Top 13 Metaverse Companies in the World 2022

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June 25, 2022

The Metaverse is a growing industry with immense potential. In this blog post, we’ll explore some of the most promising Metaverse companies in the world in 2022. These companies are developing groundbreaking technology that will enable billions of people to connect and interact in virtual worlds. But let us first clear the cloud-related to what the Metaverse actually is. The Metaverse is a term first used by science fiction writer Neal Stephenson in his 1992 novel Snow Crash. It refers to a shared virtual reality where users can interact with each other and with digital objects. The term is often compared to the Matrix, a virtual reality environment in the 1999 film. A Metaverse can be entirely virtual, like Second Life, or a mix of virtual and real-world elements, like Pokemon Go. Users can create avatars to represent themselves in the Metaverse, and they can interact with other users and with digital objects in the Metaverse. As the Metaverse continues to grow in popularity, so do the number of companies operating within it. From small startups to large enterprises, there is a growing number of businesses that are looking to capitalize on the Metaverse. This article will list the top Metaverse companies in the world in 2022 that are meticulously developing this technology. However, a point to be noted is that this article does not rank the companies according to the positions they are placed in.

Meta

When talking about Metaverse, it is inevitable to mention the most popular Metaverse company, Meta, formerly known as Facebook. Meta revealed that the Metaverse organization is concentrating on creating a supercomputer with a quintillion operations per second to power the Metaverse. Meta has selected the European Union to develop its high-tech technology that has the potential to revolutionize the way we interact with each other in the virtual world. Recently, Meta also announced its plans to launch Horizon Worlds social metaverse platform on the web. This will be a significant development towards making metaverse more accessible to users across the globe, as the Horizon Worlds social metaverse platform is currently available only for Meta’s Quest VR Headset users. The company claims that it is transforming social technology by pushing past 2D displays and into immersive experiences like virtual and augmented reality as a step to entering Web3.

Decentraland

Decentraland is a virtual reality platform that enables users to explore the Metaverse and experience novelty. In Decentraland Metaverse, users can explore LANDs owned by others to experience incredible scenes and structures. Using the simple Builder tool, users can create scenes, artwork, challenges, and more, then participate in events to earn prizes. Virtual reality, app development, game creation, cryptocurrency, and 3D art and design are all services offered by Decentraland. When customers buy virtual plots of land using the Metaverse technology of Decentraland, it helps them build and monetize various apps and content.

Hyperlink Infosystem

Hyperlink Infosystem is an Indian Metaverse company that develops decentralized space for gaming, socializing, and other industries. Though the company is renowned for its skill in creating cutting-edge websites and mobile applications, with the invasion of Metaverse, it has stepped into this technology as well. Users-friendly apps with blockchain-specific characteristics like automation, security, transparency, and user authority can be created by Hyperlink Infosystem’s Metaverse developers. It has more than 650 highly qualified employees that are constantly prepared to develop solutions employing next-generation technologies like the Metaverse that maximize customer ROI.

Microsoft

Global technology giant Microsoft is also in the race to create its own Metaverse. Recently, Microsoft also acquired leading video game developer, publisher, and distributor Activision Blizzard for a whopping $68.7 billion as a step for Microsoft toward building its Metaverse. CEO and Chairman of Microsoft, Satya Nadella, mentioned that gaming is one of the most dynamic categories in the entertainment industry across all platforms, and it will play a vital role in the development of Metaverse. Additionally, the company recently assembled a panel of top specialists to talk about the company’s Metaverse plan at Microsoft Build 2022. Moreover, to provide Metaverse users access to new capabilities, Microsoft is also developing a new augmented reality chipset alongside Qualcomm.

Tech Mahindra

Tech Mahindra recently launched TechMVerse, the company’s Metaverse practice, to deliver interactive and immersive experiences in the Metaverse for its customers. According to the company, Tech Mahindra will use its industry-leading network and infrastructure capabilities as well as its foundational technological capabilities, including pervasive Artificial Intelligence (AI), Blockchain, 5G, Augmented Reality (AR), Virtual Reality (VR), and Quantum Computing, to build B2B use cases across sectors. Tech Mahindra is prepared to use the Metaverse’s potential to create futuristic experiences right away.

Accenture

Accenture is one of the world’s leading information technology companies that have also now stepped into the Metaverse. The company is providing Metaverse development services to bring human connection into the digital world. Accenture recently launched its Metaverse Continuum, which will change how firms connect with their clients, how work is done, what goods and services they offer, how they produce and deliver them, and how they run their company. Accenture mentions that the Metaverse, as the next development of the internet, will be a continuum of quickly evolving capabilities, use cases, technologies, and experiences.

Unity

Unity is one of the most prominent Metaverse companies famous for developing innumerable mobile games. Unity enables game developers to create high-quality graphical material that is compatible with all devices, including phones, consoles, computers, and virtual reality. By letting everyone participate in Metaverse content generation, Unity has the ability to give artists and creators the tools they need to thrive in the Metaverse. Moreover, the company is also working on new applications for its graphics tools, such as video animation, architecture, and other related fields.

Infosys

Infosys had launched its Metaverse Foundry, which brings together the strength of platforms, digital accelerators, and strong partnerships in a dynamic creator-partner economy. The technologies that are included in Infosys’s new service include XR, DLT, 5G, AI, IoT, and many more, which are crucial for the development of Metaverse. Additionally, the company’s collaboration tool allows remote users to get together, chat, and exchange data in real-time in a shared virtual and immersive 360 environment. With all these capabilities, Infosys is definitely one of the leading Metaverse companies in the world.

NVIDIA

While speaking of Metaverse, NVIDIA is definitely a Metaverse company that deserves a spot on this list. NVIDIA had earlier launched its Omniverse platform, which is a scalable, multi-GPU real-time reference development platform for 3D simulation and design collaboration and is based on Pixar’s Universal Scene Description and NVIDIA RTX technology. This development was a significant step toward the end of NVIDIA to develop a Metaverse. Moreover, the company also announced the Metaverse Standards Forum, an open venue for all interested parties to discuss and debate how best to build the foundations of the Metaverse.

Everdome

Everdome provides a destination for Metahero’s remarkable tech to live, interact and flourish. The Metaverse organization offers a platform for anybody to develop a very real-life version of the Metaverse. The goal of the company is to provide the best possible Web3 experience to users leveraging cutting-edge technologies like virtual reality and others.

Amazon

Global eCommerce and technology giant Amazon is also not behind the race to create Metaverse. The company recently launched Amazon View, an augmented virtual room that provides the fundamental layout of a house in 3D, which has the potential to revolutionize the eCommerce sector and consumers’ shopping experience. This will be a significant step for the company towards developing a full-fledged eCommerce Metaverse. Users can seamlessly decorate their rooms virtually using the tool, which is more like an extension of an actual Metaverse.

The Sandbox

The Sandbox is developing a decentralized gaming platform using non-fungible coins and blockchain technology for Metaverse. The fact that it is the third-largest Metaverse based on the Ethereum blockchain makes it one of the top Metaverse organizations in the world. The Dubai Virtual Assets Regulatory Authority (VARA) had announced the purchase of a plot of property in The Sandbox Metaverse to build its virtual headquarters, which proves the popularity of the Metaverse.

Somnium Space

Somnium Space is a blockchain-based open, social, and persistent VR platform. Somnium Space has 5,000 land parcels that are unevenly distributed among plots along with a pre-generated map. The best part this that the platform gets regularly updated Though the platform got publicly available in 2018, it was launched back in 2017.

Neuron7.ai Raises $10M in Series A Funding

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Disha Chopra

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June 25, 2022

An AI-powered service software firm based in San Jose, California, plans to use the $10M Series A funding to develop its customer and product success teams in the US and India. Vinay Saini and Niken Patel found Neuron7.ai in 2020 to leverage AI and natural language processing (NLP) to enhance service metrics.

Excited to announce $10M in Series A funding led by @BatteryVentures and @NexusVP, to help Neuron7 revolutionize #customerservice and #fieldservice with AI-powered collective intelligence.

Learn more: https://t.co/pylDniptMK pic.twitter.com/E0ofNujvt8
— Neuron7-AI (@Neuron7_AI) June 21, 2022

The company offers an intelligence platform, the Neuron7 Service Intelligence Platform, a cloud-based solution that gathers intelligence from the data and employees of an organization. This group intelligence is transformed into actionable forecasts that facilitate rapid problem identification and resolution.

Niken Patel, CEO of Neuron7.ai, said, “Knowledge in an enterprise is siloed. Support, field service, and engineering expertise is spread across systems, data and experts”. He added, “Re-thinking the way knowledge/intelligence is captured and shared across silos in the enterprise, Neuron7.ai creates an enterprise-wide resolution system of record.”

Neuron7 has recently introduced many groundbreaking AI services like:

Intelligent Search: discovers the precise response from the entirety of a company’s customer service data and documentation by comprehending the human context of inquiries.

Intelligent Telemetry: transforms data from connected devices into actionable insights and maintenance advice.

Intelligent Diagnostics: provides micro predictive analytics at each step of the procedure and guides the technicians through identifying and addressing the issue.

Neuron7 plans to use the investment to continue bringing innovations to help customers as they shift to outcome-as-a-service business models. Abhishek Sharma, Managing Director at Nexus Venture Partners, said, “We’re thrilled to be increasing our investment in and strengthening our partnership with Neuron7.ai. We like Neuron7’s vision of using AI and NLP to help customers resolve any issue within seconds and turn customer service into a profit center.”

Euclid raises $27M in Series B Funding for its AI-based Heart Disease Diagnosis Software

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Disha Chopra

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June 24, 2022

euclid raises $27M for heart disease diagnosis

In a series B funding round, Euclid, a medical technology company based out of Boston, scores $27M. The company announces that it will commercialize its AI-based heart disease diagnosis software.

Using machine learning techniques, Euclid’s noninvasive software was designed to generate measurable data on the heart’s assessed tissue. The technology is specifically made to spot abnormalities brought on by plaque accumulation, necrotic cores with high lipid concentrations (known as “Lipid Rich Necrotic Cores”), and other changes that may be indicative of a heart attack. The organization also looks at the software’s use in determining a vessel’s capacity to enlarge and changes in fractional flow reserve (FFRct).

Blake Richards, CEO of Euclid, said, “Euclid is committed to providing physicians the most rigorously validated diagnostic platform to fight cardiovascular disease. Every patient is different and needs to be treated specific to his or her individual disease.”
Euclid’s technology was approved by the FDA and received a CE mark in detecting plaque changes in the cardiac tissue compared to traditional specimen histopathology. John Fichthorn, from MedTex Ventures (one of the investors from the Series B round), said, “Euclid’s basis in histopathology is highly differentiated from competitive methods and is paramount to understanding the key drivers of atherosclerosis which cause ischemia and heart attacks.”

Coimbatore Airport gets AI-powered Robots

By

Dipayan Mitra

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June 24, 2022

Coimbatore airport in Tamil Nadu now gets artificial intelligence (AI)-powered robots to provide a better experience to travelers and visitors.

According to the airport management, the software employed for the robots has been customized for Coimbatore airport and will show a number of airport-specific services.

The AI robots will freely move around inside the airport to greet passengers and ask whether they want any assistance. Officials mentioned that the robots got deployed on Thursday, 23rd June.

The official press release mentioned, “With this, we are bringing the help desk to the passenger rather than passengers approaching the help desk.”

The robots will set up a video connection on the robot’s screen to link the traveler to the airport terminal assistance desk if they wish to talk to an official.

Moreover, the AI-enabled robots will provide information on food convenience services to travelers.

The Airport Authority of India mentioned in a Tweet, “#AAI believes that innovation plays a significant role in civil aviation sector & can change the way airports function and provide better facilities to air travelers. #AAI’s #Coimbatore @aaicbeairport introduces AI-based robots to provide enhanced airport experiences to flyers.”

#AAI believes that innovation plays a significant role in civil aviation sector & can change the way airports function and provide better facilities to air travellers. #AAI's #Coimbatore @aaicbeairport introduces AI-based robots to provide enhanced airport experiences to flyers. pic.twitter.com/wNGQmiZMWf
— Airports Authority of India (@AAI_Official) June 24, 2022

Earlier this month, a similar deployment also happened at the Bengaluru airport. Kempegowda International Airport, Bengaluru, introduced 10 new AI-powered assistance robots. The robots will provide numerous services, including information on the flight status, passenger convenience services, directional assistance, retail, and F&B information, mentioned officials.

The AI robots were developed in collaboration with Artiligent Solutions, a company specializing in AI and robotics. English is the current default language of the robots, but more languages are to be added soon.

Russia’s Yandex announces an open large language model

By

Disha Chopra

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June 24, 2022

yandex announces open large language model

To spur more thorough development of certain AI technologies, Russian technology company Yandex announced that it has opened up a sizable language model YaLM 100B, for research purposes. The model is open to the public as an impetus to make the general public aware of the pros and cons of large language models.

Large language models are powerful algorithms that can compose paragraphs of text and resemble human speech. They have emerged as a significant AI trend in using generative neural networks. Public research is being conducted to hasten and advance the development of specific AI technologies.

Petr Popov, CEO of Yandex Technologies, said, “By making YaLM 100B publicly available, we hope to give impetus to further developing generative neural networks.”

The open large language model is gaining more footage after Meta Platform’s open-source model OPT 66B, was claimed to be the “largest unrestricted AI model”, with 66 billion parameters. After the release, Yandex claimed that its open model was larger. Yandex said, “YaLM 100B contains 100 billion parameters, more than any GPT-like model available in open-source under a licence that allows commercial use.”

The company is exploring ways to revitalize itself after the last few months of distress due to the Russia-Ukraine turbulence. Due to a severe first-quarter loss, the company flagged possible negative externalities from sanctions against Russia.

Sam Altman designs Shoes with DALL-E – How far have Image Generators come?

By

Dipayan Mitra

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June 24, 2022

Sam Altman, CEO of Elon Musk’s OpenAI, recently tweeted that he has designed two shoes using OpenAI’s DALL-E and is now looking for ways to get those shoes manufactured easily.

designed these shoes with dalle and now i want them irl–anyone know a relatively easy way to get them made? thanks! pic.twitter.com/umDSygo8b6
— Sam Altman (@sama) June 22, 2022

Twitteraties stormed the comment section with creative suggestions, including some asking him to get the shoes ready using 3D printing technology.

DALL-E is a multimodal generative neural network that can generate visuals based on text inputs. DALL-E employs a 12-billion GPT-3 parameter version trained on a text-image pair dataset to create pictures from text descriptions.

Over time, the available text-to-image generators have become so accurate that it is quite challenging to determine which image is actual and which is fake. As language models keep on getting better, the quality, clarity, and relevance of the generated images also get better.

Recently, OpenAI released an open version of DALL-E named DALL-E Mini, as the prior is not yet available publicly. Once it got on the air, people across the globe created several humorous and weird images using it.

Lmao I can’t believe how accurate this thing is#dallemini pic.twitter.com/YxQm92HYF9
— Bryan (@twerkforseitan) June 9, 2022

Though such image generators have witnessed criticism, the fact cannot be denied that they offer entertainment to users and also demonstrate how far technology has come over the past decade.

For instance, the first fission of DALL-E creates realistic images and artwork from simple words. It chooses the best picture from all the outputs to fit the user’s specifications. However, to take it a notch higher, the latest version of DALL-E discovers the link between visuals and the inputs by employing diffusion. It is a technique that starts with a random dot pattern and gradually modifies that pattern to resemble a picture when it detects specific qualities of that image.

Image Source

Images produced by the latest text-to-image generators are far more realistic in the sense of clarity as well as their artistic nature.

Recently, Google also showcased its latest artificial intelligence-powered text-to-image generator named Imagen. The images that Google displays are hyper-realistic. Imagen’s capabilities include sketching, painting, creating oil paintings, and also producing CGI renders.

Since then, there has been a lot of debate across the world regarding which AI text-to-image generator is better, DALL-E or Imagen. No matter what the answer is, the fact is that the results from both the generators show us how much they have evolved and expect what the future beholds for such high-end technologies.

Instagram to use AI for Age Verification

By

Dipayan Mitra

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June 24, 2022

World’s one of the most popular social media platforms, Instagram, reveals its plans to use artificial intelligence and other tools to verify the age of its users.

It has been a concern for several years as innumerable individuals below the required age get to use social media platforms without facing much trouble.

The root cause behind this issue is that no particular method can be implemented to accurately identify someone’s actual age.

To tackle this challenge, Instagram is now testing various ways to verify the age of its users, such as a face-scanning artificial intelligence technology, having common friends verify their age, or submitting an ID.

To use the facial scanning option, a user has to upload a video selfie, which will then be sent to Yoti, a UK-based company, for age verification.

However, this technology has also faced backlashes from people as Facebook’s image related to privacy has not been pretty good. The concern is that the privacy of the IDs and images uploaded by teenagers has to be in safe hands.

Nevertheless, according to the company, privacy is not at all a matter to worry about, as the technology used to check people’s ages does not recognize identity but merely age.

Julie Dawson, Yoti’s chief policy and regulatory officer, said, “It doesn’t ever recognize, uniquely, anyone. And the image is instantly deleted once we’ve done it.”

Meta stated that starting on Thursday, anyone attempting to change their Instagram date of birth from under the age of 18 to 18 or over would be forced to authenticate their age using one of these ways. “We are giving people a variety of options to verify their age and seeing what works best,” said Erica Finkle, Meta’s director of data governance and public policy.

Amazon announces CodeWhisperer, a GitHub’s Copilot Alternative

By

Disha Chopra

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June 24, 2022

Amazon at AWS re:MARS 2022, Las Vegas, announced an automated coding assistance tool called CodeWhisperer for developers with the AWS IDE toolkit. This plugin is Amazon’s counter for Github’s Copilot, an AI code completion tool recently open-sourced.

According to AWS, it has used billions of lines of code from open-source programs, internal code repositories, and other sources to train CodeWhisperer. The service can generate more than ten lines of code at once. Additionally, it can be customized to match the coding style employed in a specific software project, simplifying some development duties.

Jeff Bar, AWS Chief Evangelist, said, “CodeWhisperer will continually examine your code and your comments, and present you with syntactically correct recommendations. The recommendations are synthesized based on your coding style and variable names, and are not simply snippets.”

Making it more straightforward for developers to use the cloud platform provided by AWS is another thing that CodeWhisperer does. Tasks like building buckets or data storage repositories in AWS’s well-liked Amazon S3 storage service are more straightforward with CodeWhisperer. It also integrates with other well-known services like AWS Lambda and Amazon EC2.

However, just like Copilot, CodeWhisperer also faces the challenge of potential licensing concerns. Amazon has already tried to address the issue in case the AI-generated code violates someone’s copyright or license.

The FAQ section about the new service explains, “CodeWhisperer’s reference tracker detects whether a code recommendation may be similar to particular CodeWhisperer training data, and can provide those references to you.”

Currently, the plugin is under preview. The preview version is compatible with Python, JavaScript, and Java in the context of IntelliJ IDEA, PyCharm, VS Code, WebStorm, or even AWS Cloud9. You can avail of the plugin for free in the trial period and then $10/month, currently only if you have access to the AWS IDE toolkit.

San Diego man develops AI garbage locator system

By

Sahil Pawar

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June 24, 2022

San Diego man develops AI garbage locator system

Nathaniel Felleke, a citizen from San Diego, has developed a machine learning system based on AI that can detect the location of the garbage with the help of a camera and show where it is on the map.

Felleke, who lives in the city, developed the system to find a solution to the garbage problem in the city. Felleke said that the location of the garbage site could help the concerned authorities to clean-up and hence he developed a garbage locator system.

Felleke created a photo collection using Edge Impulse using roadside images from various sources to teach the model to distinguish the garbage. In this system, a webcam is mounted on the glass of the car to detect the garbage. The webcam captures images while driving and Raspberry Pi 4 motherboard detects the garbage.

When garbage is detected, the Pi 4 transmits the GPS location of the trash through its cellular modem to cloud databases. A heat map is also created about where the garbage is using the data obtained from Google Maps.

Felleke said that garbage is one of the things that people ignore even though it is easy to spot, and the issue of proper disposal of garbage is widespread. He added that most people see garbage as someone else’s problem. However, this problem is for all of us and it is certain that this problem will grow even more in the future, he added.

IKEA Launches AI-powered Interactive Reality “Kreativ”

By

Disha Chopra

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June 24, 2022

The Swedish furniture giant IKEA offers an exciting new feature for its customers by launching an AI-driven digital design experience via Kreativ. The latest technology will add to IKEA’s AR technologies and allow customers to visualize its offerings in various living spaces. This can be quickly done on the smartphone without commuting to the brick-and-mortar store.

Platforms for virtual home design are not new, but the IKEA Place app, IKEA was one of the first furniture firms to add AR technology back in 2017. The Place app uses Apple’s ARKit to allow users to scan a room and install IKEA chairs, beds, or other furniture in the space. However, there is not much that the app offers.

On the other hand, IKEA Kreativ uses a wide-angle 3D projection to allow customers to design the complete area from head to toe. It can also remove existing furniture from a snapshot, allowing you to create a blank slate with real-world scale furniture from the whole IKEA catalog, such as ergonomic home office chairs, reasonably priced rugs, and LED wall lights.

AI specialists at Geomagical Labs, Silicon Valley, developed the hybrid technology with spatial computing, 3D mixed-reality, and machine learning. Brian Totty, CEO and Founder of Geomagical Labs, said, “We’re working hard to help people imagine a better life at home, by fusing real technology advancements with fun and magical user experiences.”

Currently, the Kreativ feature is compatible with iOS devices and desktops. The technology will soon be rolled out for Android devices later this summer. IKEA Kreativ will first be available in the United States. The company plans to schedule the AI launch in more countries around the world in FY23.