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Meta Goes All In on AI

Meta Goes All In on AI

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In this episode, we examine Meta's strategic decision to go all in on AI, scaling back its massive Metaverse investments. We discuss the implications of this definitive shift for the entire AI industry and Meta's future.


Chapters
00:00 Meta's Metaverse Investment
02:05 VR's Limited Appeal
06:21 Meta's Financial Losses
11:24 AI: Meta's New Frontier

In this episode, we break down Meta's decision to discontinue its ambitious Metaverse project after a colossal $73 billion investment, leading to significant layoffs and the shutdown of several VR game studios. We also explore why the Metaverse failed to gain traction and how Meta is now pivoting its resources and focus towards AI, particularly with the unexpected success of its AI-powered Ray-Ban smart glasses.


Chapters
00:00 Meta Ditches Metaverse
02:05 Metaverse Rebrand
05:32 Metaverse Layoffs and Closures
08:10 Meta's Metaverse Failed
13:46 Metaverse Revenue Model Issues
16:49 Meta Shifts to AI

Links
  • Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.ai

  • AI Chat YouTube Channel: https://www.youtube.com/@JaedenSchafer

  • Join my AI Hustle Community: https://www.skool.com/aihustle

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