Generative AI in Metaverse Market size is expected to be worth around USD 428.9 Mn by 2032 from USD 29.7 Mn in 2022, growing at a CAGR of 31.5% during the forecast period from 2023 to 2032.
Generative AI promises to massively amplify efficiency for metaverse developers. Tasks that once required significant time and effort like 3D modeling, motion capture, simulation, and complex coding can now be automated by AI generators. This frees up creators to focus on higher-order work like conceptualization, art direction, and storytelling. It also allows smaller, independent teams to achieve productions at the level of large studios. As generative AI continues progressing, development cycles for metaverse worlds, assets, and experiences will shrink dramatically. Costs will lower and update frequencies will rise – benefitting both builders and users.
Generative AI in Metaverse refers to the implementation of artificial intelligence (AI) technologies within an online virtual reality space known as a metaverse – where users interact with computer-generated environments and each other in real-time, including VR/AR experiences and other immersive digital experiences. Generative AI refers to applying artificial intelligence algorithms and techniques to generate content, experiences, and interactions within the metaverse.