Mark Zuckerberg admits to burning a ‘significant’ amount of money into the metaverse
Bloomberg quoted Meta CEO Mark Zuckerberg as saying that he plans to invest heavily in the company’s metaverse ambitions and that means it will have to spend “significant” money on the project within 3 days. -next 5 years.
At Wednesday’s meeting, the CEO of Meta Platforms said the metaverse, a vibrant digital world, will eventually monetize the creative economy, as people build businesses that sell goods and services. virtual service.
“We want hardware to be as affordable as possible for everyone and make sure the digital economy thrives,” Zuckerberg said. Meanwhile, the company is also betting on revenue growth from its investment. invest in its Reels short-form video service”.
The latest statements of CEO Zuckerberg once again confirm his determination with the new business. However, in reality, Meta’s virtual universe ambitions are facing many difficulties.
According to CNBC, at least four senior employees of the Meta AI department have left their jobs in the first months of 2022. The source of CNBC said these are experts with many academic posts in famous journals and also are the talents who create breakthrough techniques for both Facebook and Instagram.
Entrepreneur Karl Hermann, an expert who used to work at DeepMind, said the number of talented people leaving Facebook could be up to 6 people and warned that the staff at the AI ​​department of Meta’s London branch was in an alarming situation.
“The London branch meta is collapsing because they lost most of their researchers in just six weeks,” said expert Hermann.
Professor Neil Lawrence of the University of Cambridge said he was not surprised by this when Facebook turned to the virtual universe and neglected other parts: “Mark Zuckerberg is now willing to focus entirely on the virtual universe. and they didn’t invest anything decent in the London branch in the first place.”
One of those leaving Facebook is research expert Edward Grefenstette, who leads Meta AI’s research team on “Reinforce Learning”. In addition, expert Heinrich Kuttler of the Meta AI research engineering management team joined the Infection AI of LinkedIn billionaire Reid Hoffman and entrepreneur Mustafa Suleyman from DeepMind.
There is even a case like expert Ahmad Beirami leaving his position as a researcher at Meta to join Google with the same job. Or there are researchers like Douwe Kiela who have been with the company for 5 years but still give up to start their own Hugging Face project.
The move of many experts to quit Meta is showing alarming signs for Facebook. BuzzFeed’s report shows that the world’s largest social network is not as attractive as it used to be, as the time users spend on the company’s content fell 4% in the fourth quarter of 2021 compared to the same period last year. prior to.
Thus, the number of Facebook users has decreased and correspondingly, revenue from advertising as well as brand attraction. Some experts fear the social network has reached a saturation point and is unlikely to attract as many users as it once did.
Meanwhile, fierce competitors like Tiktok are emerging strongly, attracting more young people. Although Facebook has tried to launch a similar short video feature called Reels, they have not been able to successfully retain users.
Source: Bloomberg
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