Billionaire tech investor Peter Thiel was reportedly concerned about Mark Zuckerberg's focus on the metaverse and its impact on Meta's revenue-driving social media platforms, causing him to resign from Meta's board of directors.
Meta has been struggling to keep pace with competitors such as Google and Microsoft in the race to develop advanced artificial intelligence technology.
Meta was slower to invest in advanced computer chips utilized in AI work than its rivals as Zuckerberg poured billions into metaverse tech.
- Thiel raised concerns about the metaverse push leaving Meta vulnerable to competitors like TikTok, arguing that the company was focusing too much on the metaverse to the detriment of its social media platforms.
- Meta is stepping up its development of generative AI tools like ChatGPT that provide human-like responses to user prompts.
- Meta spokesperson Jon Carvill expressed confidence in the company's ability to continue expanding its infrastructure's capabilities to meet its near-term and long-term needs.
