Meta Confirms ‘Shifting Some’ Funding ‘From Metaverse Toward AI Glasses’

Meta has officially confirmed it is shifting investment away from the metaverse and VR toward AI-powered smart glasses, following a Bloomberg report of an up to 30% budget cut for Reality Labs. “Within our overall Reality Labs portfolio we are shifting some of our investment from Metaverse toward AI glasses and Wearables given the momentum there,” a statement from Meta reads. “We aren’t planning any broader changes than that.” From the report: Following Bloomberg’s report,…