This week’s FWD covers Meta’s new budget announcement for 2023. In a blog post, Meta’s Chief Technology Officer, Andrew Bosworth, announced that the company will continue to devote around 20% of its overall costs to the Metaverse in 2023.
A 20% investment in futuristic technologies is a “level of investment we believe makes sense for a company committed to staying at the leading edge of one of the most competitive and innovative industries on earth,” Andrew Bosworth wrote.
News:
- Google looks to expand its search capacity within videos by using video captions to allow users to keyword search for sections within video clips.
- Twitter bans users linking out to competing social platforms, including Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and Post.
Start-up:
- Hiya is on a mission to fix the spam and fraud call issue with AI. The platform protects consumers from unwanted calls and helps carriers secure their networks.
Insights:
- Alongside Twitter Blue‘s relaunch, Twitter has begun rolling ‘Blue for Business’ that adds a gold checkmark to company accounts.
- Beauty brand NYX launches a new makeup collection on Roblox, allowing consumers to interact virtually with its latest products.
- Instagram launches new ‘Notes’ feature, allowing users to “share your thoughts and see what your friends are up to.”
- White Claw and Netflix team up to create a limited-edition murder mystery game, timed to the release of “Glass Onion: A Knives Out Mystery,” film.