Meta has closed three VR studios as part of its metaverse cuts

Meta has announced the closure of several virtual reality studios, including three key developers for its Quest 3 platform, as part of significant budget cuts to its metaverse division. This decision reflects a strategic shift in the company's focus amid ongoing financial reassessments.

Meta is laying off over 1,000 employees from its Reality Labs division, which focuses on virtual and augmented reality, as part of a broader strategy to cut costs and refocus its efforts. This decision follows the closure of three VR studios, indicating a significant shift in the company's approach to its metaverse ambitions.

Meta has laid off 1,500 employees from its metaverse division, representing a 10% reduction in staff, as the company shifts its focus towards artificial intelligence glasses and other wearable technologies. This decision follows a broader strategic reassessment of its financial priorities, including a 30% budget cut for the metaverse unit.

Airbnb has appointed Ahmad Al-Dahle, a former AI leader at Meta, as its new Chief Technology Officer, a move that underscores the company's commitment to enhancing its technological capabilities. This appointment was announced by CEO Brian Chesky, who emphasized the importance of integrating artificial intelligence into Airbnb's operations.

Airbnb has appointed Ahmad Al-Dahle, a former executive at Meta, as its new Chief Technology Officer, a move announced by CEO Brian Chesky. This decision marks a significant step in Airbnb's strategy to enhance its technological capabilities, particularly in artificial intelligence (AI).

Two years ago, companies like Meta and OpenAI publicly opposed the military use of their technologies, but recent developments indicate a shift as these firms have become entangled in U.S. military efforts, raising ethical concerns about the implications of their AI tools.

Meta has announced a strategic refocus on artificial intelligence hardware as it begins significant layoffs within its metaverse division, including the closure of three virtual reality studios. This shift is part of a broader 30% budget cut for the metaverse unit, indicating a major pivot in the company's operational priorities.

Meta is set to announce layoffs affecting 10% to 15% of its employees in the Reality Labs division, which focuses on metaverse development. This decision comes as the company reallocates resources towards artificial intelligence, reflecting a significant shift in its operational strategy.