Meta Rebounds with AI Focus After Cutting Costs, Though Investors Still Wary of Long-Term Metaverse Bets

Meta's core business has rebounded with 23% revenue growth in Q3 2022 after Zuckerberg quickly cut costs and refocused on AI.

Zuckerberg pivoted Meta's strategy to embrace generative AI like ChatGPT, making its Llama model open source to developers.

Meta is using AI to improve engagement on its platforms and make advertising more automated and efficient.

Some investors remain skeptical of Zuckerberg's long-term metaverse bets despite the AI focus.

AI could help advance Zuckerberg's vision for the metaverse by aiding VR development, though hardware investments worry some investors.