Former Google CEO Eric Schmidt weighs in on the metaverse: 'I wonder what happens when the metaverse is so powerful that you choose to live in the metaverse and not in the real world.'
are working on technology that can help build the metaverse as well. But the vision could take a decade or more to come to fruition.
Schmidt said he will continue to call the company Facebook, just as others call Alphabet "Google," which he said is "how it really works." The promise of the metaverse, he added, is powerful but could pose problems when people forgo real life for the virtual world. The rise of the metaverse does pose questions for regulators already fighting to regulate social media, the internet and misinformation. Facebook is facing increased scrutiny from Congress and the media after former Facebookthat ignited a series of Wall Street Journal stories that revealed the company is aware of many problems but chooses to ignore or not resolve them.
"We're going to have to figure it out," he said about regulating the metaverse. "I don't think we know. I don't think regulators today have the right formulation or even how to discuss this."
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