Wall Street investors are reportedly uneasy about Meta’s multi-billion-dollar artificial intelligence (AI) plans. The company’s stock fell 15% in early trading Thursday (April 25), Bloomberg News reported, despite CEO Mark Zuckerberg’s efforts to reassure investors as the tech giant released its quarterly earnings. “For all Meta’s bold AI plans,...
If anyone had any doubts about Meta’s long-term commitment to artificial intelligence (AI), they were erased in the first minute of the company’s earnings call on Wednesday (April 24). While analysts were waiting to hear about the return on investment in the technology would bring, CEO Mark Zuckerberg made it...
Teamwork makes the dream work. And when the dream is an interoperable virtual reality (VR) world based on a proprietary operating system (OS), you are going to need a big team. This, as on Monday (April 22) Meta announced it would be opening the operating system, Horizon...
Meta’s Reality Labs division is now 10 years old. And in the past five years alone, since 2019, the division — which is responsible for Meta’s metaverse, mixed reality (MR), augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) initiatives — has lost the...
January 31, 2024
As technology advances, the metaverse is growing, offering immersive experiences, social connectivity, and economic opportunities. Embracing the same sentiment, Spanish retailer Mango has entered the realm of Roblox, solidifying its dedication to innovation and the development of an ecosystem that provides customers with experiences, products, and services across physical, digital and virtual domains. “As a […]
July 27, 2023
Meta’s investments in tomorrow are running up tens of billions in losses today. But while the tech giant’s Reality Labs segment, responsible for the metaverse and other longshot bets, has...
June 22, 2023
Cost of entry is just one barrier as consumers continue to express interest in alternate reality platforms. First, it seemed like Google’s glasses would be the next big tech breakthrough, given...
June 05, 2023
Apple’s foray into the mixed-reality world is official. And the reality beyond the announcement? Well, it may be, mixed. Past may be prologue, and the prologue is the HomePod —...
April 25, 2024
Wall Street investors are reportedly uneasy about Meta’s multi-billion-dollar artificial intelligence (AI) plans. The company’s stock fell 15% in early trading Thursday (April 25), Bloomberg News reported, despite CEO Mark Zuckerberg’s efforts to reassure investors as the tech giant released its quarterly earnings. “For all Meta’s bold AI plans, it can’t afford to take its eye off the nucleus […]
February 14, 2024
Branded payments provider Blackhawk Network is expanding its digital gift card offerings via partnership with Roblox. The partnership will offer digital gift cards on digital gaming platform Roblox’s gift card site in the local currencies...
December 12, 2023
Payments services provider Worldline is expanding its virtual shopping program. The French company announced Tuesday (Dec. 12) the launch of the Worldline Metaverse Shopping Hub within the Spatial platform, an...
October 03, 2023
In a move that could hinder Meta’s metaverse ambitions, the parent company of Facebook is reportedly planning to lay off employees in its Reality Labs division on Wednesday (Oct. 4)....
