Meta is shifting some of its investments in the metaverse to ai glasses and wearables, hoping to capitalise on the momentum in that segment, a company spokesperson has said. Meta is preparing cuts of up to 30% to its metaverse budget, with layoffs at reality labs and a full pivot toward ai superintelligence, smart glasses and data deals. Meta has officially confirmed shifting some of our investment from metaverse toward ai glasses and wearables, following reports of an up to 30% budget cut for parts of reality labs.
Meta reduces metaverse spend as black forest labs secures major funding and ad giants cut thousands of jobs in a broader shift toward ai driven tools. “we aren't planning any broader changes than that.” “within our overall reality labs portfolio we are shifting some of our investment from metaverse towards ai glasses and wearables, given the momentum there.
