Meta apos;s Metaverse App Horizon Worlds Is BARELY Being Used By Employees

Last week memory chip maker Micron Technology warned of tougher times and said it was cutting its capex investments in fiscal 2023 by over 30% to a total of $8 billion. Nvidia Corp and Intel Corp both delivered much worse than expected earnings in their latest reports.

Earlier, RIA reported that Telegram messenger was hit with two fines totalling 11 million roubles ($179,000) for refusing to delete channels which allegedly showed how to "sabotage" military vehicles and hosting "unreliable data" about Russia's progress in what it calls a "special military operation" in Ukraine.

"Our core activities and values remain unchanged. We want to create revolutionary role-playing games with memorable stories that inspire gamers," the company's chief executive Adam Kicinski said in a statement.

'But currently feedback from our creators, users, playtesters, and many of us on the team is that the aggregate weight of papercuts, stability issues, and bugs is making it too hard for our community to experience the magic of Horizon. 
Oct 6 (Reuters) - Chipmaker Advanced Micro Devices Inc on Thursday provided third-quarter revenue estimates that were about a billion dollars less than previously forecast, signaling the chip slump could be much worse than expected.

"As a consequence, some of the business that was drawn in placed the casinos at real jeopardy of infiltration by persons whom The Star had reason to suspect were likely to have been involved in criminality," Mr Gotterson wrote.

LONDON, Aug 16 (Reuters) - A court in Russia has fined streaming service Twitch 2 million roubles ($33,000) for Pkv Poker hosting a short video containing what it calls "fake" information about alleged war crimes in the Ukrainian town of Bucha, Russian news agencies reported on Tuesday.

Tencent's pursuit of bigger stakes in its existing gaming portfolio or new targets would give the company a bigger say in such firms' businesses and also help it secure the intellectual property rights of popular games, said the four sources.
In a September 15 memo to employees obtained by , Meta's VP of Metaverse, Vishal Shah, said the team would remain in 'quality lockdown' for the remainder of 2022 in order to 'ensure that we fix our quality gaps and performance issues before we open up Horizon to more users.'

Runaway inflation and the reopening of offices and schools have led people to spend less on PCs than they did during lockdowns when many bought computers for work and school as they stayed home during the pandemic.

Meta's virtual reality network Horizon Worlds, currently the centerpiece of its metaverse endeavor, is suffering from bugs and not being used very much by the very employees who are building it - new internal documents reveal

Meta's virtual reality network Horizon Worlds, currently the centerpiece of its metaverse endeavor, is suffering from bugs and not being used by the very employees who are building it - new internal documents reveal. 

"I think AMD is showing that nobody is safe from the post-pandemic PC downturn, and those inventory corrections are also impacting the company," said Anshel Sag, chip analyst at Moor Insights & Strategy.

The company, which had a bumpy time after the bug-ridden launch of "Cyberpunk 2077" game in late 2020, said it started conceptual work on an entirely original project, outside of the Cyberpunk and The Witcher sagas.

Apart from new games, CD Projekt said it planned to set up a new studio in North America, adding multi-player to the majority of future projects, and further expansion of its franchises into film and TV.

"We have in black and white some damning findings about how this company has operated, how they dealt with the regulator, and their obligations to act in the public interest clearly were not taken seriously," she told reporters on Thursday.

"The two Star casinos presently carrying on business in Queensland (Star Gold Coast and Treasury Brisbane) have been operated in a way that is inconsistent with the achievement of the objectives of the Casino Control Act," the report said.

Tencent's growing focus on overseas assets and markets is in sharp contrast to its much slower dealmaking pace at home since the regulatory clampdowns intensified, and the divestment of a clutch of domestic portfolio companies.

In Europe, except for its purchase of majority stake in "Clash of Clans" mobile game maker Supercell for $8.6 billion in 2016, Tencent has for years mostly cut minority deals including its purchase of 9% of British gaming firm Frontier Developments.

Also, with Beijing strictly restricting game approvals at home and still suspending approvals for games of foreign IPs, Tencent is forced to move towards gaining control of foreign game companies and their IPs, said the four sources.

From 2015 to 2020, the owner of China's number one messaging app WeChat 150 investments at home totalling $75 billion, compared to 102 deals worth $33 billion in overseas markets, according to Refinitiv data.