issued layoffs or cut their employees’ salaries as the market begins to tumble. This is yet another reminder of how fast the world changes – especially in the technology space. Now that new troubling …
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The CEO of Meta, Mark Zuckerberg, is determined to make the metaverse a popular reality. Despite his efforts, the company has incurred heavy losses, as seen in its recent financial report. The financial report, released on Feb.1, reveals a staggering $13.7 billion loss in 2022. The bulk of this loss can be attributed to Meta’s Reality Labs division, tasked with …
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The Dubai International Financial Centre (DIFC) has launched a new platform that will allow Dubai’s aspiring metaverse start-ups to attract the global metaverse community and investors who are constantly looking to invest in the virtual world. The platform, called the Metaverse, is designed to help businesses create their virtual worlds and digital experiences. It will allow businesses to create virtual …
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