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The global Metaverse market size was valued at USD 63.83 billion in 2021 covering various industrial domains including Retail, Real Estate, Fintech and Entertainment. Several organizations expect tremendous business growth opportunities led by the Metaverse that will expand its market to USD 1.5 trillion in 2029.

However, Metaverse’s content scale has not yet met user demand, and the cost of building Metaverse spaces remains high and affordable only for a few companies. The integration of Generative AI in the Metaverse addresses this challenge and opens up a new dimension of innovation and creativity. Generative AI can create hyper-realistic avatars that closely resemble users, enhancing the sense of presence and identity in the virtual world. In this session, Dr. Mohamed Farag discusses the anticipated value and potential business opportunities brought by adopting the Metaverse to the company’s business model and the improvements that Generative AI brings to innovate this area.
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