Decentraland Partners with Inworld to Introduce AI NPCs in the Metaverse


Tencent's AI assistant 'Yuanbao' is testing a social feature 'Yuanbao Pai', integrating QQ Music and Tencent Video for shared listening and viewing, enabling cross-platform social interaction.....
Meta plans to cut the budget for its metaverse division next year, with the reduction possibly reaching 30%, which may affect the Quest headsets and the Horizon Worlds project. The company had previously invested billions of dollars, but recent strategic adjustments indicate that its investment in the metaverse may slow down.
Sales of AR/VR glasses on AliExpress skyrocketed by 600% during March's big promotion. A strategic brand globalization plan is credited with helping Chinese brands achieve this significant breakthrough in the international market.
Recently, Tianjin Academy of Fine Arts held a grand unveiling ceremony for the first artificial intelligence art academy in Chinese universities. The establishment of this academy marks a new milestone in the integration of artificial intelligence and art. Source Note: Image generated by AI, image authorized by Midjourney. The main goal of the Artificial Intelligence Art Academy is to build a platform to promote cooperation among artists, scientists, research institutions, and innovative enterprises. The academy will focus on achieving innovation and breakthroughs in the fields of methods, tools, and scenarios of artificial intelligence art.
Meta (formerly Facebook) recently released its third quarter financial report for 2023. While the core business performed well, the hefty losses in the Metaverse division raised concerns among investors, causing the company's stock to drop over 3% in after-hours trading. This report highlights Meta's complex growth dilemma. Data shows that, as of September 30, Meta's third quarter revenue reached $40.6 billion, a 19% increase year-over-year, exceeding market expectations of $40.3 billion. However, the Metaverse business, Reality Labs, reported significant losses.