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Former Trump administration insider and Goldman Sachs powerhouse is joining as president and vice chairman to spearhead a $600 billion infrastructure plan.
The post Trump Insider Dina Powell McCormick Joins Meta as President appeared first on eWEEK.
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As we expected, Meta has begun laying off more than 1,000 employees from its Reality Labs division, which focused on virtual reality and metaverse products, Bloomberg reports. The company will refocus on developing wearables, like its recent batch of AI-powered Ray-Ban smart glasses, according to a memo from CTO Andrew Bosworth.
The news isn't too surprising. Reality Labs has lost more than $70 billion since the beginning of 2021, and while Meta has done a solid job of delivering desirable consumer VR headsets and smart glasses, that business hasn't been nearly profitable enough to justify the cost. And of course, Mark Zuckerberg's huge gamble on the metaverse, which involved renaming the company from Facebook to Meta in 2021, has gone nowhere.
According to Bloomberg, Meta's metaverse plans will now focus on mobile devices, which could mean a combination of its future wearables as well as existing mobile apps. "With the larger potential user base and the fastest growth rate today, we are shifting teams and resources almost exclusively to mobile to continue to accelerate adoption there," Bosworth wrote in a memo to staff this morning.
Meta isn't dumping its VR headset plans entirely, but according to Bosworth the VR divion will "operate as a leaner, flatter organization with a more focused road map to maximize long-term sustainability." Basically, don't expect a Quest 3 follow-up anytime soon.
This article originally a
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Elon Musk's satellite company has been a key factor in Iran as in Venezuela amid a rapprochement between the billionaire and President Trump.
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Apple has been putting more onus on its services for the past several years — the company makes tens of billions of dollars in revenue from that side of the business, which it claimed had a record year in 2025. Apple is nudging a little more in that direction with a new subscription bundle called
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Apple and Google have confirmed that Gemini's models power the new version of Siri and other generative AI features. CNBC broke the news, but Apple and Google soon followed up with a lengthy joint statement. Here's part of it: "Apple determined that Google's Al technology provides the most capable foundation for Apple Foundation Models… Apple Intelligence will continue to run on Apple devices and Private Cloud Compute, while maintaining Apple's industry-leading privacy standards."
In June, it was reported that Apple was considering partnerships with OpenAI and Anthropic for Siri (the voice assistant can currently tap ChatGPT for certain queries as part of Apple Intelligence). Two months later, Google emerged as a contender. Another report suggested Apple might build the new Siri using a custom version of Gemini — and that it would pay Google around $1 billion a year for the privilege. However, no official deal numbers were shared.
It's also notable that current iPhones have direct access to OpenAI's ChatGPT. But how long for?
— Mat Smith
The other big stories this morning
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 Apple today announced that 2025 was a "record-breaking year" for many of its services, including the App Store, Apple Music, Apple TV, and Apple Podcasts.
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