AI investments echo its metaverse-era spending with high costs and vague returns. Analysts highlight risks, drawing parallels ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More When Meta recently laid off more than 11,000 employees in Nov 2022, then ...

On Meta's third-quarter earnings call, "compute," "capacity," and "novel" were the words of the night. "Metaverse" was not mentioned once.

Meta earns revenue by selling ad space on platforms like Facebook and Instagram and is expanding into the metaverse with virtual reality products.

In a recent interview with Meta’s current CTO Andrew Bosworth on his “Boz to the Future” podcast, Carmack said that although he’s still quite “bullish” on virtual reality itself, he thinks his ...

Meta CEO Mark Zuckerberg apparently lost a flabbergasting $14 billion — yes, that’s a”billion” with a “b” — dollars last year on his metaverse moonshot. Comparatively, the Reality Labs division only ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...

Mark Zuckerberg and Facebook have subtly relegated the Metaverse to the strategic back seat. The company has exhibited a welcome emphasis on cost discipline and a bloated headcount. Several valuation ...

MENLO PARK, Calif. -- For those who don't think Zoom meetings are a good enough substitute for the real thing, Facebook has another idea: a virtual reality app that lets you and your coworkers feel ...

To begin, there’s no universally accepted definition for the term. Some think of it as an enhanced successor to the current version of the internet—a new frontier for online interaction blending the ...

Meta is just one company that has embraced the future of virtual reality. Facebook's announcement in October that it was further embracing the metaverse and rebranding itself as Meta set off a ...