So far The biggest news of 2021 is here. That Facebook Renamed its Company to Meta. Surprised everybody. But wait for a second! Are the Facebook App and website your are using also going to change? Let’s find out
Multinationals will stop focusing on social networks to become “a meteorological company”, an in-depth network that its founder sees as the next great step on the Internet. The name change comes amid its worst reputation crisis.
The era of Facebook is over this Thursday. The witness “meta” it. “From now on, our priority will be Metaverse, not Facebook,” said Mark Zuckerberg, who has decided to change the name of his corporation, one of the most recognized brands on the planet. To do that, the future of the Internet is found in Metaverse.
Zuckerberg described Metaverse as an in-depth network with a large amount of virtual reality. In offering its company’s new name, Tycoon has shown a digital world in which it is possible to work, study or have fun with customized avatars and in places designed for each user to measure.
“When I started with Facebook, we only wrote text on web pages. When we got a camera phone, the internet became more visual and mobile. As connections grew faster, video-sharing experiences It’s a perfect way. From desktop to web and mobile, from text to photos and video. But that’s not the end of the journey, “he assured.
The next platform will be even more profound: a personal Internet that is within the user experience, not just as a spectator.
Mark Zuckerberg – Founder and CEO of Facebook, renamed Meta.
“The next platform will be even more profound: a personal Internet that is within the user experience, not just seen it as a spectator. We call it a metaverse, and it will affect all these products. What we make, “he says.
These changes will make Horizon, its virtual reality division, more important within the company. The social network Facebook will be called Facebook, but the corporation that surrounds it with WhatsApp, Instagram, or Horizon will be renamed and deleted.
Zuckerberg began to describe Metaverse as a real possibility in 2019. In recent months, it has stepped up its defense of the technology, even leading to the transformation of Facebook Corporation. However, it also coincides with the biggest reputation crisis in its history, even surpassing the crisis caused by the Cambridge Analytica scandal. One of his former colleagues, Francis Hogan, has leaked a large number of internal documents on Facebook about the bad practices, which were obtained directly for the benefit of Zuckerberg and the rest of his senior management.
Hogan has provided information to 17 US media and the country’s Senate, where he has also testified. “The company hides important information from the public, the US government, its shareholders, and governments around the world,” he told Congressmen. Secret reports leaked show that the company is aware of the toxic effects of many of its products on society, but has done nothing to stop it because the same poison is making so much money. Was
A Facebook spokesman said in a statement sent that “there is a basis at the heart of these stories that is wrong.” “Yes, we are a company and we make a profit, but the idea that we do it at the expense of people’s safety or well-being misunderstands what our business interests are,” the company said.
Mark Zuckerberg condemned this week, saying “we are seeing a concerted effort to selectively use leaked documents to misrepresent our company.” However, the speculation campaign has not affected its profitability at the moment, as in its third-quarter results, Facebook announced a 62% increase in profits compared to the same period in 2020.
AI with 13 universities
To train this artificial intelligence, Facebook launched a project two weeks ago in which it is working with 13 universities around the world. They call it Ego4D (Ego Centric Vision to use the first-person point of view) and its purpose is to teach machines to interact with the real world, not as observers, as they have been developed so far. Yes, but with the main character in it. According to the acting company, the goal is to incorporate glasses or other technology for the assistant that is worn and this can be useful in five areas:
- Episodic memory: When did it happen? (For example, “Where did I leave the keys?”)
- Prediction: What are you likely to do next? (For example, “Wait, you’ve already added salt to this recipe”).
- Hand and object manipulation: What am I doing? (For example, “Teach me to play the drums”).
- Audiovisual dialysis: Who did what and when? (For example, “What was the main topic during the class?”)
- Social interaction: Who interacts with whom? (For example, “Help me better listen to the person talking to me in this noisy restaurant”).
An important condition
Facebook Renamed its Company to Meta, and a series of announcements have been made stating that Zuckerberg is ready to bet on his company’s future on the evolution of Metawors. One of them is to hire 10,000 workers in Europe to build this new technology.
That 10,000 new employees will double the number of workers the multinational currently owns in Horizon. The Metaverse division will consist of about 40% of the corporation’s employees. Zuckerberg’s goal is to overtake his rivals and make Facebook the backbone of this new network as it is in today’s Internet.
As Zuckerberg imagines, Metaverse will need special equipment to connect to it. The curtains will be on the past.
In September, Facebook sold glasses to start moving along that line. They can record everything that happens around the person wearing them. Its function is to be another tool for taking photos, videos, and locations for later sharing on your social networks. However, the company plans to add enhanced reality tools for them, such as a virtual assistant who specializes in interpreting information from a person’s perspective.
Facebook is devoting huge resources to betting on Metaverse and technology that will sustain its expected expansion. Its founder has said in his new name offer that “Metaverse will be built in the center with security and privacy”, but only time will tell whether consumers buy this new condition or not.
Facebook closed its doors with nearly 3,000 million users, about half of the world’s population. Zuckerberg’s dream is for Meta to reach the second half.
Frequently Asked Question
Why is FB changing its name?
Because Facebook now believes more in VR and AI. They believe and honestly, we all believe the future will be of AI. That’s why they are changing its name to META and converting itself into fully AI-based Technology.