Meta to cut 10% of metaverse arm this week amid AI push: Report
Meta’s Reality Labs is set for cuts as the firm’s metaverse budget continues to decline amid push toward artificial intelligence development.
Meta’s Reality Labs is set for cuts as the firm’s metaverse budget continues to decline amid push toward artificial intelligence development.
Original source
Read on CointelegraphRelated market context
Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem
Bitcoin Magazine Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem Metaplanet Inc., Japan’s large...
Nasdaq-Listed Bitcoin Firm Nakamoto Sells BTC, Cuts Debt and Authorizes Share Buyback
Nakamoto, the Nasdaq-listed Bitcoin services and treasury firm, sold about $48 million worth of BTC and derivatives to help reduce...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
Elon Musk’s SpaceX IPO fever sparks $1 billion crypto bet before Nasdaq debut
Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion t...
Blackrock Files Final Pre-Launch Form for Bitcoin Covered-Call ETF, Analyst Gives 1-Week Window
Bloomberg Intelligence senior exchange-traded fund (ETF) analyst Eric Balchunas said on Thursday that Blackrock’s Ishares Bitcoin...
Fars News Agency denies reports of US-Iran agreement, raising questions for crypto sanctions landscape
The denial of a US-Iran deal highlights ongoing geopolitical tensions, impacting crypto markets and potentially altering sanctions...