Poor Profit! Baidu’s Metaverse Business Head Resigned

Attributable to poor income marginalization, the Chinese language multinational expertise agency, Baidu, has reportedly switched to AIGC-related companies because the individual answerable for Xi Rang’s metaverse enterprise, Ma Jie left the corporate. Ma Jie, who doubles because the Vice President of Baidu and head of Baidu’s Xi Rang enterprise is alleged to have not too long ago resigned with out disclosing any causes.

As per the report, the Xi Rang workforce has not been disbanded, however the future is unsure in the mean time, and a number of other members have moved on. Insiders with related data acknowledged that it’s tough to see enterprise mannequin for the metaverse enterprise within the brief time period, the profitability is poor, and Baidu’s shift to AIGC-related companies and unwillingness to take a position extra assets within the metaverse enterprise given the latest growth.

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