Meta Pursues AI and Metaverse Initiatives Despite 20% Reality Labs Budget Cut

Meta has decided to reduce almost 20% of Reality Labs’ budget by 2026. Bank of America’s analysts predict that the budget reduction could help Meta save about $3 billion. Analysts predict that the $3 billion savings could be used for Meta’s AI initiatives. Meta has reportedly decided to reduce its budget for Reality Labs, the […] source: https://coinedition.com/meta-pursues-ai-and-metaverse-initiatives-despite-20-reality-labs-budget-cut/