Meta's Metaverse Pullback

In this episode, we offer insights into Meta's strategic withdrawal from the Metaverse and its reinvigorated focus on AI, providing essential AI news. We examine the eyewitness accounts and the broader implications for the tech sector.


Chapters
00:00 Meta's Metaverse Investment
02:05 VR's Limited Appeal
06:21 Meta's Financial Losses
11:24 AI: Meta's New Frontier

In this episode, we break down Meta's decision to discontinue its ambitious Metaverse project after a colossal $73 billion investment, leading to significant layoffs and the shutdown of several VR game studios. We also explore why the Metaverse failed to gain traction and how Meta is now pivoting its resources and focus towards AI, particularly with the unexpected success of its AI-powered Ray-Ban smart glasses.


Chapters
00:00 Meta Ditches Metaverse
02:05 Metaverse Rebrand
05:32 Metaverse Layoffs and Closures
08:10 Meta's Metaverse Failed
13:46 Metaverse Revenue Model Issues
16:49 Meta Shifts to AI See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.