Meta’s AI, SAM capable of recognizing objects in images
Meta has launched a new artificial intelligence (AI) model to recognize individual objects within an image. The AI, called Segment Anything Model (SAM), is claimed to have the world’s largest dataset of image annotations....
Ocean Race partners with Virtual Regatta and Accenture to launch metaverse experience
Ocean Race, Virtual Regatta, and Accenture have joined forces to create an innovative metaverse event that offers a new way for fans to experience the iconic yacht race. The newly launched product allows players...
MIT Technology Review partners with Siemens AG in exploring the Emergent Industrial Metaverse
MIT Technology Review has teamed up with Siemens AG to delve into the emerging industrial metaverse, according to a recent announcement. A research report named “The Emergent Industrial Metaverse” will kickstart the partnership. The...
LandVault bags investment worth $3m to develop “WordPress” for metaverse worlds
London-based company LandVault has secured an investment of $3m (£2.4m) to create a digital world for users in the gaming industry, despite a recent decline in interest around the metaverse. The new funding comes...
Mattel presents Hot Wheels in mixed reality
Popular toy manufacturer Mattel has released a mixed-reality game called Hot Wheels: Rift Rally. The game combines real remote-controlled(RC) cars with virtual surroundings and effects to give players a digital race track experience in...
Elon Musk Leads Call to Halt AI Progress, Warning of Impending Danger to Society
Elon Musk and other experts have called for a halt in the development of Artificial Intelligence (AI), citing potential threats to society. In an open letter published on March 29th, Musk, along with AI...
Generative AI could put 300 million jobs at risk of automation —Goldman Sachs Report
Generative AI has the potential to automate about one-fourth of the jobs in the United States. This could put about 300 million jobs worldwide at risk of automation, according to a report released by...
Report Reveals Apple Showcases AR/VR Headset to High-Ranking Executives
Apple executives gathered at the Steve Jobs Theater in Cupertino, California, for an exclusive presentation of the company’s new AR/VR headset, according to a report from Bloomberg. Mark Gurman, a Bloomberg correspondent in a...
Disney cuts metaverse division and is set to lay off 7,000 employees
Walt Disney Co. is eliminating its metaverse division as part of a plan to reduce its workforce by 7,000 over the next two months to cut operating costs. Disney’s CEO, Bob Igler, announced on...
Irish tech companies seek to go beyond the Metaverse
Tech companies in Ireland are now seeking opportunities beyond the metaverse. In 2021, Meta’s CEO Mark Zuckerberg embarked on what many consider the most important pivot in the company’s history. At the Facebook Connect...