‘Metaverse’ budget cut: Zuckerberg plans slash resources; company loses $70 billion
Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious virtual reality vision after incurring over $70 billion in losses. This move comes as the company doubles down on artificial intelligence, investing heavily in AI infrastructure and talent acquisition.
Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious virtual reality vision after incurring over $70 billion in losses. This move comes as the company doubles down on artificial intelligence, investing heavily in AI infrastructure and talent acquisition.
