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flag Meta to cut metaverse budget up to 30%, shift focus to AI and smart glasses.

flag Meta is planning up to a 30% budget cut for its metaverse division, potentially leading to layoffs, as CEO Mark Zuckerberg shifts focus toward artificial intelligence and AI-powered wearables like smart glasses. flag The move follows years of financial losses exceeding $70 billion since 2021 and weak consumer adoption of virtual reality platforms like Horizon Worlds. flag Despite early success with Quest headsets and Ray-Ban smart glasses, the metaverse vision has failed to gain broad traction. flag The company is reorganizing under Superintelligence Labs and hiring top talent, including Apple’s Alan Dye, to accelerate AI development. flag Meta’s stock rose 4% to 5.5% on the news, reflecting investor confidence in the pivot, though long-term AI spending remains a concern.

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