Apple Taps Meta Lawyer as General Counsel in Latest Shake-Up

Meta Platforms Inc. is set to cut its metaverse unit budget by up to 30%, a significant reduction that reflects a strategic shift under CEO Mark Zuckerberg. This decision marks a departure from Zuckerberg's earlier vision of the metaverse as a key future direction for the company, which was a major factor in its rebranding from Facebook Inc.

Russia has banned Snapchat and FaceTime, further restricting access to Western communication services, as reported by Interfax. This decision marks a significant escalation in the Kremlin's efforts to control digital communication platforms amid ongoing tensions with Western technology companies.

Meta Platforms Inc. is set to significantly reduce its investment in the metaverse, a project that CEO Mark Zuckerberg previously touted as the company's future direction, leading to the rebranding from Facebook Inc. This decision reflects a shift in priorities amid ongoing financial pressures.

Yann LeCun, a prominent artificial intelligence pioneer, announced that Meta Platforms Inc. will not invest in his new AI startup focused on world models, which he hinted could be based in Paris. This decision comes as he prepares to leave Meta at the end of the year after a significant tenure.

Meta Platforms Inc. faces the risk of a temporary ban from the European Union regarding its new AI policies for WhatsApp, following an investigation into the company's market practices. This scrutiny is part of a broader examination of Big Tech's influence in Europe, raising concerns about compliance with regulatory standards.

Meta Platforms Inc. has successfully recruited Alan Dye, Apple Inc.'s leading design executive, marking a significant shift in leadership dynamics within both companies. This move is part of Meta's broader strategy to enhance its capabilities in AI-equipped consumer devices.