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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Regulatory overhang notwithstanding, China is seeing rising interest among tech firms in all things metaverse.
Editor's note: It may be the big buzzword in technology, but the metaverse—what it means, what it entails and so on—remains a virtual mystery for most. In January, Microsoft cited it as a reason for its acquisition of Activision Blizzard for a whopping $68.7 billion, saying it will provide “building blocks for the metaverse”. Last year, Facebook rebranded itself as Meta Platforms and saw founder Mark Zuckerberg talking up the technology endlessly. Meta’s Reality Labs segment has already pumped $10 billion into the metaverse—an astronomical figure that comes amid Facebook’s first ever fall in user growth in the December quarter. Google and Apple also seem to be working on devices and technologies that would work in the metaverse. The South Korean government has announced it will support metaverse companies. Indian firms ranging from Infosys to Tech Mahindra have said they want in too. So, what is the metaverse? The metaverse refers to a virtual world that incorporates various elements of augmented reality, virtual reality and social media. For some, cryptocurrency and blockchain applications will also be a core part of this. Think …
Regulatory overhang notwithstanding, China is seeing rising interest among tech firms in all things metaverse.
Editor's note: It may be the big buzzword in technology, but the metaverse—what it means, what it entails and so on—remains a virtual mystery for most. In January, Microsoft cited it as a reason for its acquisition of Activision Blizzard for a whopping $68.7 billion, saying it will provide “building blocks for the metaverse”. Last year, Facebook rebranded itself as Meta Platforms and saw founder Mark Zuckerberg talking up the technology endlessly. Meta’s Reality Labs segment has already pumped $10 billion into the metaverse—an astronomical figure that comes amid Facebook’s first ever fall in user growth in the December quarter. Google and Apple also seem to be working on devices and technologies that would work in the metaverse. The South Korean government has announced it will support metaverse companies. Indian firms ranging from Infosys to Tech Mahindra have said they want in too. So, what is the metaverse? The metaverse refers to a virtual world that incorporates various elements of augmented reality, virtual reality and social media. For some, cryptocurrency and blockchain applications will also be a core part of this. Think …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
