ALIBABA DITCHES METAVERSE CREW AS AI RAMPS UP

So, the Chinese e-commerce giant Alibaba just slashed its metaverse crew, cutting dozens from the Yuanjing squad as they shift gears to focus on AI—classic tech pivot!

Launched back in 2021 when metaverse hype was peaking, this unit’s getting a trim but ain’t disappearing completely.

While they’ll keep the metaverse game alive, it’s clear the excitement is fading.

Other big names like Baidu and Meta are also swapping virtual vibes for that sweet, sweet AI action.

Source: CoinTelegraph