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 concerned the ...
(NEXSTAR) – Iceland’s folklore often speaks of elves, but the country produces some world-class trolls, too. A new tourism campaign from Visit Iceland is satirizing Mark Zuckerberg’s metaverse ...
Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...
Even with all the excitement around AI and VR in 2022, it wasn’t all smooth sailing. There were some pretty big roadblocks ...
Meta Platforms Inc. is weighing significant cuts to the budget of its metaverse unit, Bloomberg and the New York Times reported today. The unit is responsible for the company’s Quest series of virtual ...
As the company was disclosing its $17.1B in quarterly R&D spending, Meta also revealed Q4 revenue of $59.9B and net income of ...
As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances ...
A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...
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University of Washington professor Pedro Domingos criticized Meta CEO Mark Zuckerberg's timing for key technologies. Domingos stated that the metaverse concept arrived "too early" for Meta, while the ...
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