The metaverse is one of the biggest future bets for companies and investors. The digitization of the world has reached such a point that these companies want to build an immersive experience in which people live in virtual reality. A scene that is no longer defined as a futuristic science fiction image, but as something that is yet to come and that is going to change the world completely.
But what is the interest of companies in the metaverse? Until now, it was easy to understand that these companies would bill billions of dollars through e-commerce and entertainment. However, Jensen Huang, CEO of Nvidia, has opened a new door with his statements. It is not just about the money they can earn from this technology, but the large amounts they can save.
Huang believes that the global business fabric can rely on the metaverse, or omniverse – the name they use at Nvidia – to reduce waste and increase operational efficiency. “We lose a lot of things to overcompensate for the fact that we don’t simulate. We want to simulate all the factories in metaverses, in this omniverse. We want to simulate plants in the omniverse. We want to simulate the world’s power grids in the omniverse,” said the CEO. of the company, as reported by CNBC.
The metaverse would allow companies not to waste resources
The metaverse would allow these companies to get the most out of their resources by not having to waste them on costs that are easily eliminated thanks to this technology. “They are willing to invest a small amount of money to buy this AI capability, but what they save is hopefully hundreds and hundreds and hundreds of billions of dollars,” Huang said.
On the other hand, it is worth noting Nvidia’s interest in having the metaverse spread throughout the business fabric, since it is the largest manufacturer of chips and artificial intelligence in the world. In fact, this is one of the reasons why the company has increased its value dramatically in recent months. In fact, the company recently presented results that exceeded investors’ expectations.
So much so that the title has risen 29% so far this month and 66.6% in the last three months, such that Nvidia’s market capitalization is now $824.6 billion, positioning itself as the Seventh most valuable company on the S&P 500.
