Roblox rival Rec Room to shut down after losses Tech A major rival to Roblox is shutting down after failing to turn its large user base into a profitable business, 10 years after its launch. Rec Room said it will close on June 1, despite having attracted more than 150 million players and creators and reaching a valuation of $3.5bn (£2.65bn) at its peak. In [...]
Why top law firms are betting big on virtual reality training | What’s the Context? Legal City AM's legal reporter Maria Ward-Brennan visits the law firm Herbert Smith Freehills to try out the virtual reality tools they are testing to train their lawyers.
Apple halves Vision Pro headset production plans as virtual reality given a reality check Vision pro Apple has slashed production forecasts for its $3,499-a-piece Vision Pro headset as the company experiences teething problems in its foray into virtual reality, according to reports. The tech giant has had to halve 2024 shipments for its mixed-reality headsets with predictions down from 900,000 to 400,000 in the first year, according to a Financial Times [...]
The over-hyped madness of the metaverse and the forgotten value of video August 11, 2022 The metaverse and Virtual Reality have had the weight of a number of large big technology companies behind it in the last year, spearheaded by the likes of Apple, Facebook, and Microsoft. Not only did the industry see its proliferation increase substantially over the pandemic, but the hype has yet to deter, particularly with speculation [...]
Ed Warner: The metaverse, Web3 and what it means for football club valuations May 5, 2022 In this week’s column, Ed Warner delves into the metaverse’s possible ramifications for the business of sport and considers the latest twists in the Chelsea sale saga. It was the shoes that put me in my place. Queuing to enter the SportsPro Live jamboree at The Oval last week, I scanned the footwear of my [...]
Next generation could spend 10 years in metaverse as industry booms April 19, 2022 The next generation could spend up to 10 years in virtual realities over the course of their lifetime, new research has revealed.
London’s Queen Mary students receive first lecture in the metaverse January 19, 2022 A group of Queen Mary third year medical students received their first lecture in the virtual reality (VR) world this week
Virtual reality nights out take on cinema: Adele at forefront of new craze June 29, 2021 Superstar Adele is at the forefront of a new craze sweeping pandemic-hit London: virtual reality nights out. The singer has been seen enjoying regular nights out at VR haunts since lockdown rules on going out were relaxed. Other stars reported to be hooked on the trend include fellow singer Skepta and broadcaster Jonathan Ross. The [...]
A day in the life of the worker of 2040 January 23, 2020 Looking back to 2000, it’s hard to imagine that anyone would have truly seen what was about to hit us, not just in our personal lives, but our professional ones too — from the invention of the smartphone and social media, to the humble USB stick. So, as we enter the next 20 years, CWJobs [...]
DEBATE: Following reports of the Dyson relocation, is Singapore the new go-to place for tech? January 24, 2019 Following reports of the Dyson relocation, is Singapore the new go-to place for tech? Elsa Hu, director of Asia at GP Bullhound, says YES. Singapore has long been the headquarters of choice for Southeast Asian tech startups, due to its mature business ecosystem, proximity to two of the world’s booming economies, huge talent pool, and attitude [...]