simpleton view as a non-tech person - investors/traders are well known to buy high / sell low and I think that holds true for businesses.
I suspect VR needs more AI in it for story telling and experience as suspect most of the VR work is more akin to 90's expert systems. Open worlds needs standards for open explorations and standards may be the key for all the current LLMs and next generation models to show up in VR.
Assuming FB has been successful in leveraging the inhouse pytorch expertise over these years and hopefully has not lost it's people in their zealous cost cutting when forced to de-prioritize VR. If that is the case, then we have seen that many times over and over - deep pockets and patience wins most of the trades
Personal anecdote. I was behind a Tesla on a bit of mountainous stretch (single lane) on my drive home on a Sunday eve - so literally no traffic, and noticed the Tesla was painfully slow and almost at standstill. I realized it was on autopilot and literally sticking to the speed limits although the driver could have easily done at least 10mph over.
The big truth that dawned on me was, here in northeast US with mostly single lanes, these level X driving cars are going to stick to speed limits, and am totally curious to see how road rage is going to show up
A few decades ago, when my boss (senior exec at major US airline) was negotiating to be a part of Denver International Airport - he wrote in legalese requiring Denver Stapleton airport to be shutdown. He expected DIA to have tons of problems which it did, but killing Stapleton kept DIA on track.
Couple of anecdotes - the baggage handling design (I saw the revised version) was shuttling suitcases easily above 25 miles/hour and the architects had them drop through chutes at such high speeds
Much later, with the youtube era, I came across the various conspiracies on DIA. Good for a bored late night browsing
I hope we do this instead of financialzing one more necessity of life. Structurally increasing such supply significantly will really bring down the costs and can help people worldwide
I worked on modeling/mapping market risk schema in Quartz a few years ago and used to wonder why they were "customizing" open source software/systems in house, when they can as well as supported those initiatives directly and publicly. As a C++ dev,I had already realized the world of software tooling had passed by me, but still used to wonder at the (over)engineering of everything in quartz and involved skills that were not transferable.
My view now is the value of these in-house systems is essentially a cost efficiency play on run costs, and there there is very little revenue/growth opportunities for the business from these investments. With Volcker (really the best thing to happen in the '10s) and loss of prop trading means all the market makers live off the spread, and so while there is value to minimize operational costs, they are not worth the investments that have been made.
Bottom line for me is investments within large firms in capital markets are unlikely to generate revenue/profits in scale - I am sure there are some exceptions and would like to know
I suspect VR needs more AI in it for story telling and experience as suspect most of the VR work is more akin to 90's expert systems. Open worlds needs standards for open explorations and standards may be the key for all the current LLMs and next generation models to show up in VR.
Assuming FB has been successful in leveraging the inhouse pytorch expertise over these years and hopefully has not lost it's people in their zealous cost cutting when forced to de-prioritize VR. If that is the case, then we have seen that many times over and over - deep pockets and patience wins most of the trades