It’s a tough time for Meta. Can AI help make the company relevant again?

Mark Zuckerberg says in earnings call Meta is still devoted to virtual reality even as it bolsters its AI development

Meta is not pivoting away from its signature product, the metaverse. Or at least that's what the Meta chief executive, Mark Zuckerberg, is arguing.

Despite reports that sales teams at Meta have spent less time pitching the metaverse to advertisers, Zuckerberg claimed on the tech firm's latest quarterly earnings call that it's business as usual over at the company formerly known as Facebook. A narrative has developed that we're somehow moving away from focusing on the metaverse vision, so I just want to say upfront that that's not accurate," the CEO said.