There has been renewed interest in the virtual reality space since Apple released its Vision Pro headset. This is the $2.9 trillion company’s first major foray into the metaverse: a mixed reality headset that combines virtual reality (VR) and augmented reality (AR).
A recent survey by Paypal showed that an estimated 38 million people now spend $28 billion a year on metaverse gaming. Apple’s augmented reality future could be the crossover device that brings the first 100 million users into the metaverse.
Assets in ETFs linked to the growth of AI are expected to triple to $35bn by 2030, research by Bloomberg suggests.
The efforts of blue chip tech companies to facilitate virtual immersion have cast the spotlight back on the metaverse industry at a time when companies participating within it have been benefiting from the AI stock boom.