The AI sector’s immediate before the launch of GPT-3 is filled with waning enthusiasm toward Metaverse Book hype.
Matthew Ball, the author of the 2022 book “The Metaverse: And How It Will Revolutionize Everything” and former global director of strategy at Amazon Studios, is re-releasing the book under a new, less impressive title: “Building the Spatial Internet.”
For clarity, the book will continue to be titled “The Metaverse.” However, the spatial internet component will supplant the previous language, which suggests that the metaverse will revolutionize everything.
Evidently, the revolution has either occurred and dissipated or is still imminent after two years. Regardless, the most recent edition of the book will be released on July 23.
Anticipation surrounding Metaverse
Ball sat down with Nilay Patel, the editor-in-chief of the Verge and the presenter of the Decoder podcast. The editor asked him questions about the metaverse’s apparent unrest since Facebook became an adjective.
He noted that the leading players have yet to depart the metaverse industry. He maintains that the metaverse and mainstream consumers are unlikely to achieve a singular moment in which they align and that things are still mainly proceeding according to plan.
The alteration in tone may suggest a realignment of expectations. Ball may be engaging in the same type of patient waiting game as Meta’s Mark Zuckerberg.
Meta has recently reduced its metaverse budget by 20%, following the extensive funding of its Reality Labs (formerly Oculus) division.
Initially, these indicators are detrimental to the metaverse’s development. Yet a more thorough examination reveals little more than the standard prototype, promote, and repeat cycle endemic to the US technology industry.
Artificial Intelligence(AI)
For instance, allegations that generative AI was nothing more than a mere fad reached a fever pitch before the launch of GPT-3. The debate has since shifted from whether chatbots will ever be helpful to how long it will be before they surpass human intelligence.
We may witness a similar consumer fatigue valley as individuals tire of hearing about the metaverse’s potential to revolutionize everything. At the same time, the industry remains in its pre-GPT-2 phase in terms of hardware. However, this may alter with the upcoming generation of headsets, glasses, and goggles.
For instance, Meta continues to possess several hardware components that are allegedly state-of-the-art and are expected to be in production for the next few years. Additional bullish indicators include Google’s sudden reported intention to acquire the Ray-Ban transaction from Meta concurrently with its pursuit of an ownership stake in its parent company. Despite the partnership’s previous failures, Google has again been associated with Magic Leap.
When viewed as an iterative technological cycle, the metaverse has made significant progress. This progress suggests room for a metaverse revolution beyond the marketing cycle. Nevertheless, there are no assurances in the realm of technology. Or it appears in the titles of books.