Loading...
Market
Will Alibaba's AI revenue surpass its metaverse revenue in fiscal year 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Alibaba's official financial statements and earnings reports
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.
View original story
Similar markets
Less than 5% increase • 25%
5% to 10% increase • 25%
10% to 20% increase • 25%
More than 20% increase • 25%
Increase in revenue by more than 20% • 25%
Increase in revenue by 10-20% • 25%
Increase in revenue by less than 10% • 25%
No increase or a decrease in revenue • 25%
E-commerce expansion • 25%
Cloud computing • 25%
AI and technology • 25%
Logistics and supply chain • 25%
No significant impact • 25%
1% to 5% growth • 25%
6% to 10% growth • 25%
More than 10% growth • 25%
Outperforms Tencent • 25%
Outperforms Baidu • 25%
Outperforms JD.com • 25%
Underperforms all • 25%
Increase by more than $20 billion • 25%
Increase by $10 billion to $20 billion • 25%
Increase by less than $10 billion • 25%
Decrease • 25%