What metaverse? Meta says its single largest investment is now in 'advancing AI' | CNN Business

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Roughly a year-and-a-half after Facebook renamed itself “Meta” and said it would go all-in on building a future version of the internet dubbed the metaverse, the tech giant now says its top investment priority will be advancing artificial intelligence

. In a letter to staff Tuesday, CEO Mark Zuckerberg announced plans to lay off another 10,000 employees in the coming months, and doubled down on his new focus of “efficiency” for the company. The pivot to efficiency, first announced last month in Meta’s quarterly earnings call, comes after years of investing heavily in growth, including in areas with unproven potential like virtual reality. Now, Zuckerberg says the company will focus mostly on cutting costs and streamlining projects.

A day before Microsoft’s announcement, Google unveiled its own AI-powered tool called Bard. And not to be left behind, Meta announced late last month that it was forming a “top-level product group” to “turbocharge” the company’s work on AI tools. “I do think it is a good thing to focus on AI,” Ali Mogharabi, a senior equity analyst at Morningstar, told CNN of Zuckerberg’s comments.

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Society is fuckered up enough already without an army of Zucks.

Maybe they should change the name again. Recommend a name guys🤲

Have you seen Zuckerberg? We already knew this.

The Biden Administration is trying to keep you busy so you won't really know what's going on.

I thought He was AI 🤔😬

I guess it will take a lot of money and effort to develop AI that seems less human than Zuckerberg

AI in their hands should concern us all.

facebook is lost and adrift

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Facebook-parent Meta plans to lay off another 10,000 employees | CNN BusinessFacebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months. Best economy ever Wow why would elon do this
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