3/16/2023 0 Comments The next big thing bet![]() These companies have failed to generate meaningful revenues or fully proven out their business models as of yet. It should be noted from the top that these two are far riskier than anything else on the list. Microsoft (MSFT)Ī concept image showing a quantum computer with a matrix background quantum computingįor the final two picks, we have pure-play quantum computing stocks. Items such as IBM’s quantum computing arm serve as upside options that could suddenly cause IBM stock to move to a higher valuation. However, IBM retains a highly profitable core business while being one of the most powerful research and development (R&D) teams in the world. Will IBM’s quantum computing venture follow a similar path? Only time will tell. Watson has proven adept in winning at games such as chess and Jeopardy but has not achieved the levels of commercial prominence that IBM stock bulls might have previously hoped. After all, the company has long touted Watson, its AI-powered computer system that answers questions posed to it in natural language. Investors might be skeptical of IBM’s abilities here. The capacity of qubits is a key consideration for when this technology may reach commercial viability. IBM is aiming to top 1,000 qubits within the next couple of years. Its Hummingbird computing system hit 65 qubits of operating capability in 2020. And it’s had a significant amount of success to date. IBM (NYSE: IBM) has been working on developing its own quantum computing systems for quite awhile. IBM logo is in large letters on side of building. Let’s brace for it.Photo of IBM (IBM) building as seen through the canopy of a tree. In conclusion, the metaverse is being seen as the convergence of physical and digital worlds. Microsoft is building what it calls ‘Enterprise Metaverse’ with Mesh, a cloud-based mixed reality app, to make collaboration and software creation easier. Together with the app, Facebook announced a $50-million fund to develop the metaverse more responsibly and collaboratively.Īpple, Google and Microsoft are investing in cloud computing and Virtual Reality (VR) technology, anticipating the growth in this space. The collaboration tool works on Facebook’s VR headset Oculus Quest 2. The land prices in Decentraland have surged in the past few years.įacebook recently unveiled the beta version of its VR-powered app Horizon Workrooms, where colleagues represented by animated avatars could work together in virtual conference rooms. ![]() Such assets are often traded using cryptocurrencies.īlockchain platforms like Decentraland and The Sandbox allow people to buy virtual real estate, trade artworks in the form of Non-Fungible Tokens (NFTs) and create their own environments. Several platforms that are powered by blockchain are also allowing users to build and own decentralised digital assets. Many platforms are developing Augmented Reality (AR) and Virtual Reality (VR) technology that will allow users to fully interact in virtual worlds. American rapper Travis Scott’s live virtual concert in Fortnite in April last year attracted 27.7 million players. Games like Fortnite and Roblox host virtual events. The definition of metaverse is evolving, but today it refers to real-time 3D virtual spaces, where users like you and I can meet, create, socialise, work, buy goods and services and attend events with other people who are not in the same physical space.Ī true metaverse is meant to perfectly replicate real life, although it is unclear how many more years it will take to develop.įor now, nothing comes closer to the metaverse experience than video games. While his idea of the metaverse was fiction then, it is slowly turning into a reality now. He described the concept as a successor to the internet. The term ‘metaverse’ was coined by American writer Neal Stephenson in his 1992 novel Snow Crash, where a 3D virtual world was inhabited by the avatars of real people.
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