The metaverse is all but dead, and its demise is a cautionary tale for Big Tech’s AI ambitions. In December, Mark Zuckerberg instructed Meta’s business divisions to cut expenditures by 10%, Fast ...

While many are still around, some have pivoted to other areas. Others have shuttered as revenue remains sparse, funding efforts have fallen flat, or the real world proved more interesting to consumers ...

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According to Bloomberg, Meta is cutting 30% of its metaverse budget. Its Reality Labs division is on track to lose close to $20 billion. Layoffs in 2022 helped ignite a boom in the stock. Zuckerberg's ...

View post: Amazon’s Bestselling Snow Cleats With 'Solid Grip' Are On Sale for as Little as $15 Right Now Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus from ...

As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances ...

Bottom line: After burning tens of billions and stubbornly insisting the metaverse would eventually justify the cost, Mark Zuckerberg appears to be backing away from his most ambitious project. Once ...

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday. The shift follows reports that Meta ...

Meta Platforms Inc. is weighing significant cuts to the budget of its metaverse unit, Bloomberg and the New York Times reported today. The unit is responsible for the company’s Quest series of virtual ...

Meta Platforms META-0.41%decrease; red down pointing triangle is planning cuts to the metaverse, an arena Chief Executive Mark Zuckerberg once called the future of the company. The proposed changes ...

Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook founder is finalizing significant budget cuts to Meta’s years-long project to create virtual worlds that users can ...