Who tomorrow’s music business is being built for
This analysis is based on the latest data available as we went to press in March 2021. Vogue reported a piece of Dolce and Gabbana digital wearable art, titled the ‘Mosaic Impossible Jacket’ was sold for around $300,000. Of course, the eruption of NFTs (Non-Fungible Tokens) has highlighted a way to protect and track one’s digital asset ownership, since the data from each purchase is stored on the blockchain. The managers also reported they had removed telemedicine company Teladoc and Peloton from its portfolio. Since its launch in 2018, the trust’s share price and NAV has returned 59.4 per cent and 91.5 per cent, respectively, although this still trails the S&P which has returned 103.4 per cent.
As a result, trends that did not have the expected success last year, such as the metaverse and blockchain technology, are very likely to boom in 2023. In this Head-to-Head interview, Tara McGeehan, President, CGI UK and Australia discusses the current state of the Metaverse and whether business leaders should be paying more attention and investing in these technologies. The net effect is that both live and living room entertainment could become much more personalised and interactive, particularly as bandwidth, latency, graphics processing and rendering technology all improve. Widespread use of VR and/or AR could fuel another major step-change in the traffic travelling over telecoms networks. All VR apps and many AR apps will require vast amounts of data to be processed to render the necessary digital images. In short, telecoms operators could and should benefit from mass-market adoption of VR and AR.
Roblox is coming to Meta Quest!
Sign up for our daily update to get all the latest marketing news, trends, analysis and opinion direct to your inbox. The emphasis is more on striking the right tone based on the type of email being written, and the new AI features can help with that. Gmail can also help with common tasks, for example, taking a few bullet points you’ve written about a meeting and turning them into a professional summary to share via email. There’s even going to be an AI “I’m feeling lucky” option if you’re feeling brave. Pierson is a digital threat investigator and affiliated researcher at the Minderoo Centre for Technology & Democracy in Cambridge, and has previously worked with Microsoft and Meta. But Kristensson believes the metaverse will also open up new opportunities to people who are marginalised by disability.
The Metaverse and any virtual platform will be the most interesting territories to build rich sensorial experiences. I do love the Hydro Lola Bag that Burberry has on Roblox but virtual goods are only the start. Bias, conspiracy theories and fake news will be minimised by the speed and access genrative ai of information and less prominent on product and brand comms than political environments. As future tech is described in Merge, “it knows your likes and dislikes, understandsyour habits and is able to use information to automate complex tasks on your behalf, like organising a holiday.
Video and application optimisation
Gen Alpha’s embrace of experiential technologies has also impacted how they interact with the physical world. We don’t want to over-generalize about a generation whose identity is still emerging. But as the mom of Gen Alpha kids, I’ve observed that it is a highly intelligent, creative, and tech-savvy cohort. They are outspoken kids, willing to voice their concerns and make their impact felt. And they’re extremely proficient with technology, enjoying virtual fashion and gaming as much as sports and music.
A prolific businessman and investor, and the founder of several large companies in Israel, the USA and the UAE, Yakov’s corporation comprises over 2,000 employees all over the world. He graduated from the University of Oxford in the UK and Technion in Israel, before moving on to study complex systems science at NECSI in the USA. Yakov has a Masters in Software Development.
In the 31 countries polled, two-thirds (67%) feel they have a decent understanding of what AI is, yet just half (51%) know which products and services employ AI. The majority of individuals polled across all countries believe AI-powered products and services will significantly alter their daily lives in the next few years. On average, 57 per cent of workers anticipate that AI will affect the way they conduct their present job, while 36 per cent anticipate that it will replace their existing job. “The purpose of the metaverse is to enable new interactive entertainment experiences,” Herman Narula, Improbable’s co-founder and CEO, told CNBC.
As the industry continues to evolve, Inworld’s pioneering technology and its unwavering dedication to empowering developers make it a formidable force in the world of AI-driven gaming experiences. Inworld’s compatibility with various tech stacks has made it a preferred choice among developers. The company’s integrations with game engines like Unity and Unreal Engine – as well as other platforms like Roblox, React, Node.js, C++, and Minecraft – have expanded its reach across different industries. The raised capital will be channelled into accelerating research and development efforts, recruiting top talent, enhancing Inworld’s proprietary Character Engine, expanding infrastructure, and open-sourcing parts of their platform. This latest financial boost provides Inworld with an extended runway to support developers and drive innovation in generative AI for the gaming industry. Artificial Intelligence is crucial towards driving that change and there is rightly a lot of buzz around ChatGPT, the fastest growing web app ever, and AI lately.
“I think about the metaverse as life extended; it’s life augmented; it’s life better” shares Liz Bacelar, Global director of Innovation at Estee Lauder, at the GDS CX Innovation summit. Sjuul van der Leeuw, CEO of Deployteq, acknowledged the transformative genrative ai impact of AI on businesses. The CEO noted its potential to enhance efficiency and revolutionise traditional job roles. However, van der Leeuw emphasised that the focus should be on using AI to optimise and empower workers, rather than replacing them.
Some argue that even though the excitement has tapered off, it doesn’t mean that the Metaverse is not going ahead. The Metaverse, like most things, was once the “shiny new thing,” but now that attention is on ChatGPT, it’s been talked about less. “Are you still talking about the Metaverse?” has become a common comment every time someone brings it up now. If the Metaverse is worth the hype that Mark Zuckerberg promised, he has to do a lot to keep us engaged with its developments. But as of now, ChatGPT is clearly the shiny new thing and more accessible than the Metaverse. Meanwhile, in operational situations, it makes sense that augmented and hybrid reality solutions will be more useful than virtual reality.