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Meta's metaverse, mixed reality bet continues to bleed billions of dollars

Since its inception in 2020, Meta Reality Labs has lost $45 billion. In the last four years, there have been a few product announcements, some glimpses into the future and then the AI integration.

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BMW and Meta Working on Offering In-Car AR and VR Experiences for Passengers

One of the major automakers exploring the use of extended reality (XR) devices and the integration of the metaverse in vehicles is BMW. The company is co...

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Meta reports better-than-expected results for Q1 but metaverse continues to lose billions

Zuckerberg says Meta has no intention of shifting its focus away from metaverse

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Meta: AR Project Gets Half of Reality Labs' Funds—Metaverse, VR Doomed?

Meta recently revealed that its AR projects get half the operating expenses under Reality Labs. Meta is best known for featuring augmented reality and virtual reality projects from its dedicated department, Reality Labs.

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Meta VR Prototypes Aim to Make VR 'Indistinguishable From Reality'

Meta says its ultimate goal with its VR hardware is to make a comfortable, compact headset with visual finality that’s ‘indistinguishable from reality’. Today the company revealed its latest VR headset prototypes which it says represent steps toward that goal. Meta has made it no secret that it’s dumping tens of billions of dollars in […]

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Meta Reality Labs Lost $3B in Q1 2022—Mark Zuckerberg Still Hopeful for Metaverse

Meta's Reality Labs lost a lot for the company, and Mark Zuckerberg still believes in the metaverse.

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