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News & Insights

Lee Quoted in CNBC Article on Metaverse Shifting Use Cases and Risks for Businesses

Media

August 8, 2025
|
New Orleans

Andy Lee, a partner and co-leader of the privacy, data strategy, and artificial intelligence team in the New Orleans office, was quoted in the article "The metaverse as we knew it failed, but it's being resurrected for new worlds" published by CNBC on June 27, 2025. The article examines how the metaverse, which struggled to meet early expectations for mainstream use, is now finding success in more specialized use cases. Andy explains that while the metaverse may not be seeing the high consumer engagement Meta originally predicted, companies are successfully using the immersive 3D environment as an industry solution for training, upskilling, and scenario planning. However, he notes that there are inherent privacy and data security risks, and companies should be prepared to understand the full terms and conditions and range of potential liability issues before engaging an enterprise metaverse vendor.

Related Professionals
  • name
    Andrew R. Lee
    title
    Partner
    phones
    D: 504.582.8664
    email
    Emailalee@joneswalker.com

Related Practices

  • Privacy, Data Strategy, and Artificial Intelligence
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