It's falling apart.
, both Disney and Microsoft, two big-name companies that had skin in the game, have made big moves to wind down their metaverse operations, with Disney slashing its entire division and Microsoft shutting down a VR organization that it had acquired in 2017.
"A lot of companies and businesses understandably feel like if they need to reduce headcount or spending overall, this kind of category would seem to be a pretty easy target," Scott Kessler, a tech-sector analyst at research firm Third Bridge Group, told the"All these things that are going on, related to AI, seem to be able to be used and leveraged now," he continued.
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