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Tag: Reality Labs

Cleo Capital’s Take on Meta: Bullish on AI, Bearish on Metaverse

AI
On 24 April 2024, Meta Platforms Inc (NASDAQ: META) Reported its First Quarter 2024 Results. According to Meta’s press release, Mark Zuckerberg, Meta founder...

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Zuckerberg Reviews Vision Pro, Says Quest 3 ‘So Much Better’

Blockchain
Mark Zuckerberg believes the absence of motion blur on the Meta Quest 3, coupled with its lower price, places his company’s virtual reality headset...

Meta’s Ad Business Is Still Expanding

Blockchain
Meta’s CEO, Mark Zuckerberg, is set to pocket $175 million from the company’s first-ever dividend, benefiting top shareholders too. Mark Zuckerberg surprised everyone last week...

ICYMI: Death Horizon MR, Space Salvage, Ruff Talk Showcase & More

AR/VR
Searching for this week's VR games and hardware news? Here's what you may have missed:To call this VR's biggest week since Rift launched might...

Meta Reality Labs Research Shows Mind-bending AR Capabilities

AR/VR
A project from researchers at Reality Labs, Meta’s XR division, shows a method for interacting with the real-world through augmented reality. I’m about as seasoned...

Journey To Foundation Developer Archiact Confirms Layoffs

AR/VR
Archiact joins a growing list of VR studios undergoing layoffs. Best known for developing DOOM 3: VR Edition and Journey To Foundation, the latter...

The 25 Best Free Meta Quest Games & Apps – Winter 2023

AR/VR
Looking for the best free Quest games and apps? Here are our top recommendations.Four years after the original Oculus Quest headset arrived, the Meta...

Meta scraps its Responsible AI team in latest reshuffle

AI
Meta has disbanded its Responsible AI team and moved staff into other areas of Mark Zuckerberg's empire to focus on generative AI. The Facebook and...

Meta’s Reality Labs Faces a Tough Q3 with $3.7B in Losses

AI
Meta’s third quarter revealed significant financial blows, particularly within its metaverse-focused Reality Labs division. Despite earning $34.1 billion in total revenue, according to their third-quarter...

Non-AI Projects Are Being “de-prioritized” At Meta (but That Probably Doesn’t Include The Metaverse Division…) – CryptoInfoNet

Blockchain
No comfort for those who lost their jobs, but Mark Zuckerberg’s so-called ‘year of efficiency’ appears to be paying dividends as Meta just turned...

Reality Labs Revenue Drops to Lowest Point on Record Ahead of Quest 3 Launch

AR/VR
Meta today announced its third quarter earnings, revealing that revenue of its Reality Labs XR division dropped to its lowest point on...

Reality Labs experiences significant decline in revenue, reaching its lowest point ever, just before the launch of Quest 3.

Zephyrnet
Reality Labs, a leading virtual reality (VR) company, has recently experienced a significant decline in revenue, reaching its lowest point ever. This downturn comes...

Meta Says XR Losses Will Increase Due To Product Development

AR/VR
Meta expects its ongoing "losses" in its Reality Labs division to increase in 2024.Reality Labs is the division of Meta behind Quest headsets, the smart...
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