FTC reportedly investigating Meta virtual reality division

Virtual Reality - Federal Trade Commission Building

Reports show the Federal Trade Commission and several US states are looking into the VR division. The Federal Trade Commission and a number of US states are investigating the virtual reality division at Meta, according to a recent Bloomberg report. The specific number of states were not identified in the report, but they are being led by New York. New York is leading the undisclosed number of states across the country that are questioning the Meta virtual reality Oculus app developers. The investigation has been ongoing across the last few…

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Nike to sell virtual shoes in metaverse following RTFKT acquisition

Virtual shoes - Image of Nike brand shoes

The athletic apparel brand announced this week that it has purchased the digital sneaker company. Nike has announced that it has acquired the digital sneaker company RTFKT, as the athletic apparel giant seeks to move forward from the real world into selling virtual shoes in the metaverse. The digital sneaker company was acquired by the sportswear brand for an undisclosed amount. As the metaverse grows rapidly, companies are looking to make sure they are a part of the digital experience. It appears that Nike’s first moves in that direction will…

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Former Google CEO Schmidt concerned about Facebook metaverse

Facebook metaverse - facebook logo - people

In a recent media report, Eric Schmidt said this was “not necessarily the best thing for human society.” Former Google CEO Eric Schmidt recently spoke in an interview, expressing concerns over the Facebook metaverse and about the safety of AI. Schmidt is only one of many tech industry heavyweights voicing worries over artificial intelligence. The former Google CEO spoke in a recent New York Times interview, adding his voice to many already expressing concern over the Facebook metaverse and the future of artificial intelligence as a whole. Schmidt was chief…

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