Will India Care About The Metaverse As Much As It Has For AI?

So, in 2021, Mark Zuckerberg changed Facebook's name to Meta. Later on, Elon Musk would change Twitter's name, too, but, at the time, it raised some eyebrows. After all, it seemed emblematic of the idea that Mark was going all in with his poker chips on the Metaverse with a belief that it would be the successor to the Internet and shape all digital experiences with use cases ranging from hanging out with friends to entertainment, gaming, fitness and education. The power of belief. Meta announced a product called the "Meta Quest Pro" in 2022 for the cheap price of $1500 (about ₹125,000). Some guffawed. In a country, like India, would such a burgeoning technology even have some user stickiness? People may have thought, "It's too futuristic. It won't be for the masses. It'll be on the periphery of technology. The world's not ready for futuristic technology". Then, OpenAI went public with a ChatGPT model. Suddenly, there were crazy rates of adoption across the world, even in India. According to BCG, as of 2024, India was the largest user of ChatGPT with about 45% of respondents revealing they used the chatbot. It may have even sparked an influx of AI startups with subsequent funding following, almost like the 2021 funding frenzy. So, on one hand, it could seem like the AI hype may have overshadowed the Metaverse hype. On the other hand, could the success of AI in India mean that the country might be ready to use Metaverse? Is it not that futuristic anymore? Has the AI success validated that India is mature enough to explore the use cases of the Metaverse? India has long been deemed to be the world's back-office, especially for IT. Will it continue to be seen that way, especially with Metaverse development?

So, in 2021, Mark Zuckerberg changed Facebook's name to Meta. Later on, Elon Musk would change Twitter's name, too, but, at the time, it raised some eyebrows. After all, it seemed emblematic of the idea that Mark was going all in with his poker chips on the Metaverse with a belief that it would be the successor to the Internet and shape all digital experiences with use cases ranging from hanging out with friends to entertainment, gaming, fitness and education. The power of belief.

Meta announced a product called the "Meta Quest Pro" in 2022 for the cheap price of $1500 (about ₹125,000). Some guffawed. In a country, like India, would such a burgeoning technology even have some user stickiness? People may have thought, "It's too futuristic. It won't be for the masses. It'll be on the periphery of technology. The world's not ready for futuristic technology".

Then, OpenAI went public with a ChatGPT model. Suddenly, there were crazy rates of adoption across the world, even in India. According to BCG, as of 2024, India was the largest user of ChatGPT with about 45% of respondents revealing they used the chatbot. It may have even sparked an influx of AI startups with subsequent funding following, almost like the 2021 funding frenzy.

So, on one hand, it could seem like the AI hype may have overshadowed the Metaverse hype. On the other hand, could the success of AI in India mean that the country might be ready to use Metaverse? Is it not that futuristic anymore? Has the AI success validated that India is mature enough to explore the use cases of the Metaverse? India has long been deemed to be the world's back-office, especially for IT. Will it continue to be seen that way, especially with Metaverse development?

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