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Meta’s metaverse leaves virtual reality
Meta is shifting its metaverse strategy beyond virtual reality, focusing on AI, mixed reality, and social platforms as it redefines long-term growth.
4 articles
Meta is shifting its metaverse strategy beyond virtual reality, focusing on AI, mixed reality, and social platforms as it redefines long-term growth.
Meta’s virtual reality division, Reality Labs, posted losses of more than $19 billion last year, exceeding the unit’s losses from the year before. Despite layoffs and studio closures, the…
Meta is winding down its metaverse ambitions after years of heavy investment, layoffs at Reality Labs, and declining consumer demand for virtual reality, as the company shifts focus toward…
Meta is reportedly cutting about 10% of its Reality Labs workforce as it shifts resources from VR and the metaverse toward AI and AR.
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