Sony Group has announced an investment of approximately $2.13 billion (300 billion yen) into research and development within its gaming sector for the fiscal year ending in March 2024, highlighting the corporation’s aggressive drive towards the metaverse industry.

Infinite Reality (iR) has partnered with Vodafone Digital Asset Broker (DAB) to develop a Metaverse Showroom experience at London Tech Week. The collaborative project from the companies resulted in a digital experience that claims to highlight the future of sales and customer engagement.

XCMG Machinery, a Shenzhen Stock Exchange-listed company, has announced the launch of its updated industrial internet platform, HANYUN OS 2023, at the 2023 Industrial Internet Conference. Among the several enhancements, a key feature of this release is the incorporation of digital twin technology.

Shanghai, China’s most populous city and financial hub, has unveiled an ambitious plan to develop its culture and tourism metaverse projects. By the close of 2025, the city expects to build an industry that generates annual revenues of 50 billion yuan ($6.9 billion). This initiative is part of the city’s broader strategy to tap into the metaverse technology, which it has identified as a significant driver of economic development.

Siemens is launching a substantial €2 billion investment strategy, aiming to expand its manufacturing capacity and foster innovation across the globe, in a bid to stay ahead in the race of digitalization, automation, and sustainability. The strategy includes a heightened focus on the industrial metaverse, an emerging frontier that promises to redefine the way industries operate.

For many technology enthusiasts, the metaverse has the potential to transform almost every facet of human life, from work to education to entertainment. Now, new Cornell University research shows it could have environmental benefits, too.

Verse Orlando, the Holographic TheaterSM, is announcing its ribbon cutting ceremony on June 29th, 2023 with the launch of Art of the Future, a celebration of augmented reality and artificial intelligence. Situated in the City of the Future at Lake Nona’s world famous Boxi Park, Verse Orlando is set to redefine the boundaries of machine-human evolution with an immersive exhibit that forces the question: In the world of art, is AI a tool, a collaborator, or a distraction?

Yesterday Apple has unveiled the Vision Pro, a so called ‘spatial computer’ that blends digital content with the physical world. This device introduces a three-dimensional user interface controlled by natural and intuitive inputs such as eye movements, hand gestures, and voice commands.

Mark Zuckerberg, CEO of Meta, recently introduced the highly anticipated Meta Quest 3, the successor to the Meta Quest 2, in a significant product announcement. The Meta Quest 3 aims to bring high-resolution color mixed reality to the mainstream.

One Notre Dame researcher says we should look beyond the hype to see how virtual reality can make scientists more effective. But to realize the benefits, researchers must also plan well and avoid potential pitfalls.