Stocks eked out gains Friday and closed the week higher.
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#metaverse / Page 3
Netflix buying Warner Brothers. Dollar General (DG), Salesforce (CRM) earnings. Meta chooses AI over metaverse.
Zuckerberg once framed Metaverse as the "successor to the mobile internet."
Meta has officially confirmed "shifting some of our investment from Metaverse toward AI glasses and Wearables", following reports of an up to 30% budget cut for Reality Labs.
Reality Labs encompasses several areas of Meta's VR/AR business, but Bloomberg writes that two of them will be hit hardest: Horizon Worlds and virtual reality. Zuckerberg is planning to slash Reality Labs' budget by 30%, with the cuts coming as early ...
Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.
Plus: The metaverse's future looks murkier than ever.
The money it is saving is to be shifted over to its AI wearables business ...
Meta is scaling back its metaverse spending and redirecting resources toward AI-powered glasses and wearable devices. The post Meta Cuts Metaverse Spend as It Bets on AI Glasses and Wearables appeared first on Cryptonews.
The company has struggled to convince investors of the viability of the metaverse, a nascent technology.