In 2021, Facebook, Inc. changed its name to Meta. The rebrand was a strategic move by the company as it attempted to shift away from social media and focus on building the metaverse, which it envisioned as a digital world with the potential to be the next generation of the internet.
But like most big tech corporations, Meta is all-in on generative AI, leaving its metaverse hopes and aspirations in the rear-view mirror. In case you missed it, Meta's virtual reality department recently took a huge hit following the company's decision to shut down several VR game studios.
