Metaverse frenzy cools as ChatGPT gains steam

Major tech heavyweights are downsizing workforces in metaverse-related businesses and banking on the fast-growing artificial intelligence-generated content sector, experts say. — Bloomberg

BEIJING: The frenzy over metaverse, a tech buzzword that promises a future where virtual and physical worlds are inextricably interconnected, is cooling.

Major tech heavyweights are downsizing workforces in metaverse-related businesses and banking on the fast-growing artificial intelligence-generated content (AIGC) sector, experts say.