Meta acknowledged that its "support hasn’t always met expectations" but that a series of AI-powered updates should make it easier for people to get help.

Meta bet big on the metaverse a few years ago, but it hasn't paid off. Investors on Thursday cheered a report it could slash metaverse spending by 30%.

The new AI assistant being tested is designed to offer more personalized help with things like account recovery, managing your profile, or updating your settings. This particular feature will first be available to Facebook users, but the company expects to roll it out to other apps in the future.

Advertising data shows Meta is making its pitch in D.C. and media markets around nine state capitals — a sign that policymakers, not rural Americans, might be the target audience. Meta is also running ads in major metros like Dallas-Fort Worth and Jacksonville, Florida. (Meta didn’t respond to questions about its ad placement strategy.)

Reports that Meta plans to slash its metaverse budget by as much as 30% have eased investor concerns around AI spending and ignited a rally

Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent, wiping more than $208bn from its valuation — its second-biggest one-day loss — after Zuckerberg announced plans for even more aggressive spending on AI next year.

Meta CEO Mark Zuckerberg today announced plans to launch a creative studio that will be led by former Apple UI designer Alan Dye. As we learned earlier today, Dye is leaving his position as Vice President of Human Interface Design at Apple to become Meta's new chief design officer.

SAVE $82.25: The Ray-Ban Meta Wayfarer (gen 1) sunglasses are on sale for $246.75 in the matte black colorway with polarized gradient graphite lenses. That's a 25% discount compared to the list price of $329 and it's the lowest price we've seen at Amazon.