WATCH: He talks to Yahoo Finance about a 2024 metaverse comeback led by Fortnite and Roblox.
Segment starts at approximately 1:35:20!
I woke up at 6:15 a.m. today to chat with the fine folks over at Yahoo Finance and talk about how the metaverse is poised to make a comeback in 2014. While I tried to explain that part, inevitably the topic centered around generative AI. , we are not yet clear how far Gen AI will scale. But looking at how the hundreds of millions of users of the Metaverse platform actually use it might help clarify that question.
Yahoo Finance articles, videos and transcripts are available here..
Here’s a New World Nots post about generative AI in the metaverse for supplementary material:
- AI probably won’t hinder 3D world creation, argues veteran game artist
- Will NVIDIA’s AI-powered NPCs make games more fun? This Star Wars: The Old Republic designer is concerned.
- How artificial intelligence is transforming the Metaverse platform and challenging the creators who make a living from it
He also talked about the importance of Rec Room, the metaverse platform partnering with Apple for Vision Pro. Additionally, here’s a Q&A memo we sent to Yahoo Finance producers in preparation for the show.
Where do we stand in relation to the metaverse? Is it making a comeback?The metaverse never went away. It’s just that the market and media focus too much on the meta. Mehta has never been a leader in this field. By 2024, the market is expected to become much more focused on companies that are actually leading the development of the metaverse. Specifically, Roblox, which currently has over 300 million monthly active users, and Epic’s Fortnite, which continues to expand its features and user growth in the mobile environment. The aftermath of Epic’s successful lawsuit against Google.I’d like to point out that Epic’s victory over Google next year will see the Metaverse platform expand further into mobile in 2024, with the developer of the massive Grand Theft Auto franchise launching several new Metaverse platforms, including Everywhere. The overall market for the Metaverse platform currently has a conservative 600 million users and will likely approach 1 billion next year.
Outlook for Big Tech/Grand 7 Stocks. Can we expect them to dominate again?NVidia and Amazon certainly seem unstoppable. Meta should have a good year, not because of its Metaverse products, but because of the collapse of X/Twitter. Speaking of which, I’m not sure about Tesla’s future due to its ongoing problems with its self-driving technology and the fallout from the declining brand/Elon association.I expect both Google and Apple to take a hit from the Google v. Epic lawsuit and the end of the two major powers over the app store market. However, Apple is expected to launch its much-anticipated Vision Pro XR headset in 2024, which will create excitement in the market and a new ecosystem for the company.Can you please give us some ‘winners’ or stocks that investors should watch in the new year?Roblox is a company to watch as it continues to grow in active users and features. This is especially true due to lawsuits from Epic and Google, which could bring more revenue to the company due to its focus on smartphones. After the successful lawsuit against Google, I’ll be keeping an eye on Epic’s long-rumored move to go public in 2024.NVIDIA’s growth is dominating the 3D graphics market needed for games and metaverse platforms, and AI demand for NVIDIA’s computing power appears unstoppable.
Please note: My audio/video was actually streamed to Zoom from my iPhone 11. Because my laptop camera/visual quality wasn’t good enough to broadcast.