Meta reportedly plans to slash Metaverse budget by up to 30%
NegativeArtificial Intelligence
- Meta is reportedly planning to reduce its budget for the Metaverse by up to 30%, reflecting a significant shift in strategy as interest in its virtual reality platform, Horizon Worlds, wanes. This decision comes amid ongoing scrutiny regarding the company's ability to monetize its metaverse initiatives.
- The budget cut signals a reassessment of financial priorities under CEO Mark Zuckerberg, who faces increasing pressure to demonstrate profitability in a sector that has not met initial expectations. This move may impact future developments and innovations within the Metaverse.
- This development highlights broader challenges within the tech industry regarding the viability of ambitious virtual reality projects. As Meta shifts focus towards augmented reality wearables, it underscores a growing trend of companies reevaluating their investments in immersive technologies amid fluctuating consumer interest and market conditions.
— via World Pulse Now AI Editorial System



