Facebook has quietly killed off the metaverse, they are now going to be focusing on creating AI models starting with LLaMA: A foundational, 65-billion-parameter large language model.
Mark Zuckerberg, the CEO of Facebook, has recently announced that his company is putting an end to its ambitious plans for the metaverse.
This decision comes after years of investment and promotion of the concept, which was intended to be the next big thing in social media and online gaming.
However, in a recent statement, Zuckerberg revealed that Facebook is shifting its focus away from the meta and towards what he calls the “creator economy.”
This refers to the growing number of people who make a living through online content creation, such as YouTubers, Twitch streamers, and Instagram influencers.
It appears that Zuckerberg has decided that the metaverse is not a viable business model for Facebook.
In his statement, he acknowledged that building a true metaverse would require a massive investment of resources, and that there are many technical and social challenges that would need to be overcome.