Metaverse helps big companies save billions of dollars

The CEO of Nvidia has reasons to explain the recent investment in the many tech giants in Metaverse

In CNBC’s “Mad Money” program, NVIDIA CEO Jensen Huang explained why the virtual world is receiving active attention from major companies.

In his view, the virtual world transcends all entertainment and business horizons. Huang believes that companies can rely on the metaverse or omniverse in Nvidia’s terminology to reduce waste and improve real-world operational efficiency.

“We waste a lot of things to make up for the fact that we can’t bring it into the virtual world. We want to simulate all the plants in the meta-universe, in the entire universe. We want to simulate the world’s power grid in many ways,” Huang said.

From the CEO’s perspective, the company can reduce waste, which has a positive impact on the company’s financial health. The head of NVIDIA said: “They are willing to invest a small amount of money to buy the potential of artificial intelligence, but hope to save hundreds, hundreds and hundreds of billions of dollars.”

The concept of Metaverse has existed in the science fiction world for decades, but it was not until some technology giants like Yuan concentrated their resources on creating virtual worlds that they received special attention. Interactive, role-playing.

Headquartered in California, NVIDIA is the world’s largest manufacturer of graphics processing chips and artificial intelligence. While the demand for semiconductors has grown, Metaverse’s attention has also had a positive impact on the company’s growth. The reason is that Nvidia chips play an important role in computing devices running Metaworld.

Just two days after NVIDIA released its third-quarter earnings report, Mr. Huang appeared on “Crazy Money”. The reported profit and revenue were better than expected. After plunging in recent weeks, the company’s stock price has also risen by 29% this month and 66.6% in the past three months.

Nvidia’s market value is currently US$824.6 billion, ranking seventh in the Standard & Poor’s 500 Index.

Facebook is nothing, the Chinese government has set up a special agency for Metaverse
For the Chinese government, the Lantern Festival is not a cliché, but a strategic trend in future technology.

Soon after CEO Mark Zuckerberg announced his vision for the new future of the Internet-the super universe-the digital super universe, the Chinese government took it a step further and recently established a national institution. initial. Pioneer in this field: Yuanjie Industry Committee supervised by China Mobile Communications Association (CMCA).

What’s more, at the establishment ceremony of the institution, Mr. Wu Zhongze, former deputy minister of the Ministry of Science and Technology, emphasized that Yuanjie is not only a fad or cliché, nor is it just a fad or cliché. This will become an important trend that China must accept to enhance its global scientific and technological strength.

“It is certain that in the next ten years, Metaverse will become a breath of fresh air for global technological development and will become a new competitive platform for the digital economy of all countries.” Mr. Wu added.

Why is China attaching so much importance to this new technology trend, while Metaverse does not have a clear and widely accepted definition?

This can be explained by a new book published in China by co-author Yu Jianing, chairman of the newly established Metaverse Industry Committee and blockchain expert, which outlines six major trends: main. In the meta universe. Among them, there are several aspects worthy of attention: the deep integration of the real economy and the digital economy, data becoming a core asset, and the globalization of digital finance. Decentralization, also known as DeFi.

These megatrends are also in line with China’s strategic goals for the Internet industry and its broader digital economy. The government also treats data as a factor of production and has established a regulatory infrastructure to ensure complete control of the massive data of technology companies.

In addition, the integration potential of Metaverse’s real economy and digital economy is also in line with the goals mentioned in some recent speeches by President Xi Jinping. Shen Yang, a professor at the School of Journalism of Tsinghua University, also said in an interview recently that the income generated by Metaverse can be used to repay the real economy, so development must be “a good economic system.”

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