News

Metaverse is gigantic $30 trillion upcoming revolution!

According to a 2018 report from Goldman Sachs, the global virtual economy is expected to reach $2.7 trillion by 2025 and could be worth as much as $7.5 trillion by 2030. It is likely that the metaverse economy will be worth a significant amount by 2035.

Published

9 months ago

December 30, 2022

Editor

Metaverse

What will be economy of metaverse worth in 2035?

It is impossible to accurately predict the economy of the metaverse in 2035 since it is still in its early stages of development. However, as the technology becomes more widespread, the economic value of the metaverse is expected to grow significantly. According to a 2018 report from Goldman Sachs, the global virtual economy is expected to reach $2.7 trillion by 2025 and could be worth as much as $7.5 trillion by 2030. It is likely that the metaverse economy will be worth a significant amount by 2035.

What is Metaverse, by the way?

Metaverse is a decentralized, open-source blockchain platform for digital asset creation, issuance, and circulation. It is designed to provide an ecosystem for digital finance and decentralized applications. With Metaverse, users can create and manage digital identities, issue digital assets, and build decentralized applications. The platform is powered by a native cryptocurrency, called Metaverse ETP (ETP).

And what is Virtual World

Virtual Worlds are computer-based simulated environments that allow users to interact with one another in a 3D world. They are often used for social networking, entertainment, education, and corporate training. Virtual Worlds may include elements such as 3D avatars, virtual currency, virtual goods, and customizable environments.

Young woman wearing virtual reality headset, doing suats exercise with resistance band, in neon colored metaverse gym class

How creators can benefit from metaverse economy?

Creators can benefit from the metaverse economy by monetizing their creations. This could be done through virtual storefronts, where users can purchase virtual goods or services related to the creator’s content. For example, a gaming creator could create custom skins for their game that can be bought in-game and then resold for a profit. Additionally, creators can take advantage of the ability to create and sell virtual real estate within the metaverse or host virtual events or experiences for users. Finally, creators can also use the metaverse to promote their work and engage with their audiences in a more interactive way.

How investors can benefit from metaverse economy?

Investors can benefit from the metaverse economy in a variety of ways.

1. Investing in Digital Assets: There are a variety of digital assets that can be acquired in the metaverse, such as virtual land, virtual goods, virtual currency, and virtual items. These assets can be bought and sold on metaverse marketplaces, providing investors with the potential for high returns.

2. Investing in Metaverse Companies: Investing in companies that are part of the metaverse can be lucrative as well. Metaverse companies are often focused on creating virtual worlds and providing services that are used by users within these virtual worlds, such as gaming, shopping, and other activities. Investing in these companies can provide investors with the potential for large returns.

3. Investing in Platforms: Platforms that are used to create and manage virtual worlds are also a great way for investors to benefit from the metaverse economy. Platforms such as Decentraland, Cryptovoxels, and Somnium Space are all popular platforms within the metaverse, and investing in these platforms can help investors gain exposure to the metaverse economy.

What are components of persistent immersive metaverse?

Scalable, persistent 3D virtual world: This should be a virtual world that is constantly evolving and expanding, with the ability to scale up or down to accommodate different numbers of users.
Real-time physics engine: This engine should be able to accurately simulate physical interactions between objects and players, as well as the environment.
Realistic avatar design and animation: Avatars should be customizable and highly detailed, with realistic facial expressions and body movements.
Social interaction: Players should be able to interact with each other through chat, voice, and other emotive features.
Commerce system: A virtual economy should be in place, allowing users to purchase and sell goods and services.
Content creation tools: Players should have access to tools to create and customize their own in-game content.
Privacy and security: Users should feel safe and secure in their virtual world, with the ability to control their own privacy settings.

How can I create a fully functional metaverse?

Creating a fully functional metaverse requires a lot of effort and resources. Some of the steps involved include:

Developing a virtual world platform: This includes creating a 3D virtual world engine, designing the environment, and developing the tools to allow users to interact with each other and with objects in the world.
Developing an economy: This includes creating a virtual currency, setting up virtual stores and markets, and providing resources to facilitate trade.
Establishing governance: This involves creating rules, regulations, and laws to protect users and ensure a safe environment.
Integrating with existing platforms: This includes connecting to social networks and other platforms to allow for external communications, as well as allowing users to access their accounts from the metaverse.
Creating content: This includes developing interactive 3D environments, designing avatars and objects, and creating engaging experiences for users.

What are top upcoming metaverse platforms?

1. Decentraland

2. Xeroland

3. Somnium Space

4. Cryptovoxels

5. Sinespace

6. NeosVR

7. VRChat

8. The Sandbox

9. MetaverseX

10. Omniverse

Up Next

Unlocking the Potential: How AI and ML are Transforming the Metaverse and Virtual Worlds

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AI

AIA: Unleashing the Next Big Revolution in the Metaverse

Discover AIA, the groundbreaking AI Avatar developed by XEROTECH, revolutionizing the metaverse with its immersive interactions and advanced capabilities in facial recognition and situation awareness. Explore the future of AI in the metaverse with AIA’s human-like presence and engaging experiences.

Published

4 months ago

May 23, 2023

Editor

AIA, the next-generation AI Avatar, providing expert advice to a patient in a futuristic clinic setting. Photo credit: XEROTECH

The Revolution Continues: AIA – The Next Generation AI Avatar for the Metaverse

Welcome to Metaverse Magazine, where we bring you the latest insights and innovations shaping the metaverse landscape. In this article, we are thrilled to introduce you to AIA, the cutting-edge AI Avatar developed by XEROTECH. AIA represents the next big revolution after ChatGPT by OpenAI, as it goes beyond text-based interactions, offering a truly immersive and interactive experience.

AIA: The Avatar Redefining AI in the Metaverse:

At XEROTECH, our mission is to push the boundaries of technology and pioneer groundbreaking solutions. AIA, short for Artificial Intelligence Avatar, is a remarkable creation that brings generative pre-trained transformers (GPT) to life. By combining the power of large language models (LLM) with machine learning (ML) for facial recognition and situation awareness, AIA redefines AI presence in the metaverse.

Unleashing the Power of Generative Pre-Trained Transformers:

Generative pre-trained transformers have revolutionized the field of natural language processing, enabling AI systems to generate human-like text. AIA takes this technology to new heights by providing a visual representation of the AI system, giving it a face, voice, and ears. It elevates the interaction with AI to a whole new level, fostering a more engaging and immersive experience for users.

Facial Recognition and Situation Awareness:

One of the key features of AIA is its advanced facial recognition capabilities. With its ability to analyze facial expressions and emotions, AIA can understand and respond to users’ non-verbal cues, making interactions more nuanced and human-like. This breakthrough opens up possibilities for enhanced communication, empathy, and personalization in the metaverse.

Additionally, AIA incorporates situation awareness, allowing it to understand the context in which it operates. This contextual understanding enables AIA to adapt its responses and behaviors accordingly, making interactions more relevant and meaningful.

XEROTECH’s Press Release: Unveiling the Future:

On May 23, 2023, XEROTECH released an official press release, announcing the debut of AIA and its game-changing impact on the metaverse. The press release highlights how AIA bridges the gap between AI and human users, enabling seamless and natural interactions. It emphasizes the potential applications of AIA in various industries, including entertainment, education, customer service, and more.

AIA Demo

Conclusion:

The metaverse is evolving rapidly, and with AIA, XEROTECH is at the forefront of this transformative journey. AIA represents a significant leap forward in AI capabilities, offering an immersive and interactive experience in the metaverse. With its ability to give a face, voice, and ears to generative pre-trained transformers, coupled with advanced facial recognition and situation awareness, AIA has the potential to revolutionize how we engage with AI systems.

Stay tuned for more exciting updates on AIA and XEROTECH’s ongoing advancements as we continue to shape the future of the metaverse.

Disclaimer: This article is based on the press release issued by XEROTECH on May 23, 2023. For further information, please refer to the official press release or visit XEROTECH’s website here.

AI

Character.AI, the Zero Revenue AI Chatbot, Raises $150M Led by Andreessen Horowitz

AI chatbot startup, Character.AI, has raised $150 million in funding from Andreessen Horowitz, despite having no revenue to date. The Menlo Park-based company enables users to create customized AI companions with specific personalities and values and has already attracted 100 million monthly site visits since its launch six months ago.

Published

5 months ago

May 6, 2023

Editor

Character.AI, the AI chatbot startup that enables users to create customized AI companions with specific personalities and values, has raised $150 million in a funding round led by Andreessen Horowitz, valuing the company at $1 billion. The company is also in talks with cloud providers for more strategic investment. Despite having zero revenue, Character.AI has already attracted 100 million monthly site visits since its launch six months ago.

In a funding round led by Andreessen Horowitz, Character.AI has raised $150 million, despite having no revenue to date. Character.AI is an AI chatbot startup that enables users to create customized AI companions with specific personalities and values. The company has already attracted 100 million monthly site visits since its launch six months ago and plans to use the funding to train its self-built models and expand its 22-person team.

The billion-dollar valuation of Character.AI, despite having no revenue, is yet another example of the continued AI funding boom since OpenAI’s ChatGPT became a widely recognized name. The company is also in talks with cloud providers for more strategic investment. In 2023, AI investment to date has surpassed the full-year amount in 2020 of $1.5 billion, according to PitchBook data.

Character.AI’s users already spend an average of more than two hours a day on the site, according to the company. The Menlo Park, Calif.-based company is launching a new model that adds more productivity capabilities, including drafting emails and assisting with test prep, on top of its current use cases such as entertainment, roleplay, and emotional support. Although not currently generating any revenue, Character.AI plans to launch a paid subscription “in the not distant future,” while keeping the current free version available.

Despite having no revenue, Character.AI has attracted $150 million in funding and a $1 billion valuation. The company is set to expand its team and self-built models and is in talks with cloud providers for more strategic investment. The company’s users already spend an average of more than two hours a day on the site, and Character.AI plans to launch a paid subscription in the future.

Reference: Reuters. (2023, March 23). AI chatbot Character.AI, with no revenue, raises $150 mln led by Andreessen Horowitz. Reuters. https://www.reuters.com/technology/ai-chatbot-characterai-with-no-revenue-raises-150-mln-led-by-andreessen-horowitz-2023-03-23/

AI

Microsoft Germany CTO Announces GPT-4 Launch with Video Generation Capabilities

Microsoft Germany CTO Andreas Braun has announced the launch of GPT-4, the fourth generation of the revolutionary large language model (LLM) that enables machines to comprehend natural language. GPT-4 is expected to offer new possibilities including multi-modality, video processing, and faster responses. It will be a game changer in AI and another leap towards accurate human interpretation.

Published

7 months ago

March 10, 2023

Editor

Image of AI Brain with text Breaking News GPT-4 coming next week.

GPT-4 to Revolutionize AI Industry with Enhanced Multimodal Capabilities

Mar 10, 2023 01:00 EST By Hussain Kashif

The upcoming release of Chat GPT-4, the fourth generation of the large language model (LLM), is generating considerable excitement in the Artificial Intelligence (AI) community. According to Microsoft Germany CTO Andreas Braun, GPT-4 will offer new possibilities, including multi-modality and video processing, and will be a game changer in AI as it takes another leap towards accurate human interpretation. The release of GPT-4 is expected to revolutionize the AI industry with its improved functionality, accuracy, and efficiency.

Functionality:

GPT-4 is expected to have several new features and improvements over its predecessor, GPT-3.5. Users can engage through multiple modes such as text, images, videos, and sounds due to its multi-modal capabilities. It is also a versatile tool for content creation as GPT-4 is capable of generating videos. Moreover, GPT-4 is expected to provide faster responses than GPT-3.5, with more human-like responses, allowing for better communication and understanding.

Use Cases:

GPT-4 has a wide range of potential use cases across various industries. It can provide personalized and adaptive learning experiences in EdTech. In HealthTech, GPT-4 can be used to develop virtual assistants and chatbots to provide patients with personalized care, reducing the workload of healthcare professionals. In content creation, GPT-4 can create highly engaging and personalized content, increasing audience engagement and satisfaction. GPT-4 can also generate highly realistic and accurate special effects, reducing the cost and time required for production in film and media.

Improvements:

GPT-4 will bring several improvements to the AI industry. Its improved functionality will allow for better communication and understanding between humans and machines. The multi-modal capabilities of GPT-4 will provide a more immersive and engaging experience for users. Its faster responses and more human-like responses will make it easier for humans to interact with machines, reducing the need for specialized training or technical knowledge.

Benefits to Industry, Academia, Governments and Individuals:

The release of GPT-4 will have several benefits for various stakeholders. GPT-4 will provide companies with a powerful tool for communication, content creation, and automation, reducing the workload of employees and increasing productivity. In academia, GPT-4 can be used to develop new educational tools and resources, allowing for more personalized and adaptive learning experiences. In governments, GPT-4 can be used to improve public services and provide personalized assistance to citizens. For individuals, GPT-4 can provide personalized and adaptive experiences across various domains, including education, healthcare, and entertainment.

Conclusion:

The release of Chat GPT-4 is expected to revolutionize the AI industry with its improved functionality, versatility, and accuracy. GPT-4 will provide companies, individuals, and governments with a powerful tool for communication, content creation, and automation. The release of GPT-4 will have several benefits for various stakeholders, including increased productivity, personalized and adaptive experiences, and improved public services. Overall, the release of GPT-4 is expected to have a significant impact on the AI industry and beyond.

Reference: Neowin. (2023, March 10). Microsoft says GPT-4 coming next week with video features. Retrieved from https://www.neowin.net/news/microsoft-says-gpt-4-coming-next-week-with-video-features/

Reference: University of Metaverse. (2023, March 10). Microsoft says GPT-4 coming next week with video features. Retrieved from https://umetaverse.ca/2023/03/10/microsoft-germany-cto-announces-gpt-4-launch-with-video-generation-capabilities/