Meta Shifts Reality Labs Operations Toward Artificial Intelligence——Business Insider

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Investing.com - According to a leaked memo reported by Business Insider on Wednesday, Meta Platforms Inc (NASDAQ: META) is restructuring part of its Reality Labs division to focus on artificial intelligence.

The report states that the parent company of Instagram has carried out a comprehensive overhaul of a team within Reality Labs, which has 1,000 employees, including roles, titles, and team structure, transforming it into an AI-centric “group.”

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Reality Labs is the core division of Meta’s virtual reality and augmented reality business, including the Metaverse platform and Quest headset series.

The department experienced layoffs on Wednesday as part of Meta’s broader strategic shift toward AI development.

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