Meta Reportedly Plans Up to 30% Budget Cut for Metaverse Division
Meta may reduce Metaverse funding by as much as 30% amid weak consumer demand and rising AI investment priorities, while regulatory pressure in Europe continues to grow.
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Meta may reduce Metaverse funding by as much as 30% amid weak consumer demand and rising AI investment priorities, while regulatory pressure in Europe continues to grow.
Wikimedia Foundation explores deals with AI companies to monetize usage of Wikipedia content, aiming to offset server and operational costs from AI training.
The European Commission investigates Meta over AI restrictions in WhatsApp, raising concerns about competition and access for third-party AI providers.
Gradium raises $70M seed funding to create ultra‑low latency, multilingual AI voice models, aiming to challenge established players like OpenAI and ElevenLabs by making high‑quality voice AI accessible to developers globally.
Nvidia’s strong earnings reignite AI bubble fears, but analysts say the boom has years of runway as real demand, revenue growth, and new AI use cases accelerate.
Alibaba’s new Quark AI Glasses integrate its Qwen AI model and mark the company’s latest move to scale consumer AI products amid intensifying competition.
Nvidia asserts it is “a generation ahead” in AI chips after reports that Google may supply Meta with its processors, spurring market competition.
Nvidia CEO Jensen Huang told staff to use AI for all possible tasks and reassured them that automation would not threaten their jobs.
OpenAI CEO Sam Altman confirmed the company has finished initial prototypes for AI hardware devices, designed to offer a calm, personalized user experience.
Meta is in talks to spend billions on Google’s TPUs for its data centers, a shift that would position Alphabet as a stronger competitor to Nvidia. The discussions include Meta potentially renting Google Cloud chips as early as next year.
Palo, founded by Jay Neo and former Palantir engineer Shivam Kumar, provides AI-powered analytics and ideation tools to help short-form video creators optimize content and grow audiences.
Google executives told employees the company must double its compute capacity every six months to keep pace with surging demand for AI services, underscoring the rising cost and competition in cloud infrastructure.
AI pioneer Yann LeCun is departing Meta after 12 years to launch a new company focused on “advanced machine intelligence,” diverging from the industry’s fixation on large language models.
Jeff Bezos joins Project Prometheus as co-CEO, helping lead the AI startup with $6.2 billion in funding to improve manufacturing across tech, automotive, and aerospace sectors.
Oscar-winning actors Matthew McConaughey and Michael Caine have signed with AI audio firm ElevenLabs, joining the company’s new “Iconic Voices Marketplace” that offers officially licensed celebrity voices for AI-generated media.