Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors ...

Quick Read Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources toward AI initiatives. The stock popped on the news as Wall Street has grown ...

(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 ...

The 30% cut in Meta’s budget for this technology can be seen either as a death sentence for the project or as a natural phase within a long-term strategy ...

As Meta pulls back investment, here's what happened to some of the startups that went all-in on the metaverse.

Meta (META) is a strong buy as AI and AR advances boost ad revenue, growth, and margins. Read here for a detailed investment ...

Meta Superintelligence Labs, the newly formed AI unit led by Alexandr Wang, is also under pressure to perform, as Meta’s ...

The budget cuts aren’t yet finalized, but they could impact the team that works on Meta’s Quest headsets and Horizon Worlds, Bloomberg reports. The budget cuts aren’t yet finalized, but they could ...

The $77 billion 'failure' of Meta's metaverse division has made the social-media company the dominant force in AR and VR ...

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Meta is pumping the brakes on third-party Horizon OS headsets from ASUS and Lenovo as it shifts its attention and resources ...