Meta’s long-running push into virtual worlds is losing momentum as the company prepares to reduce its metaverse budget by up to 30 percent. The decision follows years of investment in VR headsets, avatar-based social spaces, […]
As Mark Zuckerberg cuts back on spending on the metaverse—the virtual reality platform that he bet big on in 2021—Meta and companies hoping to profit from working with the tech behemoth are undergoing a reset. […]
A strategic repositioning of the metaverse causes it to exist in AI’s shadow. getty Meta’s Metaverse Pivot Signals Broader Industry Transformation When Facebook CEO Mark Zuckerberg announced he would rename the company Meta to reflect […]
Mark Zuckerberg has reportedly delivered the clearest internal admission yet that Meta’s metaverse dream is not what he promised. After years of insisting virtual worlds would define the future of human interaction, the Chief Executive […]
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