Meta’s Zuckerberg says 'not accurate' he's no longer metaverse crazy but pays more attention to AI
CEO Mark Zuckerberg said the narrative that Meta is moving away from focusing on the metaverse is false although significantly more time was spent talking about artificial intelligence on today’s earnings call.
talked about Horizon Worlds, Meta’s flagship metaverse offering, at length, mentioning it nine times. Last quarter, under pressure to cut costs and prioritize core businesses like Facebook and Instagram, Zuckerberg failed to mention Horizon Worlds even once. If Meta was to pull back from, or table, its metaverse ambitions it would likely be welcome news for many many shareholders. Reality Labs lost $4 billion in the first quarter of this year. It lost nearlyThe bleeding will not only continue throughout the year, this year’s losses will top 2022’s, Meta said in a statement.Outside of the metaverse, all is well for Meta
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