The company expects to have fast, quiet and efficient taxis in the air by 2024. This past August, Joby closed a business combination with Reinvent Technology Partners, a special-purpose acquisition company led by LinkedIn co-founder Reid Hoffman, valuing the company at $4.5 billion in enterprise value and raising cash on the balance sheet to $1.6 billion. Uber spent four years spearheading the project before selling it in 2020 to Joby Aviation Inc ( JOBY) for an undisclosed amount. ( UBER) published a white paper that outlined its Project Elevate, an on-demand air transportation system, increasing the viability and validity of a once-futuristic concept. Meanwhile, Microsoft has invested in an 'enterprise metaverse,' which aims to create a digital twin for anything logical or physical, and Disney envisions a 'theme park metaverse' where users can 'visit a galaxy far, far away without ever leaving their home,' according to former chief technology officer Tilak Mandadi.ĮVTOL stands for electric vertical take-off and landing, a technology under development that could bring air taxis to life and reduce congestion on roads. In 2014, Facebook acquired virtual reality company Oculus VR for $2 billion and has since launched beta phases for VR communities and work rooms. If that sounds too futuristic, Facebook, Microsoft and Walt Disney Co. What's more, the metaverse will also redefine video games, making them more immersive through 360-degree experiences and by creating new interactions between players and their environment.

Previously a term from science fiction novels, 'metaverse' today refers to integrated virtual environments where people or their avatars can engage in ordinary activities like shopping, socializing or dining, often through a virtual reality headset and always without leaving their home.

Will there be a 6g network