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

Zuckerberg once framed Metaverse as the “successor to the mobile internet." ...

Meta has reached deals to pay Fox News, CNN and several other news publishers in exchange for using their articles in its AI ...

Meta's metaverse was doomed from the very start. Is Mark Zuckerberg now putting virtual worlds out of their misery?

Reality Labs encompasses several areas of Meta's VR/AR business, but Bloomberg writes that two of them will be hit hardest: Horizon Worlds and virtual reality. Zuckerberg ...

Famous artists named Beeple showcase controversial art that turned billionaires into hyperrealistic robot dogs.

Zuckerberg pivots as investors bored of the pricey dream Meta is quietly taking a chainsaw to the metaverse, the grand vision ...

Citing people familiar with the discussions, Bloomberg reported on Dec. 4 that the budget cut can be up to 30%. Executives at the tech giant are reviewing plans that could reduce Reality Labs’ 2026 ...

Meta ( META) is reportedly set to make major cuts to its metaverse efforts, as the company continues to push deeper into the ...

Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported today, citing people ...

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 company and the reason for ...

It’s not hard to see why Wall Street is so thrilled. After four years and billions of dollars wasted, the metaverse — a ...