Crypto Blog
In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations.
The unit once had hundreds of employees and received significant investments in the “billions of yuan.” Despite the reduction in the employee count, the unit will still remain active and will shift its focus to metaverse applications, tools, and customer-oriented metaverse services. Industry observers believed that AR, virtual reality, and mixed reality technologies would serve as the primary gateways for users to engage with metaverse platforms in the future. Furthermore, Yuanjing developed a cloud-based operating system that facilitated the use of the metaverse in video games and various industrial sectors.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba: Massive Rally Stalls as Chinese Market Wavers - Time to Take Profits?Stocks Analysis by Investing.com (Alessandro Bergonzi) covering: Alibaba Group Holdings Ltd ADR. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com
Read more »
Chinese dronemaker DJI sues Pentagon over Chinese military listingChinese dronemaker DJI sues Pentagon over Chinese military listing
Read more »
Alibaba's international arm says its new AI translation tool beats Google and ChatGPTChinese e-commerce giant Alibaba’s international arm on Wednesday launched an updated AI translation tool aimed at merchants that want to sell globally.
Read more »
Which AI translator is best — Alibaba’s Marco MT, Google, ChatGPT or DeepL?Alibaba’s latest translation tool, Marco MT, enters the AI landscape, claiming to surpass established rivals like Google Translate, ChatGPT, and DeepL in accuracy and efficiency.
Read more »
Stocks making the biggest moves midday: Nvidia, DocuSign, Alibaba, Las Vegas Sands and moreThese are the stocks posting the largest moves in midday trading.
Read more »
Alphabet, Boeing and Alibaba fall premarket; Arcadium Lithium soarsAlphabet, Boeing and Alibaba fall premarket; Arcadium Lithium soars
Read more »