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Meta is reportedly planning steep cuts to its metaverse division, according to Bloomberg. This is happening just a few years after the company changed its name from Facebook to reflect its renewed ...

Shares of Meta Platforms (META) jumped as much as 6% in premarket trading on Thursday after Bloomberg reported that CEO Mark Zuckerberg is expected to make cuts in the company's Metaverse operations.

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon building the metaverse. By Mike Isaac Reporting from San Francisco. Meta is ...

All products featured here are independently selected by our editors and writers. If you buy something through links on our site, Gizmodo may earn an affiliate commission. Reading time 2 minutes The ...

Meta Platforms‘ (META) AI investments echo its metaverse-era spending with high costs and vague returns. Analysts highlight risks, drawing parallels to past uncertainties Meta created with metaverse ...

Remember the metaverse? The virtual reality world from which Mark Zuckerberg's Meta gets its name may not be the trendy tech term it was a couple of years ago, but the company now wants workers ...

Infinite Reality Inc., a metaverse company that builds and powers virtual reality immersive digital media experiences for brands and creators, said today it will acquire agentic artificial ...

Meta has released a new “ad” for its flagship virtual reality app, Horizon Worlds — and it’s so much worse than anyone could have predicted. The 44-second clip Meta shared on Instagram over the ...

Remember the Metaverse? It seemed like a good idea at the time. It all started in 2021, when Facebook rebranded to Meta and pledged $10 billion to build technology that could make reality totally ...

Dec 12 (Reuters) - Meta (META.O), opens new tab said on Thursday it was releasing an artificial intelligence model called Meta Motivo, which could control the movements of a human-like digital agent, ...