Dive into the tech & future
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
Facebook-parent company Meta is not giving up on metaverse despite losing billions on the project and facing charges by competition regulators. Recently, the Federal Trade Commission (FTC) filed a complaint to block the company from acquiring virtual reality studio Within. As a result, the company has now delayed the acquisition amid VR antitrust claims.As per … Read more
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