American Web2 giant commissioned a study from Deloitte on the impact of the meta-universe on U.S. gross domestic product
Metaworlds could add $760 billion to U.S. gross domestic product (GDP) by 2035.
This conclusion was reached by consulting giant Deloitte, which carried out the calculation by order of Meta*, writes Reuters.
The researchers believe that such a large amount is achieved through the use of technology in the defense sector, as well as in the medical and manufacturing.
Deloitte predicts that the entertainment industry, including video games and virtual phone calls, will account for a large share of the meta universe.
Meta believes that the technology will eventually replace mobile devices, writes Reuters.
The publication notes that Meta is lobbying for the benefits of the meta-universe for the European Union as well, predicting $538.2 billion GDP growth in the region due to the technology by 2035.
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For example, the editorial earlier noted that U.S. billionaire Peter Thiel even lost his position on the company’s board of directors over criticism of its obsession with virtual reality.
In October 2022, a 0.1% stakeholder in META, hedge fund Altimeter Capital
Management, called Zuckerberg to cut staff at the company and cut spending on developing the meta-universe.
According to Altimeter head Brad Gerstner, Meta’s substantial investment in “an unknown future is super-sized and terrifying even by Silicon Valley standards.”
As a reminder, at the end of 2022, Meta has spent nearly $14 billion on virtual reality development.
- But Meta’s efforts in the new direction are clearly not enough. Journalists from The Verge tried out the Quest Pro 2 virtual helmet and defeated the Horizon Worlds meta-universe. According to them, the helmet doesn’t always track eye position correctly, its charge lasts only two hours, and the technical part of the meta-universe is still raw. The Quest Pro, meanwhile, starts at $1499 in the U.S.
- Recognized by Russian authorities as extremist and banned on the territory of the country.