- Officially introducing Meta! After 17 successful years of being called Facebook, for the first time CEO Mark Zuckerberg finally decides on rebranding the social networking parent company behind the most engaged user base social media networks Facebook, Instagram, WhatsApp and Oculus.
- Former Google CEO Eric Schmidt is expressing concerns about the future of artificial technology and said the metaverse is “not necessarily the best thing for human society.”
- The Former Executive even says that “The world will become more digital than physical. And that’s not necessarily the best thing for human society.”
On October 28th, CEO Mark Zuckerberg, rebranded the parent company Facebook and introduced Meta and even causing the value of Shiba Inu Coin to rise by 1000% causing the value of Decentraland to be improved. The rebrand is about solidifying the social media giant and it is said to bring together their apps widely acclaimed social media apps and technologies under one new company brand.
“To reflect who we are and what we hope to build, I am proud to announce that starting today, our company is now Meta. Our mission remains the same — it’s still about bringing people together. Our apps and our brands — they’re not changing either,” Zuckerberg said. “From now on, we’re going to be metaverse-first, not Facebook-first.”
Schmidt is not the only one who has concerns about the future of Metaverse. Tesla CEO Elon Musk also mentioned that his confidence is “not high” regarding the safety and transparency of Al within his own company.
Even though the technology has been highly criticized by business leaders, Zuckerberg claims that Meta’s focus is to bring the Metaverse to life and help people connect in much better ways, find communities and even have a chance to grow businesses.
He claims Metaverse to be the future of the Internet contradictory to what Eric Schmidt has to say about Al Technology like the Metaverse to replace human relationships.
“It will be everywhere,” he told New York Times opinion columnist Maureen Dowd. “What does an A.I.-enabled best friend look like, especially to a child? What does A.I.-enabled war look like? Does A.I. perceive aspects of reality that we don’t? Is it possible that A.I. will see things that humans cannot comprehend?”
Following the Facebook CEO’s announcement, this rebrand has also caused quite the stir in Israel where the word actually sounds like the Hebrew word for “dead”.
Various social media users have taken to Twitter to share their opinions and join the sea of voices weighing in on Facebook’s Metaverse and expressing concerns on the future of Artificial Intelligence Technology under the hashtag #FacebookDead.
The metaverse will resemble a mix of today’s online social experiences, stretched into three dimensions or projected into the real world at times.
It will allow you to enjoy immersive experiences with others even when you are unable to be physically present with them — and to do things together that you would not be able to do in the actual world. It’s the next step in a long series of social technology, and it marks the start of a new era for our business.
“I think that there was just a lot of confusion and awkwardness about having the company brand be also the brand of one of the social media apps,” he said. “I think it’s helpful for people to have a relationship with a company that is different from the relationship with any specific one of the products that can kind of supersede all of that.”
Meta creates software that allows people to connect, find communities, and grow their companies. When Facebook first came out in 2004, it revolutionized the way people communicated.
Apps like Messenger, Instagram, and WhatsApp have given billions of people around the world more power.
Meta is now expanding beyond 2D displays to include immersive experiences such as augmented and virtual reality in order to aid in the development of the next generation of social technologies.