Meta set to slash spending on metaverse as Zuckerberg shifts focus to AI
Social media company considers cutting unit’s budget by as much as 30%
Social media company considers cutting unit’s budget by as much as 30%

Social media group plans to spend $135bn on data centres this year

A year of internal disorder, fluctuating priorities and colossal spending at Meta has rattled insiders and investors

Social media group sheds $200bn in market value as Mark Zuckerberg’s investment plans spook investors

Meta has splashed out on star hires and infrastructure as it tries to make up ground in the artificial intelligence race

Mark Zuckerberg is pouring billions of dollars into artificial intelligence

The prize of achieving so-called superintelligence outweighs the risks for Meta chief