Meta’s earnings beat expectations, but investors question whether its $135 billion AI push will pay off after metaverse losses and rising competition.

As the company was disclosing its $17.1B in quarterly R&D spending, Meta also revealed Q4 revenue of $59.9B and net income of ...

The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products.

Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the "momentum" in that segment, a company spokesperson has said. Over recent years, Meta ...

What failed as consumer hype is reemerging as infrastructure for AI agents, autonomous transactions, and machine-to-machine ...

The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

After changing its name and going all-in on virtual reality, Meta is scaling back its metaverse operations. But that could be ...

Mr. Market is giving investors a metaverse flashback over rising AI CapEx, punishing the stock. I explain why this fear is unfounded and why I'm adding to my Meta Platforms, Inc. position. The ...

We live in an age where ostentatious billionaires have the resources (and creative ambition) to make their favorite science fiction ideas come to life. The pandemic rapidly accelerated technological ...

Except the one that Meta just killed. Supernatural, the Meta-owned VR fitness app, has been my constant cardio companion ...