Comment by ehutch79
5 hours ago
How's the metaverse doing? It was the next big thing and how we're all going to be working inside it in... was it like 3 months ago?
Maybe they need to mine more libra coin first? or is it diem now? is that even still part of meta?
I'm sure this new AI is super intelligent and super awesome and will be writing all the code, making all the blog posts, and generating all our youtube shorts in 6 months.
what's with the negativity?
yeah, the metaverse got abandoned. Also: Meta was the only one to try the concept for the past X-umpteen years even though everyone in the industry ga-gas over virtual reality worlds and workplaces at every opportunity. It's literally Meta and Linden Labs (which has been on life support for 10+ years.)
The alternative is : no one does it and nothing gets abandoned, which the industry has shown itself to be exceedingly good at w.r.t VR for the past 40+ years.
To be clear: I have no faith in meta as a company; my problem lies in kicking an entity because they attempted something different.. I don't think that's productive, and it produces stuff like the past AI winters because groups get afraid of touching experimental concepts ever again lest they incur the wrath of the shareholder.
It's not the failure here or there, it's a pattern. It's not even the failing, it's the excessive hype cycle.
We keep seeing things being overhyped, with not much thought behind it. Meta is particularly bad about it. They changed their name for the hype of their VR product, when VR was still niche and had a long way to go, and still does. They couldn't even figure out legs for launch.
Now they have a 'superintellegence'? Yeah, that sounds like just the latest in a line of bullshit. Why would this be different.
> Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something.
https://news.ycombinator.com/newsguidelines.html
Establishing a pattern of over hyping of projects that then disappear isn't a shallow dismissal.
Libra/Diem got sold to the bank they were partnering with (Silvergate) for $200M, which then filed for Bankruptcy.
https://en.wikipedia.org/wiki/Diem_(digital_currency)