Tech Is Getting Boring. Companies are moving away from cool tech like Metaverse to solving real issues

With their valuations and earnings down, and their guidance gloomy, America’s tech companies have entered a phase when they have to be brutally honest with themselves about what really works.

This means executives are trimming staff, moonshots and unprofitable distractions. It’s a transition away from more than a decade of “gee-whiz” projects—think self-driving cars, flying cars, metaverses and crypto etc.

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