Meta has confirmed a strategic shift in investment from the metaverse and VR to AI-powered smart glasses, following a reported budget cut of up to 30% for Reality Labs. The company stated that while it is reallocating funds, no major changes are planned beyond this adjustment. Reports from various outlets suggest that Horizon Worlds will face significant cuts, leading to uncertainty among employees about potential layoffs. Reality Labs has incurred over $70 billion in losses since 2021, with a minimal user base of around 38 as of 2022.
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