Meta burned $19 billion on VR last year, and 2026 won’t be any better
Earlier this month, Meta laid off 10% of the staff for Reality Labs, its virtual reality unit, reportedly…
Meta’s Layoffs Leave Supernatural Fitness Users in Mourning
Tencia Benavidez, a Supernatural user who lives in New Mexico, started her VR workouts during the Covid pandemic.…
Well, there goes the metaverse!
Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees…
Asks If He Is Set To Waste Billions More On AI
Economist Dean Baker criticized Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg’s massive bet on the Metaverse, arguing the…
Meta is pausing its dream of sharing Quest’s Horizon OS with third-party headset makers
Meta says that it has paused its program to share Meta Horizon OS, the mixed reality operating system…
Mark Zuckerberg renamed Facebook for the metaverse: 4 years and $70B in losses later, he’s moving on
In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work,…
Meta Plans Budget Cuts for Reality Labs Group As It Doubles Down on AI
Meta is planning budget cuts and considering job cuts as part of that across its metaverse unit, according…
Meta’s Struggling Metaverse Team Told to Work 5 Times Faster With AI
Meta employees still working on the Metaverse are now expected to use AI to supercharge their productivity by…
Meta is bringing AI-powered NPCs to the metaverse
Developers building for Meta’s metaverse platform will soon be able to create AI-powered NPCs for Horizon Worlds. The…