Meta Shifts Focus from Metaverse to AI

Meta, once focused on the metaverse, is now prioritizing AI. After struggling to gain traction with virtual reality and augmented reality, Meta is scaling back its metaverse plans, shifting resources to AI. The company is reducing spending on its Reality Labs division and emphasizing its core apps like Facebook, Instagram, and WhatsApp. Meta is not abandoning hardware efforts but is no longer pushing the grand vision of a virtual world replacing real-world interactions. AI, with clearer revenue models and immediate applications, has become Metas new priority.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.