Meta to signal future of AR/VR investments at annual Connect conference

Ai Ai Headlines News

Meta CEO Mark Zuckerberg on Wednesday is set to update investors on his plan to build the immersive metaverse that he has pitched as the future of computing at the company's first in-person conference since the start of the pandemic. Announcements at Meta Connect, Meta's biggest event of the year, will indicate how Zuckerberg plans to navigate the shift this year of investor fervor to artificial intelligence from augmented and virtual reality technologies. Stakes for the event are high as investors last year slammed the parent company of Facebook and Instagram for spending extensively on the metaverse, prompting Zuckerberg to lay off tens of thousands of staff to continue funding his vision.