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Today’s Tech Leaders Set the Metaverse Stage

Posted October 08, 2021

Ray Blanco

By Ray Blanco

Today’s Tech Leaders Set the Metaverse Stage

The stage is set for the metaverse to explode as one of the biggest tech trends of the 2020s.

And today’s biggest tech leaders are already lining up for a piece of the action. 

Microsoft’s CEO Satya Nadella is positioning the company to profit in an environment where he expects tech’s share of GDP will double by the end of the decade. A large piece of that growth will happen as the metaverse explodes.

Nvidia’sCEO Jensen Huang believes the metaverse economy will eventually be bigger than the current economy. 

And when asked what new technology excites him the most, Apple’s CEO Tim Cook answers: augmented and virtual reality.

In other words, the metaverse...

Speaking of tech leaders, Facebook has been in the spotlight lately. 

Controversy over the company’s social media network and a service outage on Monday have kept it in the news. 

Even still, Facebook aims to become a major metaverse player. 

However, there’s one thing Facebook hasn’t been in the news for lately… its investments in the metaverse. 

Facebook is putting up $50 million to build a metaverse in what it refers to as a “responsible manner.” While that might seem risible in the face of this week’s whistleblower scandal, the potential for Facebook is huge.

Facebook has been working for years to position itself ahead of metaverse going mainstream. Even as far back as 2014, the company dropped $2 billion to acquire VR headset developer Oculus. The company has been working on refining the headset technology ever since.

But the company has also been investing millions in creating a social metaverse where you can virtually meet in a 3D space for fun and play. Internally, Facebook has even created a metaverse business group including some of its top execs. It’s also beta testing a metaverse workspace for its developers, viewable on its Oculus Quest VR headset. 

At this point, there’s no doubt that the metaverse is rapidly approaching. 

And if you follow my premium service Technology Profits Confidential, you can find even more extensive coverage on the metaverse and investment opportunities around it. 

To a bright future,

Ray Blanco

Ray Blanco
Chief Technology Expert, Technology Profits Daily
AskRay@StPaulResearch.com

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