Meta to cut metaverse budget and team – to no-one’s great surprise

The New York Times has initiated legal action against Perplexity, highlighting ongoing tensions in the AI industry as publishers seek compensation for their content used in training language models. This lawsuit underscores the complexities surrounding copyright and content usage in the digital age.

Meta's recent acquisition indicates a strategic shift towards hardware development that extends beyond traditional augmented reality glasses and headsets, suggesting a broader vision for future technology integration.

Meta has acquired the AI device startup Limitless, which aligns with its vision of making personal superintelligence accessible to everyone. This acquisition is part of Meta's ongoing strategy to enhance its artificial intelligence capabilities and expand its technological portfolio.

Meta has acquired Limitless, a startup known for its pendant-style AI wearable that records and transcribes real-world conversations, marking a significant move in the AI wearables market. Limitless has successfully raised over $33 million in funding, indicating strong investor confidence in its technology.

Meta has entered into agreements with several news publishers to utilize their content for artificial intelligence applications, marking a significant step in its strategy to enhance AI capabilities. This move is part of Meta's broader initiative to integrate AI more deeply into its platforms and services.

Meta is set to reduce its metaverse unit budget by 30%, a significant cut that reflects a strategic shift under CEO Mark Zuckerberg as the company reassesses its financial priorities. This decision comes amid ongoing scrutiny regarding the viability of its metaverse initiatives, particularly Horizon Worlds and virtual reality projects.

Meta has signed commercial agreements with several prominent news publishers, including CNN, Fox News, and USA Today, to utilize their content for artificial intelligence applications, aiming to deliver real-time news through Meta AI.

Meta has transformed its AI assistant into a real-time news hub, aggregating content from major media outlets such as CNN, Fox News, and USA Today. This initiative aims to provide users with timely news updates and enhance the overall functionality of Meta's AI capabilities.