Meta Platforms Inc. is reportedly planning to cut around 10% of employees at its Reality Labs division as the company shifts its priorities to artificial intelligence. The New York Times, referencing ...

Meta Platforms‘ (META) Q2 earnings showcased robust advertising revenue of $39.1 billion, up 22%, and $18.9 billion in free cash flow. The company raised its capex guidance, primarily for AI ...

Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses has chilled the VR industry. "The market has spoken," said Jitesh Ubrani, an analyst for ...

Meta plans to cut its budget by up to 30% in its Reality Labs metaverse division. It's considering job cuts as part of that move, leaving employees uncertain. The cuts may impact Horizon Worlds and ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Pranav Dixit Every time Pranav publishes a story, you’ll get an alert straight to your inbox!