As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from a lack of proper business models. The ...
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Meta winds down metaverse business with VR studio closures, job cuts
More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...
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Mark Zuckerberg plans big cuts to Meta's metaverse projects to focus on AI and generative tech
Meta Platforms Inc. CEO Mark Zuckerberg is expected to cut back on spending for the metaverse, the virtual world project he once called the future of the company and the reason for renaming Facebook ...
Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.
Given the recent prevalence of metaverse chatter, you’d think the new online space has a long, healthy road ahead. According to one analyst, this might not be the case. Matthew Ball, chief analyst at ...
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Zuck ghosts metaverse as Meta chases AI goldrush
Seriously, HTF does Reality Labs bleed SIXTY BILLION US DOLLARS in FIVE years? Meta's Reality Labs division continued its losing streak with another $4.2 billion down the drain in the first quarter of ...
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...
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