Meta is redirecting a portion of its metaverse budget to AI-enabled glasses and wearables, aiming to capitalize on rising demand for practical AI devices after mixed results selling the promise of virtual worlds. Bloomberg reported Meta could trim metaverse investment by up to 30%, sending shares up more than 3.4%. The company touted momentum behind its latest smart glasses—capable of describing scenes and translating text—as it also pushes larger AI models across services like WhatsApp. Meta said it isn’t planning broader changes for now, as investors remain skeptical of heavy VR spending and the long-term payoff from Horizon Worlds and related hardware.
Meta shifts metaverse spending toward AI-powered smart glasses and wearables
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