According to Bloomberg, Meta is reportedly considering reducing the budget and headcount for its Metaverse division. So, what should you know about it?
Up to 30% reduction for the affected departments
For your information, if implemented, it could reduce the total budget for the division by up to 30%, impacting both Quest devices and Meta Horizon Worlds. Meta has previously invested heavily in the development of the Metaverse, even rebranding their company as Meta.
Besides that, this aspect of the Metaverse has not received much attention, but the artificial intelligence arena has become a major focus in recent years. In addition to artificial intelligence, Mark Zuckerberg, who leads Meta, has also focused on developing smart glasses with augmented reality technology.
Despite the budget and staff reductions, Mark Zuckerberg is said to still believe this arena will be one of the most widely used products in the future. Perhaps for the time being, Meta will focus more on spending on the artificial intelligence arena.
Stay tuned to TechNave.com for more updates.
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