Meta Confirm Layoffs, Anything World take $7.5 Million & Rolex's Web3 Future.

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AIXR Weekly Brief
AIXR Weekly Brief
Hello Metaverse Business Brief readers! Let’s jump into the most relevant news from the Immersive world in our weekly roundup.

Top Stories
Meta Confirm 11,000 Layoffs. The figure, amounting to 13% of the companies workforce, comes amidst a wave of redundancies in the tech industry. A statement issued by Mark Zuckerberg confirmed his accountability for the decisions made.
Pimax Crowdfund New VR Transforming Console. The Chinese startup will launch a kickstarter campaign on the 15th November, with details released for the new ‘Pimax Portal’, a Nintendo Switch style handheld that can convert into a VR headset complete with controllers.
ENGAGE XR Complete Metaverse Shift. With the announcement of the launch of ENGAGE Link, the group have announced their position as a Metaverse technology company. The Link platform is already being used by organisations like HTC, Lenovo, and Kia.
Decentraland Metaverse Music Festival Concludes. This year’s festival was headlined by big name acts like Björk and Ozzy Osbourne, with more than 170 performers appearing across 15 stages. The event comes in the wake of criticism of user numbers on the platform.
In Funding
Anything World Raise $7.5 million. The London based startup look to level up their AI driven 3D animation software suitable for users with zero coding experience.
Audio Analytic take $25 Million Before Meta Acquisition. The UK based organisation produce AI software that can recognise and react to a wide range of everyday sounds. The acquisition will see them join Meta’s Reality Labs division.
Cannaland’ Take $12.5 Million in Private Funding. The self titled ‘Metaverse for Cannabis’ aims to serve as a global B2C and B2B online community for enthusiasts.
Deep Optics Sell 10% Equity. The Israeli tech company have shared the news that Fielmann Ventures are leading a Series C investment, with the funding allowing for the development of their smart glasses product.
Keep an eye on
VR Headset that Kills Gamers Created. Palmer Luckey, founder of Oculus, produced a headset that explodes the users brain when they die ‘in game’ in honour of the anime Sword Art Online.
FIFA Announce Web 3.0 Games. Ahead of the World Cup in Qatar, the organisation have shared plans to develop a range of games that should allow them to push into new digital spaces.
Sony Acquire Beyond Sports. The immersive content specialists have been purchased by the Japanese tech giant, with their acquisition suggesting future Metaverse applications from the world of sport.
Dentsu International Step Into Metaverse. The marketing giant has shared details of a collaboration with Microsoft to launch a virtual space in which brands can explore web3 technologies.
Rolex File Trademarks For Metaverse. Data pointing to a crypto focused trademark application suggests that the luxury watch brand are preparing to step into the world of NFT’s, with analysts suggesting a digital collection could be imminent.
Events to be at
Our best wishes for a productive day. Please send any news, comments, and a Pimax Portal to [email protected].
November 14 2022 Edition
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