News Report Technology
January 05, 2023

CB Insights: The metaverse is loser of the year; AI is the winner


It’s been a tough year for the metaverse. First, it was revealed that the metaverse, at least at the moment, is little more than a glorified chatroom. Then, it was announced that the metaverse would be a losing investment in 2023. And now, CB Insights has declared that the metaverse is the biggest loser of the year.

CBInsights: the Metaverse is looser of year, AI is a winner

The metaverse is a virtual world that people can explore and interact with. It has been hyped up in recent years as a possible successor to the internet. However, it seems the tides have changed, and the metaverse is not as favored as it once was. However, maybe not all is lost. CB Insights also announced that AI is a big winner for 2022 and will continue to be in 2023. So if you’re looking for something to invest in, you might want to consider generative AI.

What does this all mean for the future of the Metaverse? Well, it’s hard to say. But one thing is for sure: The metaverse is no longer the hottest investment around.

As a result, generative AI, which received more than 75% of the votes in its favor, is one of the strongest candidates in 2023. Meanwhile, 78% of the surveyed people believe the metaverse is an epic loser of 2023.

CBInsights: the Metaverse is looser of year, AI is a winner
CBInsights: the Metaverse is looser of year, AI is a winner
CBInsights: the Metaverse is looser of year, AI is a winner
CBInsights: the Metaverse is looser of year, AI is a winner

So what does this all mean? It’s simple. Stop playing metaverses and start doing generative AI.

Read more about AI:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

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Damir Yalalov
Damir Yalalov

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

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