"Meta isn't giving up on its metaverse push. In a recent memo viewed by Business Insider, CTO Andrew Bosworth told employees about a shake-up in the division. "The priority of the metaverse work remains unchanged, and it continues to be a companywide priority," he wrote. Bosworth had previously told Meta staff that this year would be the "most critical" to prove the metaverse is either a visionary feat or a "legendary misadventure," according to an earlier memo viewed by Business Insider."
"The word of the call was "compute," which Zuckerberg said 14 times, and Li said 8 times. Other words related to Meta's AI cap-ex, like "infrastructure" and "capacity," bubbled up at 12 references each. Meta is investing heavily in its compute power and AI infrastructure. The company raised its 2025 capex spending guidance, and Li said it would spend even more in 2026."
Meta's Q3 earnings call emphasized compute, capacity, and novel AI capabilities as central priorities. Zuckerberg and CFO Susan Li repeatedly referenced compute, infrastructure, and capacity while the company raised 2025 capex guidance and signaled higher spending in 2026. The term "metaverse" and Horizon were not mentioned during the call, though internal memos from CTO Andrew Bosworth state that metaverse work remains a companywide priority and that the year is critical to prove its long-term viability. Investor skepticism grew after the call, and Meta shares dropped significantly following the announcement.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]