Dec 4 : Meta is expected to make budget cuts of up to 30 per cent for its metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussions.The Facebook parent's shares rose 4 per cent as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed w
It’s actually insane to think about what could have been accomplished with the capital investment that has collectively gone into generative AI, public ledger blockchain, and metaverse VR projects. IIRC its over a trillion dollars. There are credible plans for more or less ending world hunger for under ten billion. Yeah, those plans come with a ton of asterixes, but the point is, if that’s what ten gets you, imagine what you could do with a hundred billion? Now think about what a trillion could do. It’s honestly sickening.