Facebook and Instagram owner Meta has boughtAudio Analytic, a Cambridge-basedstartupbuilding AI-driven sound recognition software.
This is all part of Zuckerbergs plan to make themetaversethe future of the internet.
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Whats more, the companys anticipating further losses in the coming year.
According toMetas Q3 Report, We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.
In other words, exactly the jot down of tech needed to improve our experience of the metaverse.
Theres a long history of American companies acquiring European startups before the latter can properly grow.
And until theres a solid answer to that question, were going to see this pattern keep repeating.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
