After $70bn loss, Zuckerberg signals his biggest bet is 'not working'

https://ift.tt/ZiEHjSl Meta is reportedly planning significant budget cuts for its Metaverse division, potentially slashing its Reality Labs budget by up to 30%. This move comes after the company has incurred over $70 billion in losses from its metaverse ambitions. The decision reflects a broader lack of consumer interest and a strategic pivot towards artificial intelligence.

https://ift.tt/xrGKdPB from Times of India https://ift.tt/ZiEHjSl