Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot

MetaMeta, the company formerly known as Facebook, is preparing to face a strong market downturn. According to reports, Mark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Previously, Zuckerberg had warned about the metaverse pivot of […]

Go to Source

Powered by WPeMatico

Tencent Launches Extended Reality Unit to Tackle the Metaverse Market

tencentTencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According to reports, the company aims to employ over 300 in this unit, with Tencent giving it big […]

Go to Source

Powered by WPeMatico

Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown

Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan CrackdownLaw enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities. Cryptocurrency Miners in Dagestan Accused of ‘Illegal Entrepreneurship’ Officers from the Ministry of Internal […]

Go to Source

Powered by WPeMatico

Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity

qualcommQualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for companies and consumers in the area. Qualcomm CEO Cristiano Amon believes that, while there is much to do in the development space, this development is real and will bring a very […]

Go to Source

Powered by WPeMatico

Abkhazia Extends Crypto Mining Ban Till End of Year

Abkhazia Extends Crypto Mining Ban Till End of YearAuthorities in Abkhazia have decided to maintain a ban on cryptocurrency mining in the territory. The partially recognized republic in the South Caucasus is restricting the energy-intensive extraction of digital currencies, citing problems with power supply. Bitcoin Mining Remains Prohibited in Abkhazia The government of Abkhazia, a breakaway republic in Georgia, has prolonged current restrictions […]

Go to Source

Powered by WPeMatico