reality labs
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Alibaba reportedly cuts dozens from metaverse unit
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The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI. 

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Meta drops 15% on weak outlook and high AI and metaverse spending
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Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI ...

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