Meta Platforms, one of the leading tech companies in the world, has shifted its focus from their metaverse initiative to generative AI funding. Meta, formerly known as Facebook, has announced a massive second round of layoffs, reflecting a new focus on generative Artificial Intelligence (AI). This shift comes one and a half years after the firm rebranded itself to reflect its ambitious metaverse initiative. In addition, CEO Mark Zuckerberg has shifted his attention away from the metaverse dream and towards AI advancements. This week, Meta announced that it had closed its Portal platform, which will allow it to focus more resources on developing generative AI technologies.