This Week In XR: AI Is Having A Moment, Infinite Reality’s SPAC, Gifts For Geeks

AI generated content (text, photo, video) is the tech story of the month and coming year. CES is sure to be full of it, and of course the Metaverse. AI is computationally expensive and all too often flawed and/or biased. I asked it to “write an introduction to Charlie Fink’s Forbes column about advances in text AI.” Here’s what it had to say.

<<Charlie Fink is a Forbes contributor who writes about the latest advancements in artificial intelligence and its various applications. In his column, Fink often discusses the ways in which AI is revolutionizing industries such as healthcare, finance, and education [Not True – CF]. In recent articles, he has explored the potential of text AI to improve customer service, automate tedious tasks, and even help businesses understand their customers better. [Not true-CF] With its ability to understand and analyze large amounts of text data, text AI has the potential to greatly improve the efficiency and accuracy [LOL] of many business processes. In his Forbes column, Fink examines the latest developments in this exciting area of technology and shares his insights on how it will continue to shape the future of AI.>>

I moved over to Stable Diffusion where the art is in the question, and the answer is too often not the truth. Instead a “fact” an answer is determined by how often it is repeated. Yikes.

Asking the right question is an art.

Metaverse company Infinite Reality will go public through an $1.85B SPAC.Infinite Reality is an” immersive digital experiences company working with brands such as Warner Bros. Discovery Sports” on eSports and other metaversey enterprises. The company plans to go public through a SPAC agreement with Newbury Street Acquisition Corporation. The transaction values the combined company at $1.85 billion. Last year volumetric capture company Matterport went public via a SPAC. They debuted at $12 but soon deflated. They now trade at $2.75. Their market cap is a modest $780M. So. Yeah. $1.85 B makes perfect sense [not really IMO-CF].

Ten Gifts That Can’t Miss I never know what to get them. I’m like a deer in the headlights. Then it starts to be late. Choices dwindle. So this year, I made a list and checked it thrice. Some of these prices are nice, too, as low as $10.

Apple’s new whiteboard app gives you and up to 99 friends an ‘infinite canvas’ (3 minute read) A new feature showed with the latest iOS update: Freeform, an infinite canvas for sharting text and drawings in real time. You can incorporate photos, files, drawings, links, notes, and share in real time with up to 99 people.

Epic Games CEO Tim Sweeney thinks “every politician should fear” Apple’s power Epic and Apple are in the middle of a court battle to end Apple’s monopoly on the iPhone App Store. At the same time, as part of a sweeping overhaul aimed at complying with strict European Union requirements coming in 2024, the app store will soon allow alternative app stores on its iPhones and iPads, allowing customers download third-party software to their iPhones and iPads without using the company’s App Store, which is what Epic wants. They also have a work around in the Epic Games store.

Anima Raises $3M and Launches Onlybots, which AR enabled digital pets. The augmented reality protocol enables the pet to be shared universally. Anima‘s funding came from HashKey, Not Boring Capital, Polygon Studios and NGC Ventures. They join the company’s previous investors Coinbase Ventures, Flamingo, and Divergence Ventures.

Engage XR Shares Fall After Conservative Guidance Engage, one of the leading VR sites for productivity and education, is widely used by both “metaversities,” including Stanford, and as a corporate events platform (marketed by HTC). Engage is in the process of expanding into a multifaceted metaverse for business, creativity, education and bespoke personal spaces. CEO David Whelan calls it “the Linkedin of the Metaverse,” which would include premium layer. Engage launched mobile versions this year. It’s a lot for a company of fifty people. Meta is struggling with this, and they spend $10 B a year to figure it out. Conservative guidance and… well.. math, suggests the company needs to raise more outside capital. Investors hit the doors, driving the ultra small cap stock to an all time low.

Spatial Creator Toolkit launches to help creatives build online worlds. It just got a little easier to build virtual worlds on Spatial, thanks to a new SDK that allows a level to be imported seamlessly. There is increasing competition for World Builders, reducing friction in production is a good way to retain them.

Elton John Plots Next Career Move: The Metaverse The 75-year-old John has already partnered with the online gaming platform Roblox for a 10-minute virtual live performance: Elton John Presents: Beyond the Yellow Brick Road.

The NBA’s Official AR Game Launches January 2023. The National Basketball Association (NBA) and National Basketball Players Association (NBPA) are partnering with Niantic, the developer behind Pokémon GO and Pikmin Bloom, on NBA All-World, a location-based augmented reality (AR) mobile game that will have you exploring the real world in search of digital collectibles and interactive mini-games.

This Week in XR is also a podcast hosted by the author of this column, Ted Schilowitz, Head of Future Technologies at Paramount Global, and Rony Abovitz, founder of Magic Leap. This week it’s our year end round-up featuring guest Dean Takahashi of VentureBeat. We can be found on Spotify, iTunes, and YouTube.

What We’re Reading

Meetings in the metaverse: Our experience with HTC Vive Sync (Charles McLellan/ZDnet)

How Will AR in Retail Revolutionise the Customer Experience? (XRToday)

Bored Ape Yacht Club Conquered NFTs. Can It Master the Metaverse Next? (Daniel Van Boom/Cnet)

This Week in Schadenfreude

Meta staff are hitting out at Mark Zuckerberg in Blind reviews because they think his metaverse obsession will ‘single-handedly kill’ the company (Jyoti Mann/Insider)

Why Apple’s Next Big Thing Still Isn’t Here (Ian Scherr/Cnet) [The title is misleading. It’s Meta Schadenfreude-CF]