Before generative AI shook everything up, the metaverse was the next big thing. Now, it's "AI and the metaverse." For those with short attention spans, a social media company named Facebook changed ...

There are various schools of thought on the metaverse. Maximalists argue that it can be everything—that we can effectively work, play, exercise, shop and network in VR, coming up for air once in a ...

While the hype surrounding the metaverse may be away from its peak back in 2021, an executive believes it lives on, with governments in the Middle East capitalizing on the technology to boost their ...

This year was a sizzling one for crypto and blockchain projects, with the growth of the DeFi world and lots of innovations in the NFT and play-to-earn games fields. A... This year was a sizzling one ...

(Bloomberg/Kurt Wagner) — Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the ...

Rumors are swirling that Facebook parent company Meta may cut as much as 30% from its virtual reality efforts in order to feed resources into AI projects, according to Bloomberg. Facebook CEO Mark ...

Meta is reportedly planning massive budget cuts, potentially up to 30%, for its loss-making Metaverse division, Reality Labs. Following over $70 billion in losses, the company is shifting resources ...

The planned reductions will disproportionately impact teams working on VR headsets and the company's VR-based social network ...