Meta Shifts Focus to AI Technology Development from Metaverse

Meta has moved its focus on AI and is developing AI technology instead of the metaverse, for now.

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The AI technology being developed by Meta can generate both sentences and images instantly.

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Meta will be making its generative AI available for commercial use of by December.

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The company plans to use the technology for advertising purposes.

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The newly-formed AI team includes Meta's CEO, Mark Zuckerberg.

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Meta claims to have been investing in AI for over a decade and operates from one of the leading research institutes in the world.

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Meta's AI technology will enable entities to generate images for campaigns that work for different audiences, saving time and money.

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Advertising is Meta's primary revenue stream, and the AI technology is expected to be a lynchpin for the company's revenue model as a whole.

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