A new report claims that Meta is preparing to downsize its AI division, dismissing high-level executives and introducing third-party software in its product offerings. This has caused a lot of chaos for the AI-related token sector, which saw price drops across nearly all its leading assets. This may not precipitate a true crash, but it’s certainly a concerning sign. Will Meta Pull Back From AI? Meta, the parent company of Facebook and Instagram, has invested in several Web3 initiatives over the years, but it’s going all in on AI
source: https://beincrypto.com/meta-ai-division-downsize-crypto-impact/