Metaverse: March headlines

- NVIDIA and Microsoft to Bring the Industrial Metaverse and AI to Hundreds of Millions of Enterprise Users via Azure Cloud: NVIDIA today announced a collaboration with Microsoft to provide hundreds of millions of Microsoft enterprise users with access to powerful industrial metaverse and AI supercomputing resources via the cloud (source)
- Disney cuts metaverse division under Iger’s restructuring as part of the layoffs set to begin in March (source)
- Animoca Brands Cuts Metaverse Fund Target to $800M, the fund previously announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion (source)
- Meta says its single largest investment is now in ‘advancing AI’, analysts mention that Zuckerberg "altered the narrative of the company to one focused on efficiencies rather than looking to grow the metaverse at any cost" (source)
- South Korea invests $51M into metaverse projects, South Korea’s Ministry of Science said the earmarked funds will be used to prop up 13 new projects leveraging virtual worlds in the health, tourism, and education industries (source)

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