The metaverse was supposed to be transformative. In March 2022, Meta CEO Mark Zuckerberg called it “the next chapter of the internet overall.” Three years ago, Satya Nadella, CEO at Microsoft, wrote ...
At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...
Forbes contributors publish independent expert analyses and insights. Cortney is an expert in smartglasses, VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that ...
In a memo to employees earlier this week, Meta CEO Mark Zuckerberg shared a vision for a near-future in which “personal [AI] superintelligence for everyone” forms “the beginning of a new era for ...
Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus from metaverse to AI, cutting up to 30% in Reality Labs. Investors welcomed the shift; experts cite high ...
Meta reorganizes its metaverse unit, shifting Vishal Shah to its AI division, per an internal memo. Gabriel Aul and Ryan Cairns now lead Meta's metaverse efforts, focusing on VR and mobile. Meta CTO ...
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 ...
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 ...
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