The post Meta Eyes Deep Metaverse Budget Cuts, Stock Rises on AI Pivot appeared on BitcoinEthereumNews.com. Meta Platforms is slashing funding for its metaverse projects by up to 30% in 2026, redirecting resources to AI hardware like smart glasses, following internal budget talks at CEO Mark Zuckerberg’s Hawaii estate. This shift addresses the metaverse’s lack of traction since 2021, with Reality Labs already losing over $70 billion. Meta’s metaverse budget cuts target Horizon Worlds and Quest VR units for deeper reductions amid company-wide 10% savings. Resources will fund AI-focused hardware in Reality Labs, including Ray-Ban smart glasses and emerging wearables. Reality Labs has incurred more than $70 billion in losses since 2021, prompting sharper cuts due to limited developer and consumer interest. Meta metaverse budget cuts up to 30% signal pivot to AI hardware amid $70B losses. Investors cheer stock surge—explore implications for tech’s future direction now. What are Meta’s metaverse budget cuts and their impact? Meta metaverse budget cuts involve reducing funding by up to 30% for projects like Horizon Worlds and Quest VR as part of 2026 planning. These measures, discussed at CEO Mark Zuckerberg’s Hawaii estate last month, aim to implement company-wide cost reductions while targeting underperforming virtual reality initiatives. The shift prioritizes AI hardware development to address ongoing financial losses exceeding $70 billion since 2021. How will Meta redirect funds from metaverse to AI hardware? Meta plans to channel savings from metaverse cuts toward AI-integrated hardware within the Reality Labs division, including smart Ray-Ban glasses and advanced wearables. Executives noted that while a standard 10% budget reduction applies across teams, Reality Labs faces steeper cuts due to the metaverse’s failure to attract widespread interest. One executive remarked, “They haven’t seen the level of industry-wide competition over the technology that they once expected.” This redirection supports AI tools like Meta AI and Llama models, which demand specialized hardware rather than virtual environments. Since… The post Meta Eyes Deep Metaverse Budget Cuts, Stock Rises on AI Pivot appeared on BitcoinEthereumNews.com. Meta Platforms is slashing funding for its metaverse projects by up to 30% in 2026, redirecting resources to AI hardware like smart glasses, following internal budget talks at CEO Mark Zuckerberg’s Hawaii estate. This shift addresses the metaverse’s lack of traction since 2021, with Reality Labs already losing over $70 billion. Meta’s metaverse budget cuts target Horizon Worlds and Quest VR units for deeper reductions amid company-wide 10% savings. Resources will fund AI-focused hardware in Reality Labs, including Ray-Ban smart glasses and emerging wearables. Reality Labs has incurred more than $70 billion in losses since 2021, prompting sharper cuts due to limited developer and consumer interest. Meta metaverse budget cuts up to 30% signal pivot to AI hardware amid $70B losses. Investors cheer stock surge—explore implications for tech’s future direction now. What are Meta’s metaverse budget cuts and their impact? Meta metaverse budget cuts involve reducing funding by up to 30% for projects like Horizon Worlds and Quest VR as part of 2026 planning. These measures, discussed at CEO Mark Zuckerberg’s Hawaii estate last month, aim to implement company-wide cost reductions while targeting underperforming virtual reality initiatives. The shift prioritizes AI hardware development to address ongoing financial losses exceeding $70 billion since 2021. How will Meta redirect funds from metaverse to AI hardware? Meta plans to channel savings from metaverse cuts toward AI-integrated hardware within the Reality Labs division, including smart Ray-Ban glasses and advanced wearables. Executives noted that while a standard 10% budget reduction applies across teams, Reality Labs faces steeper cuts due to the metaverse’s failure to attract widespread interest. One executive remarked, “They haven’t seen the level of industry-wide competition over the technology that they once expected.” This redirection supports AI tools like Meta AI and Llama models, which demand specialized hardware rather than virtual environments. Since…