Meta plans to cut its metaverse budget by roughly 30% to prioritize AI spending. Reality Labs has spent tens of billions over recent years. Meta shares recently fell more than 25% from peak levels.

(Bloomberg/Kurt Wagner) — Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the ...

A new report from the Metaverse Standards Forum (MSF) declares the technology initiative is alive and well, despite skyrocketing attention paid to artificial intelligence. "The term 'metaverse' has ...