Asian Stocks Rise as AI Optimism Returns, Australia Hits Record High Ahead of RBI Decision 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
Boeing Stock Jumps as FAA Certifies 737 MAX-7 After Years of Regulatory Review 
BYD July Global Vehicle Sales Rise 22% as Overseas Demand Surges 
Capital One Says AML Review Led to Closure of Trump Organization Accounts 
Gold Price Holds Above $4,050 as Fed Rate Outlook, Middle East Tensions Keep Markets on Edge 
Nike China Strategy to Lift Margins Despite $1 Billion Sales Hit, Bernstein Says 
Asian Currencies Mixed as Yen Retreats, Traders Eye U.S.-Iran Talks and Fed Data 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
Citi Says Sharp TOPIX Drop Could Push USD/JPY Lower as Yen Gains Momentum 
Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring 
Novo Nordisk Eyes Turnaround as Oral Wegovy Challenges Eli Lilly in Weight-Loss Drug Race 
UK Economy Faces 2027 Recession Risk if Strait of Hormuz Stays Closed, EY Warns 
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum 
Asian Stocks Slide as AI Selloff Hits South Korea, Oil Prices Drop on Iran Talks 
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal 
Facebook will be recruiting new workers in the European Union as it is planning to open 10,000 job posts in the said territory. The massive hiring would be carried out in the span of five years starting next year.
It was said that the latest job recruitment in the EU is part of Facebook’s push to build a “metaverse,” a virtual world where actual people and things are represented in a digital way. The social media giant picked the EU to be the center when it built the metaverse due to its long-standing European presence.
According to CNBC, Mark Zuckerberg’s company revealed its plans to hire 10,000 workers on Sunday, Oct. 17. In particular, it mentioned the hiring of high-skilled engineers in countries across the EU bloc. Facebook may focus on recruiting new people in the Netherlands, Germany, Italy, Poland, Spain, Ireland, and France.
In July, Facebook’s chief executive officer, Zuckerberg, already outlined his insight for a metaverse. This was described as a digital world where people can interact within a 3D space.
The company also revealed it had taken the first step towards realizing its metaverse vision that will allow people from across the world to hold meetings and do other activities together in virtual reality.
“As we begin the journey of bringing the metaverse to life, the need for highly specialized engineers is one of Facebook’s most pressing priorities,” Facebook’s vice president for global affairs, Nick Clegg, and vice president of central products, Javier Olivan, jointly said in a blog post.
They went on to say, “We look forward to working with governments across the EU to find the right people and the right markets to take this forward, as part of an upcoming recruitment drive across the region. And as Facebook continues to grow in Europe, we hope to invest more in its talent and continue to innovate in Europe, for Europe and the world.”
At any rate, it is not just Facebook that is building a metaverse but other major firms including Roblox, Epic Games, and Microsoft, are already working on this technology that was predicted to become a “thing” in the future. It was reported that these companies are investing heavily to create their own versions of the metaverse.
