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Reality Labs
since
auto-detected in 15 stories
46 days ago
In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.
81 days ago
Meta cutting several hundred jobs across Reality Labs, Facebook and other departments ○
The layoffs come as Meta has been refocusing its efforts and pouring billions of dollars into AI.
88 days ago
Meta is shutting down VR social platform Horizon Worlds in further pivot away from the metaverse ⊕
Meta is scaling back its metaverse focus, cutting studios and headcount at Reality Labs to prioritize artificial intelligence.
4 months ago
Meta’s Reality Labs posts $6.02 billion loss in fourth quarter ⊖
Meta’s Reality Labs posts $6.02 billion loss in fourth quarter.
Meta's Reality Labs cuts sparked fears of a 'VR winter' ⊕
Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised concerns about the future of the industry.
Meta's VR layoffs, studio closures underscore Zuckerberg's massive pivot to AI ⊕
Meta began laying off employees in its Reality Labs division focused on virtual reality and shut down several VR studios as it pushes resources towards AI.
7 months ago
Meta’s Reality Labs posts $4.4 billion loss in third quarter ⊖
The Reality Labs business, focused on virtual and augmented reality, lost $4.4 billion loss in third quarter while recording $470 million in sales.
10 months ago
Meta’s Reality Labs posts $4.53 billion loss in second quarter ○
Meta’s Reality Labs posts $4.53 billion loss in second quarter
12 months ago
Meta makes a big move into defense. Here's how it could start to matter for investors ○
The social media giant's partnership with Anduril could help narrow losses in its Reality Labs division over time.
13 months ago
Meta’s Reality Labs posts $4.2 billion loss in first quarter ○
Meta’s Reality Labs posts $4.2 billion loss in first quarter