In this episode, we cover the practical AI & business news of Meta's strategic pivot from its Metaverse projects to a concentrated effort on AI. We discuss the tangible implications for business applications and market trends.
Chapters00:00 Meta's Metaverse Investment
02:05 VR's Limited Appeal
06:21 Meta's Financial Losses
11:24 AI: Meta's New Frontier
In this episode, we break down Meta's decision to discontinue its ambitious Metaverse project after a colossal $73 billion investment, leading to significant layoffs and the shutdown of several VR game studios. We also explore why the Metaverse failed to gain traction and how Meta is now pivoting its resources and focus towards AI, particularly with the unexpected success of its AI-powered Ray-Ban smart glasses.
Chapters00:00 Meta Ditches Metaverse
02:05 Metaverse Rebrand
05:32 Metaverse Layoffs and Closures
08:10 Meta's Metaverse Failed
13:46 Metaverse Revenue Model Issues
16:49 Meta Shifts to AI
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