Meta has announced the permanent shutdown of its VR platform Horizon Worlds, effective June 15, as the company shifts focus to AI development. The decision follows significant financial losses, with Reality Labs, the department behind Horizon Worlds, reporting cumulative losses nearing $90 billion over seven years. Despite initial ambitions for the metaverse, the platform failed to attract the anticipated user base. In a strategic pivot, Meta is redirecting its resources towards AI, with a capital expenditure budget of $115 billion to $135 billion for AI infrastructure. This move includes the launch of Manus Desktop, an AI tool designed to enhance personal computing by automating tasks. The shift comes amid broader industry trends, with many tech companies embracing AI and implementing workforce reductions. Meta's stock rose 3% following the announcement, reflecting investor optimism about the company's new direction.