Meta Realigns Its Resources: Metaverse Budgets Cut in Favor of AR Glasses

Meta Platforms is making a strategic shift in its technological focus, prioritizing artificial intelligence and next-generation virtual reality glasses over the metaverse. Sources indicate that Meta’s Reality Labs division may experience budget cuts, potentially leading to layoffs, as investment shifts away from virtual worlds towards augmented reality (AR) technology. This move reflects Meta’s adaptation to a changing tech landscape where AI is gaining prominence.