Meta published its third quarter earnings today, and has recorded a loss of $4.4 billion in its AR/VR Reality Labs division. This is the third reported loss of the year in this segment, with Reality ...
Boing Boing on MSN
Meta insists VR not dead
Facebook burned $73bn and changed its name to "Meta" trying to make virtual reality take off, and its fortunes only recovered after pivoting into the AI boom. But the dream is not dead, despite ...
Mentions of the "metaverse" were relatively few and far between in Meta's quarterly earnings call this week — we counted a mere seven mentions compared to 23 for "AI" — but the company's investment ...
Despite ongoing losses, Reality Labs reported a 29% revenue increase in the third quarter. Expenses also rose by 19% year-over-year to $4.7 billion, largely due to higher staff-related costs and ...
Android Central on MSN
Meta's Quest 4 shift: Reality Labs is reportedly cutting the fat in a move to prioritize gaming. Here's why that's best for everyone
Big changes at Meta Reality Labs and the Metaverse division, new hires, and fresh leaks point to a very big future for VR and beyond.
1y
It turns out Mark Zuckerberg does have a breaking point with spending on Meta's metaverse ambitions
Hardware teams at Meta's Reality Labs were asked to trim spending by almost 20% into 2026, The Information reported.
Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well ...
Meta's Reality Labs division lost $3.7 billion in the third quarter. Meta's recent earnings, posted Wednesday, shows its VR and metaverse push is still bleeding money. Meta said Reality Labs' revenue ...
Could this be the actual bad signs for the VR industry people have been portenting for years? Meta is laying off over 100 employees in their VR division. Meta made the announcement earlier in the week ...
In an effort to further expand its software platform, Meta is restructuring Reality Labs by merging all its virtual-reality teams into two divisions -- one focused on the Quest VR headset line and ...
(TNS) — Imagination is being unlocked in the new Verizon Innovative Learning labs at Mater Academy. On a 90-degree fall day, virtual reality can take students to an ice rink in a Christmas village. 3D ...
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