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Meta (META) hasn’t given up on the metaverse regardless of a really public pivot to synthetic intelligence. “Our investments in AI proceed,” mentioned CEO Mark Zuckerberg on the corporate earnings name Wednesday night. “We stay totally dedicated to the Metaverse imaginative and prescient as effectively,” he continued. “We have been engaged on each of those two main priorities for a few years in parallel now, and in some ways the 2 areas are overlapping and complementary.”. The give attention to the metaverse hasn’t been worthwhile for the social media big – Meta’s Fb Actuality Labs (FRL) unit, which is liable for metaverse, misplaced $13.7 billion on income of $2.2 billion in 2022, up from a lack of $10.2 billion on income of $2.3 billion the earlier yr.
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