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Top stories today:
- Meta said to plan 30% metaverse cuts, shifting focus to AI wearables
- Yann LeCun says Meta wonāt fund his AI startup, hints at Paris base
- Googleās Gemini 3 Deep Think debuts for AI Ultra subscribers
- Netflix said to enter exclusive talks for Warner Bros.
- Phoebe Gates, Bill Gatesādaughter, raises $30M for Phia at $180M
- Apple announces retiring of general counsel, policy chief
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Meta said to plan 30% metaverse cuts, shifting focus to AI wearables
Representational image generated using ChatGPT.
āWe are shifting some of our investment from metaverse toward AI glasses and wearables given the momentum there,ā a Meta spokesperson said.
The cuts are part of Metaās 2026 budget planning.
Target ~10% reductions across the board, Zuckerberg has reportedly asked executives.
2. Yann LeCun says Meta wonāt fund his upcoming AI startup, hints at Paris base
The startup will focus on advanced machine intelligence trained on visual and other sensory data.
āWe still donāt have a robot that can do what a five-year-old can,ā LeCun said at the AI-Pulse event in Paris.
Nov.: LeCun described Meta as a āpartnerā to his new venture.
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4. Googleās Gemini 3 Deep Think debuts for AI Ultra subscribers
Gemini 3 Deep Think is currently leading the ARC-AGI-2 leaderboard for adaptability and efficiency:
