Meta acquires startup company for metaverse unit Reality Labs



Meta acquires startup company for metaverse unit Reality Labs

Social media giant Meta has announced that it will acquire Cambridge-based startup Audio Analytic. Financial details of the deal have not yet been made public. It has been stated that the startup company will join Meta’s Reality Labs unit, which focuses on metaverse development.

According to the transferred details; Audio Analytic trains artificial intelligence to recognize common sounds in everyday life, such as breaking glass or barking a dog. The Audio Analytic team is expected to support research in Meta on how best to emulate sounds in the physical world in the metaverse. In this way, it is stated that Meta’s metaverse platforms will be enlarged, developed and brought closer to reality.

Meta recently announced that it would lay off 11,000 of its employees.

Tech companies use Audio Analytic’s “ai3” software to develop products linked to voice recognition technology. It is known that the venture company has previously collected $25 million in financing.

On the other hand; Meta announced in a recent financial report that it would lay off 13 percent of its employees after announcing that it was making a loss from its metaverse investments. It was stated that this rate corresponds to approximately 11 thousand employees.

Soruce : https://tr.cointelegraph.com/news/meta-acquires-a-startup-for-its-metaverse-focused-reality-labs-division

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