The company had ambitious plans to create virtual reality software and hardware. The company even managed to develop a new ring-like game controller concept. However, the sources said that the difficulty in making a quick profit and the large investment required to produce a competitive product are among the factors that forced him to leave Metaverse.
Earlier, Tencent Holdings, Baidu, NetEase and other Chinese IT giants announced plans to test and launch their own neural networks like the sensational ChatGPT in the near future.
Source: Ferra
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