The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...
Meta has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel as part of its metaverse layoffs.
Meta Platforms Inc. is laying off more than 1,000 employees, or roughly 10% of its Reality Labs division, as the tech giant ...
University of Washington professor Pedro Domingos criticized Meta CEO Mark Zuckerberg's timing for key technologies. Domingos ...
Meta has closed several of its VR studios, according to developers who have announced they have been laid off. The New York ...
AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...
Luckey founded Oculus and sold it to Facebook for $2 billion in 2014. He wants the metaverse to be built, but says Facebook's current product Horizon is "not good." Still, Luckey sees the possibility ...
The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on ...
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Meta slashes 1,000+ VR jobs, shuts studios as $70B metaverse dream crumbles
More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...
In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the ...
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