Meta CEO Mark Zuckerberg is significantly reducing the company's investment in the metaverse, according to Bloomberg. The company, which has invested billions in virtual reality (VR) and augmented reality (AR) projects, will cut funding to its Reality Labs division by nearly 20% over the coming years. This decision follows substantial losses in Meta's metaverse initiatives, with Reality Labs having spent over $40 billion. In a strategic pivot, Meta is reallocating resources to enhance its artificial intelligence capabilities, planning to expand AI research and infrastructure. This shift underscores Meta's response to the financial challenges faced by its metaverse projects and its commitment to advancing AI technology.