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Meta Plans Big Cuts to Its Metaverse Efforts

Meta is expected to meaningfully cut resources for building the so-called metaverse, an effort CEO Mark Zuckerberg once framed as the future of the company. Bloomberg’s Kurt Wagner discusses the news and the reason behind it with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:…

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Meta is expected to meaningfully cut resources for building the so-called metaverse, an effort CEO Mark Zuckerberg once framed as the future of the company. Bloomberg’s Kurt Wagner discusses the news and the reason behind it with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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2 Comments

2 Comments

  1. @Obliq-t7s

    December 4, 2025 at 3:14 pm

    In our lifetime Meta will be ran by a handful of people. The rest will be AI.

  2. @ShotDrawnCut

    December 4, 2025 at 7:00 pm

    Imagine getting a free vacation to Hawaii but having to hang out with the Zuckerbot. Metaverse irl

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Bloomberg Technology

AI Chipmaker Cerebras Seeks $4.8 Billion in Upsized IPO | Bloomberg Tech 5/11/2026

Bloomberg’s Caroline Hyde and Ed Ludlow discuss Cerebras’ increased IPO plans as the AI chipmaker and data center operator boosts its offering plans by one-third to as much as $4.8 billion. Plus, Circle CEO Jeremy Allaire explains what drove the company’s first-quarter revenue and his vision of an agent-led future. And, Google researchers say they…

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Bloomberg’s Caroline Hyde and Ed Ludlow discuss Cerebras’ increased IPO plans as the AI chipmaker and data center operator boosts its offering plans by one-third to as much as $4.8 billion. Plus, Circle CEO Jeremy Allaire explains what drove the company’s first-quarter revenue and his vision of an agent-led future. And, Google researchers say they have uncovered the first-ever zero-day attack built by AI.

Chapters:
00:00:00 – Intro
00:12:33 – Circle CEO Jeremey Allaire
00:22:53 – Alphabet Set to Become World’s Biggest Company
00:31:08 – Rezolve AI CEO Dan Wagner
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

Rezolve AI CEO Weighs In on Hostile Bid for Commerce.com

Rezolve AI CEO Dan Wagner discusses the reason behind his company’s hostile bid for Commerce.com, including what he called an “embarrassing growth rate” by the takeover target. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg…

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Rezolve AI CEO Dan Wagner discusses the reason behind his company’s hostile bid for Commerce.com, including what he called an “embarrassing growth rate” by the takeover target. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
——–
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Bloomberg Technology

A $400 AI Bet That’s a High-Stakes Wager on the Future of Work

AI is set to have a profound impact on the workforce and productivity, but by how much and how quickly are still being debated and bet on by academics. Bloomberg’s Stacey Vanek Smith describes the $400 wager on the future of work. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this…

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AI is set to have a profound impact on the workforce and productivity, but by how much and how quickly are still being debated and bet on by academics. Bloomberg’s Stacey Vanek Smith describes the $400 wager on the future of work. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
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