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Qualcomm and Baidu
Semiconductor leader Qualcomm (NASDAQ: QCOM) and the renowned Chinese internet search provider Baidu (BIDU) have signed a preliminary agreement to work together on extended reality (XR) innovations and the development of a metaverse ecosystem. The alliance will also delve into generative AI tailored for metaverse frameworks.
XR Solution Development
Baidu’s goal is to accelerate XR solution development by incorporating Qualcomm’s Snapdragon Spaces XR toolkit into its XiRang metaverse ecosystem. This joint effort will leverage cloud and AI solutions across a range of domains such as travel, education, and sports. This initiative underscores a tactical approach to elevate XR and metaverse functionalities, with the potential to influence diverse sectors.
For investors looking to gain a foothold in companies venturing into the Metaverse, the Global X Metaverse ETF (VR) presents an attractive choice. The value of this ETF has risen by over 30% since the beginning of the year.
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