In the fast-paced tech landscape of 2023, artificial intelligence (AI) emerged as the driving force, with industry giants like NVIDIA, Google, Microsoft, and OpenAI spearheading groundbreaking advancements. Even Meta Platforms, under the leadership of CEO Mark Zuckerberg, eagerly embraced the AI wave, envisioning its integration across the entire Meta product spectrum.
AI’s Dominance and Metaverse’s Pause:
Amidst this AI excitement, the Metaverse, a concept promising immersive digital reality, experienced a momentary slowdown. The question arises: Can 2024 reignite and define the trajectory of the Metaverse? Wagner James Au, author of “Making a Metaverse That Matters,” shares insights in Yahoo Finance’s 2024 Investor Guide.
Generative AI and Social Context:
Au highlights the critical role of a social use case for the successful implementation of generative AI. Despite initial Metaverse enthusiasm, defined by influential novels like “Snow Crash,” there’s been substantial growth in monthly active users, exceeding 600 million. Leading this surge is Roblox, a standout Metaverse platform leveraging generative AI for user-driven creation of virtual worlds.
Investment Opportunities in the Metaverse:
For investors eyeing the Metaverse momentum, Roblox stands out as a leader. The outcome of the Epic Games versus Google lawsuit also holds significant implications, especially given Epic Games’ pivotal role in the Metaverse with Fortnite.