Alibaba lays off dozens from metaverse department: report

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CoinGeek 2w ago

Alibaba lays off dozens from metaverse department: report - CoinGeek

Quick Summary:

Alibaba joins fellow Chinese tech giant Baidu in scaling down its interest in the metaverse, with AI replacing the hype that the technology once attracted.

The post Alibaba lays off dozens from metaverse department: report appeared first on CoinGeek.

Despite falling out of favor, the metaverse could be a $3 trillion market by 2031, said the United States Financial Industry Regulatory Authority (FINRA).