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Meta moves away from metaverse as AI dominates

The virtual world, or metaverse, seems to be on hold as tech companies commit more resources to artificial intelligence technology. The metaverse, a virtual world envisioned by the tech industry for business and pleasure, seems to have lost one of its biggest champions: Meta. Meta, formerly Facebook, bet hard on the virtual world. CEO Mark Zuckerberg, along with many others in the tech industry, claimed that the metaverse would revolutionize how people work, play games and surf the internet. The company even created its own 17 division to develop its version of the metaverse: Reality Labs. However, after Reality Labs reported nearly $24 billion in losses over the past two years, Meta is shifting to the new zeitgeist: AI. Seen as the newest and most important technological development at the time, AI has convinced millions inside and outside the tech industry of its potential. The OpenAIcreated ChatGPT chatbot has already become an integral part of the lives of many consumers. Mr. Zuckerberg announced last month that Meta was creating a new team to work on AI development. “We’re creating a new top-level product group at Meta focused on generative AI to turbocharge our work in.

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Meta moves away from metaverse as AI dominates