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Microsoft and Meta join to bring Office 365 to the metaverse

By Alara Jordan

09:19, 14 October 2022

Microsoft virtual reality
Microsoft will integrate Windows 365, Teams, and Xbox Cloud Gaming as part of a broader push into the metaverse – Photo: Microsoft

Meta and Microsoft are joining forces as the two giants look to collaborate in transforming how people work, communicate and play in the metaverse. 

Meta’s CEO, Mark Zuckerberg, announced the partnership at the Facebook owner’s annual Connect conference, where a year ago he changed the company’s name from Facebook to Meta in a bid to underline its commitment to the metaverse. 

Microsoft will integrate a suite of its popular products, including Windows 365 and Teams, to Meta's advanced virtual reality (VR) headset Quest Pro, as part of a broader push into the metaverse. It will also sell the new Quest Pro to businesses and enterprises. Microsoft also confirmed that it was exploring ways to integrate its Xbox Cloud Gaming platform to allow gamers to stream high-quality Xbox games.

Meta said in a blog post, “We want Meta Quest Pro to be an enterprise-ready device that’s easy to use, deploy, and manage at scale. Our partnership with Microsoft will bring powerful new work and productivity tools.”

The collaboration will see the two tech firms rely heavily on each other to deliver new and immersive experiences for the future of work. Microsoft also announced the partnership via a company blog post, stating that the move was a reflection of how the world of work has changed and where the future of work is heading. 

NVDA

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AMD

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“People crave deeper, richer ways of collaborating and co-creating from wherever they are,” Microsoft said. 

“We believe that in the not-so-distant future, the metaverse will play a key role in providing new ways of connecting. Today we are announcing several ways we are partnering with Meta to provide customers with more choice and security as they venture into the metaverse.”

Meta avatars in meetingPhoto: Meta

Zoom integration expected early 2023

Meta said that a Zoom integration is expected in “early in 2023” in a bid to give consumers and businesses “more options” on how they choose to communicate and show up in the metaverse. 

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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