Meta Abandons Metaverse for AI

In this episode, we discuss Meta's strategic shift from its multi-billion dollar Metaverse bet to a renewed focus on AI, impacting the broader AI news landscape. We explore the implications of this decision for AI development and adoption. 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 Links • Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.ai: https://aibox.ai • AI Chat YouTube Channel: https://www.youtube.com/@JaedenSchafer: https://www.youtube.com/@JaedenSchafer • Join my AI Hustle Community: https://www.skool.com/aihustle: https://www.skool.com/aihustle