Mark Zuckerberg insists he will not abandon the metaverse despite a $4 billion loss by a company division
Mark Zuckerberg, CEO of Meta, says he won’t abandon the metaverse despite the fact that the division within the company which manages the virtual and augmented realities projects suffered a $4 billion loss in the first three months.
Recent comments made by Zuckerberg and Meta leaders suggest that the company has shifted its focus away from the Metaverse and is now more bullish about AI. Andrew Bosworth, Meta’s CTO, said that top Meta executives are now spending the majority of their time on AI.
Zuckerberg said to investors that a narrative had developed suggesting we were moving away from the focus on our metaverse vision. \”So, I want to be upfront and say that that is not accurate. Since years, we’ve focused on AI and Metaverse. We will continue to do so.
Source:
https://www.businessinsider.com/zuckerberg-says-he-isnt-abandoning-metaverse-as-division-loses-mount-2023-4
