Facebook went all in on the metaverse and turned into Meta; quite rightly, the market looked at what they produced for 10's of billions and decided their company was worthless.
Then Ai sprung to the front pages and any CEO who stood up and said "Ai" was rewarded with a 10x stock price. The unloved stepchild that was the ML team became the A team and the metaverse team have been sent to the naughty step. Facebook/Meta have no actual customer facing use for Ai unlike Microsoft/Google/GitHub but they like a good stonk price rise and so what we see is their stategy to stay in the ai game and relevant.
It turns out it is pretty good for the rest of us (possibly the first time facebook has given something positive to humanity) as we get shinny toys to play with.
Then Ai sprung to the front pages and any CEO who stood up and said "Ai" was rewarded with a 10x stock price. The unloved stepchild that was the ML team became the A team and the metaverse team have been sent to the naughty step. Facebook/Meta have no actual customer facing use for Ai unlike Microsoft/Google/GitHub but they like a good stonk price rise and so what we see is their stategy to stay in the ai game and relevant.
It turns out it is pretty good for the rest of us (possibly the first time facebook has given something positive to humanity) as we get shinny toys to play with.