mark zuckerberg meta news

Meta to cut metaverse budget

Digest more

· 5h

Meta CEO Mark Zuckerberg went all in on the metaverse. Now Reality Labs is facing big cuts.

Meta plans to cut its budget by up to 30% in its Reality Labs metaverse division.

· 18h · on MSN

Meta shares climb on report Mark Zuckerberg plans to ax up to 30% of metaverse budget

· 11h · on MSN

Mark Zuckerberg's Meta weighs 30% budget cut to its flagship unit

· 16h

Investors rejoice as Zuckerberg prepares to abandon Metaverse dream

Tech giant’s shares surge as Facebook owner plans steep budget cuts to virtual reality unit

· 16h

Mark Zuckerberg plans big cuts to Meta’s Metaverse projects to focus on AI and generative tech

· 19h

Mark Zuckerberg plans deep cuts to metaverse division as Meta shifts focus to AI

Stocktwits on MSN

Zuckerberg’s metaverse was supposed to change everything — instead, Meta seems to be pulling the plug after burning billions

Meta’s metaverse rollout struggled from the start, hampered by poor adoption. ・Reality Labs has become a significant financial drag, posting massive operating losses that now look increasingly unsustainable as AI capex demands rise.

The Financial Express

Who is Alexandr Wang? 28-year-old hired for 14 billion US dollar by Mark Zukerberg to lead Meta superintelligence labs

Meta CEO Mark Zuckerberg has made a bold move as he appointed 28-year-old Alexandr Wang who founder of Scale AI to lead Meta’s entire AI operation.

1don MSN

OpenAI's chief researcher says Mark Zuckerberg 'hand-delivered soup' to an employee in a recruiting effort

OpenAI's research chief, Mark Chen, told author Ashlee Vance that the company is "always under attack" by rivals trying to poach its talent.

Apple's longtime design executive Alan Dye to join Meta

Meta Platforms has hired Alan Dye, Apple's longtime head of human interface design, a spokesperson for Apple confirmed on Wednesday, as the Facebook owner accelerates efforts to build AI-powered consumer devices.