Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses.

Meta plans deep cuts to its metaverse and Reality Labs division in 2026 — how did it go from the next big thing to nothing?

Mark Zuckerberg is proposing steep cuts to Meta’s metaverse effort as the company is shifting focus and capital toward AI and AI-linked hardware. This move signals a major strategic shift for Reality ...

Meta's plan to cut back on metaverse spending is a sign that projects not helping tech companies' AI goals are falling out of ...

Shares of Meta Platforms surged Thursday following a report that the company is looking to significantly cut spending on its "metaverse" projects next year.

It's been four years since Facebook renamed itself Meta in celebration of, or misguided enthusiasm for, the onrushing metaverse revolution. Except that the revolution failed to materialize. Turns out ...

Meta is reportedly restructuring its Reality Labs and Metaverse organizations as it doubles down on the integration of artificial intelligence across its products, according to a Business Insider ...

Mark Zuckerberg's metaverse chief is urging employees to adopt AI across every workflow as part of a broader shift inside the company. A Meta executive in charge of building the company’s metaverse ...

Love this. Especially now that we must understand that only a rapid deployment of organisation wallets by public sectors and enterprises (EUBW) will lead to wallet usage by citizens. And this will ...

Meta Platforms' post-earnings selloff reflects investor concern that its accelerating AI capex cycle could mirror the metaverse bust of 2021-2022. This was exacerbated by the lack of a corresponding ...