Meta's Bet on Generative AI Is Really a Stepping Stone to the Metaverse
It seems like a decade has passed since Facebook rebranded its corporate entity to Meta Platforms (NASDAQ: META) (it was only in late 2021).  Meta was heralding a 3D digital future with sweeping bets on the metaverse.  Fast forward just a year and a half, though, and Meta is back pedaling and heralding 2023 as "the year of efficiency," replacing thousands of workers with new AI tools to make its backend processes more profitable again.
Meta's Bet on Generative AI Is Really a Stepping Stone to the Metaverse
It seems like a decade has passed since Facebook rebranded its corporate entity to Meta Platforms (NASDAQ: META) (it was only in late 2021). Meta was heralding a 3D digital future with sweeping bets on the metaverse. Fast forward just a year and a half, though, and Meta is back pedaling and heralding 2023 as "the year of efficiency," replacing thousands of workers with new AI tools to make its backend processes more profitable again.