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

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse — a digital realm where people would work, ...

Four years ago, Mark Zuckerberg’s Facebook unveiled an audacious rebrand and revealed a bold ambition: it was going to start ...

Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.

Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious ...

Apple has secured a major win in the tech talent war, poaching Meta's chief legal officer, Jennifer Newstead, who recently ...

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

Meta confirmed a reduction in resources for the metaverse, and said savings are expected to funnel toward other futuristic ...

Meta is preparing to slash up to £52 billion from its Metaverse budget as Mark Zuckerberg shifts Facebook's parent company ...

Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent — wiping more ...

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 ...

After years of pouring billions into virtual worlds that failed to take off, Meta is preparing to shrink its metaverse ...