In today’s edition: Twitter rival Threads overtakes ChatGPT as the fastest growing app ever. The VR headset war intensifies. ChatGPT loses steam. Volkswagen begins testing its driverless vehicles. Stay informed with today's top metaverse tech stories and gain access to over 15 quick bytes, research papers, tools, guides, and resources to help you navigate the metaverse.

Must-reads

1. Twitter Rival Threads Overtakes ChatGPT as the Most Rapidly Downloaded App Ever, Says BofA: According to Bank of America, the Twitter rival app Threads has surpassed ChatGPT as the fastest-growing app in terms of downloads, signaling a shift in user preferences. (Investing.com)

2. Apple Vision Pro Headset Set to Launch in US Stores by Appointment Only: Bloomberg reports that the highly anticipated Apple Vision Pro headset is scheduled to launch in US stores, offering advanced VR and AR capabilities to users. (Bloomberg)

3. ChatGTP’s Traffic Loses Momentum: OpenAI's ChatGPT records its first monthly decrease in traffic in June, as indicated by SimilarWeb data. Google Trends data also suggests that its viral search has also slowed in recent weeks (see diagram above). (Reuters)

4. Larry Fink, CEO of BlackRock, Envisions Bitcoin's Revolutionary Potential in Finance: In a recent statement, Larry Fink highlights the transformative impact of Bitcoin on the financial industry, suggesting it could revolutionize the way we conduct transactions and store value. (CoinDesk)

5. Zuckerberg and Tencent Eye Metaverse Expansion with Quest Goggles in China: Mark Zuckerberg and Tencent aim to expand their presence in the metaverse space with the introduction of Quest Goggles in China, highlighting the growing interest and competition in this emerging technology. (Vision Times)

6. Samsung Rumored to Release AR/VR Headset Following Apple and Meta: After Apple and Meta, Samsung is reportedly gearing up to launch its own AR/VR headset, demonstrating the expanding interest and competition in this immersive technology. (Jagran English)

7. Controversy Erupts as AI-Generated Nude Artwork Sells for $340,000: The sale of an AI-generated nude artwork by artist for a significant sum sparks controversy and raises questions about the ethical implications of AI-generated content in the art world. (NFT Now)

8. Volkswagen to Test Driverless Vehicles in Austin: Volkswagen announces plans to conduct testing of its driverless vehicles in Austin, Texas, joining the race for autonomous vehicle technology. (The Hill)

9. Hugging Face Recognized as One of TIME's 100 Most Influential Companies: Hugging Face, an AI company specializing in natural language processing, is honored as one of TIME's 100 Most Influential Companies, highlighting its significant contributions in the AI space. (TIME)

Quick Bytes

• Inflection AI Develops Supercomputer Equipped With 22,000 NVIDIA H100 AI GPUs (WCCF Tech)

• I’ve Tried A Future Of Brain-Connected VR (CNET)

• Infosys (INFY) Launches Metaverse Museum Experience With ITHF (Zacks)

• AI ChatGPT-powered smart toys are coming for the holidays (USA Today)

• Adobe Looks To Monetize Generative AI (Investors Business Daily)

• Tezos Generative Art Platform fxhash Adds Ethereum in Multichain Push (Decrypt)

• Metaverse has set off no alarms or need for controls yet, says EU chief (CNBC)

• AI Text Detection Tools Are Vulnerable to Deception (MIT Technology Review)

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