Meta Platforms has initiated sweeping workforce reductions across its Reality Labs division, cutting more than 1,000 ...
Meta is pulling back from its once-central virtual reality ambitions, as mounting losses and weakening demand force the ...
AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...
Meta is shifting gears as a bold business venture faces significant challenges.
What failed as consumer hype is reemerging as infrastructure for AI agents, autonomous transactions, and machine-to-machine ...
Several of Meta's VR studios have been affected by the company's metaverse-focused layoffs. The company has shuttered three ...
DUBLIN--(BUSINESS WIRE)--The "Global Metaverse Market (2024 Edition): Analysis By Product (Hardware, Software and Services), By Platform, By End User Industry, By Region, By Country: Market Insights ...
The metaverse trend briefly surged after Facebook rebranded to Meta Platforms in October 2021, fueling industry-wide interest in virtual reality (VR) and its ...
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...
According to MarketsandMarkets™, the global Metaverse Market size is expected to grow from USD 83.9 Billion in 2023 to USD ...
Despite being many, many billions of dollars in debt to the point where it is deleting movies and shows as tax writedowns or to avoid paying residuals, Warner Bros. thinks it’s going to make the ...
The much-hyped metaverse, AR, and blockchain technologies have all gone boom and bust over the last few years—in some cases, more than once. But from that rubble of v1 ideas, we’re witnessing the ...
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