Facebook is setting up a research fund to invest $50 million for the development of the “metaverse,” the more immersive version of the internet that CEO Mark Zuckerberg believes will usurp mobile platforms and become Facebook’s primary focus. The money will be distributed over the next two years to schools, nonprofit organizations, governments and other partners working toward the...
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TikTok CEO Goes to Washington With a Disparate Band of Allies
TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s...
Virgin Orbit Nears $200 Million Funding Deal
Amazon Tests Palm-Scanning Technology at Panera Bread
Toyota Phases Out Amazon Alexa in Vehicles, Explores ChatGPT
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