The rise of generative AI, particularly OpenAI's ChatGPT, has outpaced interest in the metaverse, leading to a decline in related investment and coverage. Although the term 'metaverse' faces backlash, applications like digital twins and XR are growing, with AI enhancing their capabilities. Tom Wheeler asserts the importance of AI in the metaverse, claiming every use of the term relates to AI integration. However, AI is also experiencing its own challenges as it enters the Trough of Disillusionment according to Gartner, an indication of typical technology adoption phases.
The metaverse's relevance is fading as interest in AI grows, but applications like digital twins in AR, VR, and XR are thriving with AI's support.
Tom Wheeler asserts that the term 'metaverse' should be synonymous with 'AI-enabled metaverse', emphasizing the foundational role of AI algorithms in shaping the metaverse.
AI's journey mirrors that of past technologies, as noted by Autodesk's CEO, highlighting a tumultuous phase of hype before practical utility emerges.
Gartner's Trough of Disillusionment indicates a decline in interest for AI, illustrating the challenges faced during the commercialization of groundbreaking technologies.
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