Meta reconfirms its commitment to the metaverse
Meta will put 20 percent of its total spending toward Reality Labs in 2023, with half of that going directly toward augmented reality (AR) initiatives..
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Meta will put 20 percent of its total spending toward Reality Labs in 2023, with half of that going directly toward augmented reality (AR) initiatives..
Meta is still making a push into building the metaverse - committing to devote 20% of its costs to the effort at Reality Labs - despite its stock price dropping 60% and a top executive departing.
'Meta remains as committed to our vision for the future as we were on the day we announced it,' wrote one top official at the company, amid ongoing questions about its metaverse plans.
A prominent video game creator who helped lead Facebook’s expansion into virtual reality has resigned from the social networking service’s corporate
John Carmack has been keenly involved in the VR space for a decade at this point, having joined Oculus before its sale to Facebook, and remaining on as CTO as the company transitioned to Meta. Carmack has been outspoken in his criticisms of the company previously and now, he is officially stepping down. Carmack announced …