Meta is preparing deep cuts to its metaverse budget, as the company reprioritizes towards artificial intelligence.
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Meta is the latest big tech company to reportedly betting on humanoid robots as the future, as the company gears up for a huge investment in the field
Meta's latest layoffs impact employees from WhatsApp, Instagram, and Reality Labs, while the company is trying to reorganize itself and become a leaner org.
Meta Reality Labs continued to incur significant losses, totaling approximately $4.48 billion in the last quarter alone, highlighting Meta's ongoing investment in AR/VR technologies.
