Meta reportedly laid off 1,500 people from its Reality Labs division, which is the home of its virtual and augmented reality business. The layoffs amount...
Meta reportedly plans to eliminate 10% of the jobs in its Reality Labs unit. That’s according to a report Monday (Jan. 12) by Bloomberg News,...
Just a few years ago, the metaverse looked like the next platform shift, promising immersive digital worlds where people would live, work and transact at...
Meta executives are reportedly considering cutting as much as 30% of the budget of the company’s metaverse group amid a shift of resources toward artificial...
Meta is establishing a new creative studio in its Reality Labs division and has hired longtime Apple design executive Alan Dye to lead it. Mark...
Meta’s artificial intelligence spending is giving investors unwelcome flashbacks to 2022, Bloomberg reported Wednesday (Nov. 5). The tech giant’s AI efforts are reminiscent of the...
Meta is pouring billions into its biggest artificial intelligence (AI) bet yet. CEO Mark Zuckerberg told analysts in the company’s Q3 earnings call that he...
Remember the metaverse? Two decades into the 21st century, Big Tech’s largest firms suddenly decided to spend hundreds of billions of dollars and countless hours...