RIP Metaverse, we hardly knew ye

Tech Insider : Economy
An illustration of a tombstone reading
The Metaverse, once the hottest idea in tech, is headed to the industry's graveyard of failed fads.

Robyn Phelps/Insider

An obituary for the latest fad to join the tech graveyard

Meta stock is a 'top pick' and could soar 20% as the social media giant leans into the AI hype, analysts say

Tech Insider
Mark Zuckerberg 2020
Facebook, now Meta, founder and CEO Mark Zuckerberg in 2020

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Mark Zuckerberg said the word 'AI' no less than 27 times during a Meta earnings call this week

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AI was the buzzword of the day during Meta's earnings call on Wednesday.
AI was the buzzword of the day during Meta's earnings call on Wednesday.

GERARD JULIEN/AFP via Getty Images

Mark Zuckerberg says he is absolutely not abandoning the metaverse as company division loses $4 billion

Tech Insider : Technology
Mark Zuckerberg at the Paley Center For Media on October 25, 2019
Meta CEO Mark Zuckerberg.

Drew Angerer/Getty Images

Mark Zuckerberg has become so obsessed with AI that one Wall Street research firm is jesting that Facebook will change its name to MetAI

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Mark Zuckerberg showed full avatar at Meta connect event
Mark Zuckerberg showed full avatar at Meta connect event

Facebook

Meta has reportedly stopped pitching advertisers on the metaverse

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Facebook CEO and founder Mark Zuckerberg in an Oculus VR headset in 2016
Less than one year after Meta CEO and founder Mark Zuckerberg was pushing the Metaverse, the firm has moved away from the technology in meetings with advertisers.

GLENN CHAPMAN/AFP via Getty Images

Apple's smart goggles could be the shot in the arm the whole industry needs

Tech Insider
Apple headset VR
Apple is said to bei introducing the Reality Pro smart goggles later as soon as June. It'll make Apple a challenger in a market where competitors like Google and Microsoft have sputtered.

JOSH EDELSON/AFP via Getty Images

Meta can't make any big acquisitions right now, as its $40 billion war chest starts going towards appeasing Wall Street investors

Tech Insider
Facebook CEO Mark Zuckerberg delivers the keynote address at Facebook's F8 Developer Conference on April 18, 2017 at McEnery Convention Center in San Jose, California. The conference will explore Facebook's new technology initiatives and products.
Investors are pushing Meta to focus less on the metaverse and more on its established core businesses.

Justin Sullivan/Getty Images)

They Got Married in a Taco Bell in the Metaverse

Gizmodo

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Zuckerberg Pivots to AI After Pivoting to the Metaverse

Gizmodo : Technology

With the rise and proliferation of advanced, large language model chatbots like OpenAI’s ChatGPT, everyone and their mother seems to be talking about AI.

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