meta reality

Meta is going ahead with metaverse plans despite Reality Labs losing billions – Times of India

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Meta is going ahead with metaverse plans despite Reality Labs losing billions – Times of India

Meta founder and CEO Mark Zuckerberg said that the Facebook-parent company will launch the next-generation consumer headset “later this year” and it will feature better mixed reality (MR) technology. The development comes as Meta announced that its Reality Labs division lost $13.7 billion on virtual reality (VR) and augmented reality (AR) in 2022.“Later this year, … Read more

Meta Reality Labs puts ‘about half’ of operating expenses into AR – Times of India

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Meta Reality Labs puts ‘about half’ of operating expenses into AR – Times of India

Meta is directing “about half” of its Reality Labs‘ operating expenses toward augmented reality (AR) and is committed to its vision for the future.As shown in the company’s quarter 3 (Q3) results, about 80 percent of Meta’s total investments support the core business, and the remaining 20 percent goes to Reality Labs, Andrew Bosworth, Meta’s … Read more