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Headline : Meta reins in metaverse ambitions, cuts budget by 20%

Read more from the original article on here at coingeek.com.





Tags : #meta #reins #metaverse #ambitions #cuts #budget #2025


No. of Paragraph 29

Home » Business » Meta reins in metaverse ambitions, cuts budget by 20%

Meta (NASDAQ: META) plans to slash the budget for its metaverse division, Reality Labs, by 20% over the next two years, a new report has revealed.

Once seen as the company’s future, Reality Labs has lost favor with the leadership as the company’s metaverse ambition waned and its focus increasingly turned to other areas led by artificial intelligence (AI).

According to The Information, the Facebook owner is rescinding the blank check freedom that Reality Labs has enjoyed since its launch.

Read more from the original article on here at coingeek.com.


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