Despite losing a cumulative $47 billion in its metaverse-focused Reality Labs division since 2019, Meta is still investing more than $15 billion a year into the project. The company is also considering developing artificial general intelligence (AGI) and potentially open-sourcing it. Nicola Mendelsohn, Meta's global business group head, echoed Zuckerberg's sentiments, stating at the World Economic Forum that it would take a "good decade to get to that fully realized vision" of the metaverse.
Key takeaways:
- Mark Zuckerberg has stated that Meta is not pivoting to AI, but continues to focus on the development of the metaverse, with an investment of over $15 billion a year.
- Zuckerberg sees AI as critical to Meta's future products and believes it has the potential to generate virtual worlds and artificial characters.
- Meta is also considering the development of artificial general intelligence (AGI) and potentially open-sourcing it.
- Despite significant investments, Meta's metaverse-focused Reality Labs division has lost a cumulative $47 billion since 2019.