Metaverse Technology Will Contribute Heavily to Automotive Industry Next Year, Nvidia Says

 


The metaverse technology revolves around making online experiences more immersive and interactive, where humans can exist, work, and meet as digital avatars.


According to Nvidia, metaverse technology will influence forthcoming developments in the automotive sector beginning in 2023. According to a US multinational corporation, automobile industries will soon start incorporating metaverse elements into their retail and production processes in order to appeal to the next wave of businesses and consumers. Companies like Meta, Alphabet, and Microsoft have all made investments in this field. The metaverse technology revolves around making online experiences more immersive and interactive, where humans can reside, work, and meet as digital avatars.

In an official post, Nvidia stated that "full-fidelity, real-time car configurators, 3D models of autos, augmented reality presentations, and virtual test drives all help bring the vehicle to the buyer."


Automotive industry participants anticipate stepping up their monitoring of the vehicle manufacturing process as a result of the metaverse. By doing so, they would be able to make and apply changes and revisions before it's too late.

On the other hand, incorporating elements of the metaverse into conventional business practises could strengthen the bond between customers and businesses while they remain in the comfort of their own homes.


A variety of new entertainment technologies, such as digital assistants, occupant monitoring, AV visualisation, video conferencing, and more are now possible thanks to advancements in AI and in-vehicle computation, the blog added.


According to research projections, the business opportunity for the metaverse might total $800 billion (approximately Rs. 59,58,700 crore) during the next two years.

The metaverse technology has been receiving support and financing from numerous organisations and nations throughout the world.


The parent company of The Sandbox metaverse, Animoca Brands, said earlier this month that it will be launching a $2 billion (approximately Rs. 16,260 crore) mega-fund just for the metaverse industry.

The creation of a national metaverse project in South Korea received KRW 223.7 billion (about Rs. 1,400 crore) in funding in February from Seoul's Ministry of Science, ICT, and Future Planning.

Other tech firms are prepared to stake a large wager on the technology, much like Nvidia.

In an effort to hasten the development of Extended Reality, chipmaker Qualcomm set aside the Snapdragon Metaverse Fund, a fund of $100 million (approximately Rs. 760 crore), in March technology.

Comments

Post a Comment

Popular posts from this blog

The Sant Goroba Kumbhar Samadhi Temple: A Sacred Shrine of Devotion in Maharashtra

Nestled in the serene village of Ter-Dhoki, near Dharashiv-Osmanabad in Marathwada, Maharashtra, stands the revered Sant Goroba Kumbhar Samadhi Temple. This temple is a testament to the deep devotion and spiritual prowess of Sant Goroba Kumbhar, a revered saint of the Varkari sect who lived during the 13th century. Sant Goroba Kumbhar, affectionately known as Gorobakaka, was a contemporary of revered saints like Namdev and Dnyaneshwar, and his unwavering faith and profound love for Vitthala (Panduranga), a deity worshipped in the form of Lord Krishna, continues to inspire devotees to this day. Born in the year 1189 (1267 AD) according to experts, Sant Goroba Kumbhar was known for his ascetic lifestyle and detachment from worldly affairs. His teachings were highly regarded in the spiritual realm, and he was known to constantly chant the name of Shri Vitthala, with unwavering devotion to the deity. One story that showcases Sant Goroba Kumbhar's deep immersion in devotion is that of h...
Read more

Why crypto asset management makes sense for novice investors

Image
Investing directly in cryptocurrencies can be challenging for most conventional investors because of their complexity, liquidity challenges, and volatility risk. The market for cryptocurrencies is quite unstable. Bitcoin's recent price volatility has seen it fall from grace and then almost immediately rise again. This volatility is a result of market manipulation, business failures, and hacking of investor accounts. However, it's also the very thing that attracts investors hoping for large profits to cryptocurrency. For the majority of traditional investors, investing directly in cryptocurrencies can be difficult because to its complexity, liquidity issues, and volatility risk. A crypto asset management company called Heru Finance specifically seeks to address this. 123Movies is a video streaming website where viewers can watch TV shows and Bollywood or Hollywood films. People can see the most recent films that have been released in HD quality on this website. Nobody else’s st...
Read more

Baywatch: A Lighthearted Take on the Classic TV Series

Baywatch , the iconic TV series that ran from 1989 to 2001, was known for its beautiful beaches, sun-kissed bodies, and thrilling action sequences. The 2017 film adaptation, starring Dwayne Johnson, Zac Efron, and Alexandra Daddario, captures the spirit of the original show while adding a fresh and modern twist. While not without its flaws, Baywatch offers audiences a lighthearted and entertaining romp through the sand and surf of Southern California . The film follows a group of lifeguards who patrol the beaches of Emerald Bay, a picturesque coastal town that is home to the most elite lifeguard team in the world. Dwayne Johnson plays Mitch Buchannon , the no-nonsense leader of the team, who takes newcomer Matt Brody (played by Zac Efron) under his wing. Along with fellow lifeguards Summer (Alexandra Daddario) and CJ (Kelly Rohrbach), they must investigate a criminal plot that threatens the safety of their beach and the people who visit it. Baywatch is a film that doesn't take its...
Read more