TORONTO — When Facebook chief executive Mark Zuckerberg changed his company’s name to Meta less than two years ago, he placed a multi\u002Dbillion\u002Ddollar bet on a…
Ottawa-headquartered e-commerce software company Shopify Inc. provides tools helping retailers launch AR versions of their products, while Toronto-based Xesto runs a smartphone application equipped with AR that allows consumers to scan their feet at home and receive a personalized shoe size.
Rob Sherman, Meta’s vice-president of policy, joined Chan at Tuesday’s metaverse briefing — held in a virtual space made to look like a sleek-wood-panelled conference room overlooking a lake — agreed, describing the metaverse as “a long-term project.” Meta and Deloitte are projecting the market for AR and VR technologies will grow at a compound annual growth rate of 15.5 per cent between 2022 and 2027.While excitement around extended reality is high in China, India, Peru, Saudi Arabia and Columbia, where more than two thirds have positive feelings about the technology, less than one-third feel positive about it in Canada, Japan, Great British, Belgium, France and Germany.
“People won’t be comfortable using it either as a consumer or as a business, if they don’t have confidence that their information is protected and that it’s safe and secure.” Meta’s chief technology officer Andrew Bosworth said he along with Zuckerberg and chief product officer Chris Cox and are spending “most” of their time working on the company’s new artificial intelligence unit, in an April CNBC interview.
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