Mark Zuckerberg’s metaverse adventure may finally be running out of cash

Everyone from Google to Tesla to Amazon is pivoting toward artificial intelligence in a bid to keep up with the technology released by OpenAI, and Zuckerberg is apparently no different. — Getty Images/The New York Times

Facebook founder Mark Zuckerberg once hoped his virtual and augmented reality metaverse would reach a billion people. Now it seems the passion project of the Meta CEO is being asked to reign in its spending.

Reality Labs, the division of the tech giant which focusses on the research and development of augmented and virtual reality (AR and VR) products and services, has reportedly been asked to curb its spending over the next couple of years.