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What will be Alibaba's next strategic focus after AI by December 31, 2025?
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Official announcements or statements from Alibaba
Story
Alibaba Cuts Dozens of Employees from Metaverse Unit Amid Shift to AI Focus
Nov 4, 2024, 05:10 AM
Alibaba Group Holding Ltd. has reportedly laid off dozens of employees from its metaverse unit as the company shifts its focus towards artificial intelligence (AI) in response to a cooling enthusiasm in the metaverse sector. This decision aligns with a broader industry trend where companies are reassessing their investments in virtual reality and augmented reality technologies. The layoffs are part of Alibaba's strategy to adapt to changing market dynamics, reflecting a significant pivot from metaverse initiatives to AI development.
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