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Meta is launching AI business agents across WhatsApp, Instagram, and Messenger, signaling a strategic shift toward enterprise services. While initially free, the company plans to monetize these tools…
Meta is laying off 8,000 employees globally while reassigning 7,000 to AI teams, generating ~$3B in savings. The move supports Zuckerberg's AI-first strategy but leaves investors questioning whether …
Meta laid off 10% of Reality Labs staff, shifting focus from metaverse to AI and wearables. The company announced Meta Compute AI initiative and appointed Dina Powell McCormick as President, reflecti…
Meta plans up to 30% budget cuts for its metaverse division while reallocating resources to AI and smart wearables, reflecting a strategic pivot toward AI-driven growth amid slow metaverse adoption.
Meta's shares rose 3.4% after announcing a 30% cut in metaverse spending, shifting focus to AI-driven wearables with better market potential and profitability prospects.
Meta shares rose 3.5% after plans to cut its costly metaverse division’s budget by 30% and pivot toward AI growth, while Alphabet’s AI upgrade fueled tech sector optimism. Meta focuses on profitabili…
Meta plans significant metaverse budget cuts to prioritize AI development and hardware, prompting a strong market rally on hopes for more profitable growth areas.
Meta plans up to 30% budget cuts in its Reality Labs unit amid metaverse enthusiasm decline, shifting focus toward AI and hardware like Ray-Ban smart glasses, with potential staff reductions early ne…