Meta centralizes Facebook and Instagram support, tests AI support assistant

Amazon Web Services (AWS) is currently hosting its major tech conference, re:Invent 2025, where it is unveiling significant advancements in AI services and computing technologies, including new AI models and partnerships with key players in the industry.

Federal regulators have initiated an investigation into Waymo's autonomous vehicles after reports of its robotaxis repeatedly passing school buses in Austin, Texas. This inquiry follows a similar investigation launched in October regarding Waymo's performance in school zones. In response, Waymo has implemented a software update aimed at enhancing the safety and performance of its fleet.

Micro1, a competitor to Scale AI, has announced that it has surpassed $100 million in annual recurring revenue (ARR), a significant increase from approximately $7 million at the start of the year and double its reported figure from September.

Meta is planning to cut its metaverse unit budget by 30%, shifting its focus towards augmented reality wearables, particularly its successful augmented reality glasses. This decision reflects a strategic reassessment of the company's financial priorities under CEO Mark Zuckerberg.

Meta has announced plans to significantly cut resources allocated to its metaverse project, a shift from CEO Mark Zuckerberg's earlier vision of the metaverse as the company's future direction. This decision reflects a reevaluation of priorities amid financial pressures and scrutiny regarding the project's viability.

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 and challenges in demonstrating profitability in its ambitious metaverse project.

Meta has announced a strategic shift in its investment focus, reallocating resources from its metaverse unit to augmented reality glasses and wearables, while affirming that no broader changes are planned. This decision includes a 30% budget cut for the metaverse unit, reflecting a reassessment of financial priorities.

Minda Smiley, a senior analyst at EMARKETER, expressed that she is not surprised by Meta's decision to cut resources for its metaverse unit, highlighting the company's ongoing challenges in monetizing this venture. This discussion took place during an interview on Bloomberg Tech with Caroline Hyde and Ed Ludlow.