CB Insights emphasizes that the metaverse has officially been labeled as the biggest setback of the year, while AI stands proudly as the champion.
In Brief
As highlighted by CB Insights, artificial intelligence is set to be a significant winner for both 2022 and 2023.
In a surprising turn, generative AI emerged as a frontrunner in 2023 with over 75% of the public's votes in its favor, solidifying its place as a critical investment opportunity.
The metaverse was voted as the most glaring disappointment this year, garnering a staggering 78% of the votes against it.
The metaverse has had quite a challenging year. Initially, it was pointed out that the metaverse, as it stands, seems to be just an advanced chatroom. As news broke of it being labeled a poor investment for 2023, CB Insights officially announced it as the year's biggest loser.
The metaverse, an engaging virtual experience meant for exploration and interaction, has fallen short of its lofty expectations and has lost favor in recent discussions. However, the silver lining is that AI is experiencing remarkable success, suggesting potential areas for investment, especially in generative AI.
What does this all mean for the future of the Metaverse Determining outcomes can be tricky. However, it’s clear that the metaverse is no longer the must-have investment that it once appeared to be.
As a result, generative AI With a notable 75% of respondents favoring generative AI, it's clearly seen as one of the top contenders for the year. In contrast, 78% of those surveyed believe that the metaverse is facing a significant downturn.
So what conclusions can we draw from this? It’s quite straightforward: it might be time to shift focus from metaverse projects to investing in generative AI.
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