Meta shifts some metaverse investments to AI smart glasses

AI labs including Meta, Deepseek, and Xai received poor ratings on an existential safety index, with Anthropic, OpenAI, and Google DeepMind achieving grades of C+ or C. This assessment highlights significant concerns regarding the safety protocols and ethical considerations of these companies in the rapidly evolving AI landscape.

This week, rate-sensitive stocks, particularly in the airline and trucking sectors, experienced significant gains as investors anticipate potential interest rate cuts by the Federal Reserve. This optimism has driven stock prices closer to record highs, reflecting a positive sentiment in the markets.

Stocks have risen as investors anticipate potential interest rate cuts by the Federal Reserve, marking a positive shift in market sentiment. The U.S. dollar, however, is on track for a second consecutive weekly loss, reflecting growing concerns about the Fed's monetary policy direction.

US stocks recorded modest gains as investors reacted positively to an uptick in consumer sentiment, indicating a potential recovery in spending behavior. This development comes as market participants prepare for an anticipated interest-rate decision from the Federal Reserve next week.

Apple has appointed Meta's Newstead as its new general counsel, a move that comes amid significant executive changes within the company. This transition reflects Apple's ongoing efforts to strengthen its leadership team in response to evolving market dynamics.

The latest Market Talks provide insights into the performance of major tech companies, including Snowflake, Salesforce, Meta, and C3.ai, highlighting their recent earnings and market reactions. Salesforce reported a strong Q3 2026 performance, exceeding forecasts, while Snowflake faced challenges with its revenue outlook, leading to a decline in share price despite some positive earnings reports.

Meta is reportedly planning to reduce its metaverse spending by up to 30% as CEO Mark Zuckerberg shifts the company's focus towards artificial intelligence initiatives. This decision reflects a significant strategic pivot in response to evolving market conditions and internal assessments of project viability.

Meta has announced a significant reduction in resources allocated to its metaverse initiatives, with CEO Mark Zuckerberg indicating that the savings will be redirected towards other futuristic projects within Reality Labs. This decision marks a strategic shift in the company's focus amid evolving market conditions.