I don't think he gave up on the metaverse. Isn't AR glasses a stepping stone towards that? Or rather LLM voice assistant a stepping stone towards AR glasses? And the metaverse being a stepping stone towards a holodeck?
I mean I'm with you, I think these things are pretty far away and are going to cost a lot of money to make and require a lot of failure in the mean time. But then again, it looks like they spent ~$18bn on Reality Labs last year. So if he was funding it all on his own dime, his current $260bn of wealth would give him a good 14 years runway if we ignore interest. It would be effectively indefinite if he earns about a 5% interest on that money.
I guess I'm just trying to say, it's hard to think about these things when we're talking about such scales of wealth. I mean at those scales, I'm pretty sure the money is meaningless, that money (and the ability to throw it around) is more a proxy for ego.
The Metaverse was more about virtual reality than AR .. a virtual place where remote teams would work and business meetings be held etc, and as such seems to be a complete flop. This is just not how remote teams want to work. Superior VR googles are of course used for gaming too.
AR seems to be mostly a solution, or technology, looking for a problem. It's a bit like envisioning a future full of flying cars, or humanoid robots walking among us, or even wired picture phones (World Fair 1964). Just because you can, doesn't mean you will have "product market fit" and that people will find a use or want to use what you have built.
Maybe AR will find niche professional or entertainment uses (cf Segway) - could imagine using them in a museum or on a guided tourist tour, perhaps.
It's funny that Zuck as creator of FaceBook, seems to misjudge human nature so badly in the case of Metaverse or mass-adoption smart glasses AR. It seems he maybe just got lucky that his college dating app grew into something much larger and more successful, although he does seem quite competent as a CEO, just not as the serial entrepreneur he seems to fancy himself as.
I mean I'm with you, I think these things are pretty far away and are going to cost a lot of money to make and require a lot of failure in the mean time. But then again, it looks like they spent ~$18bn on Reality Labs last year. So if he was funding it all on his own dime, his current $260bn of wealth would give him a good 14 years runway if we ignore interest. It would be effectively indefinite if he earns about a 5% interest on that money.
I guess I'm just trying to say, it's hard to think about these things when we're talking about such scales of wealth. I mean at those scales, I'm pretty sure the money is meaningless, that money (and the ability to throw it around) is more a proxy for ego.