"Building the metaverse is a long-term project, but the rationale for it remains the same and we remain committed to it," Meta CEO Mark Zuckerberg said.
June 29, 2023 at 11:46 AM
4 minute read
The tech industry’s newfound cost-consciousness—what Meta CEO Mark Zuckerberg dubs “the year of efficiency”—could result in industry players underinvesting in the metaverse, a study from KPMG suggests.
The April survey of 767 tech, media and telecom executives worldwide found respondents had high hopes for the emerging field, which uses virtual reality, augmented reality and other advanced internet technologies to create lifelike personal and business experiences online.
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