Meta Shifts to AI Devices From Metaverse | Bloomberg Tech 1/13/2026

Meta Shifts Focus to AI Devices, Pivoting Away from Metaverse In a significant shift, Meta, formerly known as Facebook, plans to double the production of its Ray-Ban AI-powered smart glasses, moving away from its previous focus on the metaverse. This strategic decision comes as the company aims to prioritize more tangible and practical AI-driven devices. Separately, Microsoft has pledged to cover the electricity costs for its data centers, aiming to address consumer concerns over rising power prices. This move is seen as a proactive effort to maintain the company's competitiveness in the technology sector. Additionally, Klarna's CEO, Sebastian Siemiatkowski, has weighed in on former US President Trump's call for a one-year 10% interest rate cap on credit cards. Siemiatkowski's comments provide insights into the potential implications of such a policy measure on the financial services industry. Overall, the news highlights the evolving priorities and adaptations within the tech industry, as companies navigate changing market dynamics and consumer needs.