Based on 528btc, Meta Platforms (META) has initiated a major strategic capital reallocation, shifting focus from its metaverse ambitions to artificial intelligence (AI). The move reflects investor pressure and a broader industry trend where AI's transformative potential is gaining precedence over the uncertain profitability of the metaverse. The company is actively hiring from competitors like OpenAI and partnering with firms such as Scale AI, which has raised $14.3 billion. Meta's CEO has reportedly advocated for deep cuts in metaverse spending to redirect resources toward AI-driven innovation. The company plans to use Google's Tensor Processing Units (TPUs) by 2027 to support AI data centers and is willing to endure short-term financial strain for long-term gains. Analysts remain divided, with concerns about the profitability of AI projects despite optimism over Meta's product roadmap. The stock saw a notable intraday rise following the announcement of the strategic shift.
Meta Shifts Strategic Focus from Metaverse to AI Amid Investor Pressure
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