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Alphabet is expanding its AI infrastructure business by leasing Google TPUs to Anthropic for a new data center project. This strategic pivot aims to monetize custom silicon, reduce reliance on extern…
Meta lays off 10% of Reality Labs staff and shifts focus from the struggling metaverse to AI and wearable tech, accelerating AI investments and benefiting smart glasses sales despite metaverse user e…
Meta's shares have rebounded after reports CEO Zuckerberg may cut metaverse spending by 30%, shifting focus from VR headsets to AI glasses, improving profit prospects and easing investor concerns on …
Meta plans to cut Reality Labs spending by up to 30%, improving earnings and signaling a major strategic shift away from the costly metaverse effort, potentially unlocking stock upside amid mounting …
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 is cutting its metaverse Reality Labs budget by up to 30%, shifting focus to AI and AI-linked hardware after $70 billion investment with limited success, signaling a strategic pivot toward near-…