The post AIGC significantly reduced the cost of Metaverse, WiMi entered the scale business appeared first on Newstrail.com authored by Patrick L. Warren

At the end of 2022, chatbots came out, attracting the attention of the whole people and becoming the hottest topic in the technology circle. In the context of the rapid “popularity” of generative artificial intelligence, the heat of the former “top flow” Metaverse is gradually fading, which makes people have to question, whether the Metaverse trend has gone.

The answer may be the opposite. With the power of generative artificial intelligence, the cost of Metaverse use is declining rapidly, and it is entering the stage of large-scale commercial landing.

Metaverse Industry’s popularity remains high

On July 6, the 2023 World Artificial Intelligence Conference is being held.”We are in the middle of the two stages of digital intelligence and digital realism. Intelligence is exploding and Metaverse is coming.”Said Yuan Yu, top board director of ie (Institute of Electrical and Electronics Engineers) and chairman of the IEEE Standards Association, at the World Conference on Artificial Intelligence.

In addition, at the 6G Intelligent Network and Computing Forum of the 2023 World Artificial Intelligence Conference, the vice president of the China Telecom Research Institute said that the development of Metaverse will push the world into the era of intelligent computing power. Metaverse The strong demand for intelligent computing power and bandwidth in the era will bring great opportunities for the scale development of 5G and the implementation of the national “east and west” strategy as well as the development of artificial intelligence and chips.

In the long journey to the Metaverse new world, the government’s top-down top-level design is also indispensable. At present, many countries around the world have successively introduced Metaverse plans. However, for emerging technologies such as Metaverse, different countries have different strategies, while the Chinese government is quite open and inclusive to Metaverse, and the top-level design is more systematic and long-term.

In the “Digital China Construction Overall Layout Plan” issued by the State Council, as well as the “14th Five-Year Plan” digital Economy Development Plan and other major documents, Metaverse has become the “keyword”. Local governments are also responding. So far, more than 40 provincial and urban governments have issued more than 90 Metaverse construction plans and supporting policies.

It can be said that both the opportunities of The Times and the policies are great benefits for the Metaverse industry, and they also attract many entrepreneurs to join the Metaverse track and actively participate in the development and construction of the Metaverse industry. With the gradual implementation of Metaverse and related technologies, the professionalism and precision of the industry are also steadily improved, among which, the application of software and hardware technology has become the top priority in the implementation of Metaverse technology.

In recent years, the head of enterprises at home and abroad, are in the layout of Metaverse. Meta (META) directly changed its name to honor Metaverse to demonstrate its All in determination. Apple (AAPL) is trying to open the Metaverse door with a newly released headset.

WiMi’s top-level Metaverse strategy

The collective rush of global leading enterprises and the strategic attention of various countries also make Metaverse’s global race quite fierce. According to the data, WiMi Hologram Cloud (NASDAQ: WIMI) is a technology company focusing on Metaverse hardware and software solutions. Since its establishment, it has taken advantage of the first year of 5G commercialization and started to build new world projects full of 3D naked-eye live broadcasts, cloud experience VR games, 5G music exhibitions, and rich activities, to create a full-scene immersive Metaverse experience for users.

For now, the grand prospect of Metaverse has become a consensus. In terms of technology reserve, as an enterprise positioned at the forefront of science and technology, WiMi’s R & D personnel are all technical teams established by well-known universities, and they have mature and stable core capabilities in software development, product design, brand marketing, and other aspects. Public information shows that relying on the company’s strong research and development capabilities, WiMi has nearly 5000 MetaverseIP and 100 technology patents, forming a strong technical barrier to ensure the company’s competitive advantage in the XR industry and Metaverse industry.

In 2023, the wave of artificial intelligence triggered by ChatGPT swept the world, from the technology industry to the capital market. Access to AIGC can make up for the social fun in the case of small users in the early stage of Metaverse construction. At present, WiMi will increase the research and development investment of AIGC technology and do a good job in AIGC fusion of Metaverse scenarios.

The maturity of generative AI technology will bring breakthrough opportunities for Metaverse. For WiMi, AIGC will play an important role in the construction of Metaverse in the future. The advantages of multi-terminal integration will not only expand the audience of applications and provide convenience for users. In the future, the company will focus on accumulating users and content as the core goal, and will further provide creators with AIGC-related applications and interfaces, to shape the Metaverse content application brand with strong value in the new era.

Conclusion

McKinsey’s report, Creating Value in Metaverse- -Real Business in the Virtual World, predicts that the Metaverse market will reach $4 trillion to $5 trillion by 2030, and Citibank expects total Metaverse users to reach 5 billion by 2030, with a potential market size of $13 trillion. With such a massive industrial scale, the global race of Metaverse, in addition to the innovation speed of the head benchmark, should also compete with the breadth of Metaverse industry landing and ecological construction.

Metaverse It is not done in a day, but a long march of technology and industry. In this global battle, who is the first rush to start early admission, and who can often occupy the home court? And whether the head of the innovation speed of benchmarking, or in the industrial ecological landing breadth, as well as the top design of the national strategy, and national awareness and penetration, all the first science and technology enterprises, writing the mainstream of the development of the Metaverse narrative, let Metaverse is closely linked with real life, let people’s virtual social become more rich and colorful.