Alibaba lays off dozens from metaverse department: report

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).

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaChinaUnited States

Topics: Metaverse Alibaba Artificial intelligence Business AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 04:00:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 581 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23458524

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