We said last month that we were,” opened a Meta spokesperson this January, and those seven words have rattled the AR world. The line accompanied ...

Euro watchdog says Zuckcorp blocked rival AI assistants in WhatsApp – weighs emergency action to force 'em back in ...

Meta has announced a significant increase in capital expenditure to bolster its AI infrastructure, aiming for superintelligence. The firm, parent to Facebook and Instagram, is reducing staff in its ...

Facebook parent company Meta has once again posted disappointing results for its metaverse-focused Reality Labs division, with little in the way of revenue compared to the mounting operational losses ...

MOBILE, Ala. (WALA) - Meta is significantly reducing its investment in virtual reality, laying off approximately 1,500 employees from its Reality Labs division and shutting down several VR studios.

Meta has begun cutting more than 1,000 roles in Reality Labs, and the fallout is landing on the teams that made some of VR’s biggest-name games. Meta is also shifting money and attention away from the ...

Meta is implementing a significant strategic shift, applying the brakes to its loss-making metaverse ambitions to refocus squarely on artificial intelligence and wearable technology. This corporate ...

Meta’s long-running metaverse ambitions appear to be facing yet another reality check. According to a report from The New York Times (via The Verge), Meta is expected to lay off roughly 10 percent of ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on building artificial intelligence. By Mike Isaac and Eli Tan Reporting from ...