Microsoft and the Metaverse

Microsoft announced this week that it was acquiring Activision Blizzard, the maker of video games such as Call of Duty and Candy Crush, in a deal valued at nearly $70 billion.Microsoft, the owner of Xbox, said the acquisition was a step toward gaining a foothold in the metaverse.But what exactly is the metaverse? And why are some of the biggest companies in the world spending billions of dollars to get involved?Guest: Kevin Roose, a technology columnist for The New York Times.Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter. Background reading: Does the metaverse even exist? Here’s what you need to know.Video games are not merely entertainment anymore. They have become weapons that today’s technology titans wield to try to shape our future.The deal for Activision Blizzard would be Microsoft’s biggest ever, and one that places a major bet that people will be spending more and more time in the digital world.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.  Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.