Meta's efforts to create the digital worlds known as the metaverse continue to be costly.

Meta plans to significantly increase its AI spending this year. What does that mean for investors? Should they be worried?

This past week, a frenzy of news posts and analyst critiques focused on Meta's "deep cuts" across its Metaverse division. This new division of Reality Labs, launched just one month ago, was created to ...

Lowpass newsletter. “It is a pretty rough time for the game industry.” Meta Reality Labs director of games Chris Pruett did not mince words when he returned to GDC for his annual talk on the state of ...

But where will all the legless avatars go?

Following reported plans to slash 30% of spending in its metaverse and wearables division, Meta has announced another round of Reality Labs job cuts, showcasing its increased investment in artificial ...

Meta's Chief Technology Officer and head of Reality Labs, Andrew Bosworth, has called an all-hands meeting for January 14, describing it as the "most important" of the year. Bosworth is also strongly ...

Meta (META) is reportedly cutting at least 10% of its metaverse staff as it continues to shift resources to developing artificial intelligence capabilities, according to sources cited by The New York ...

Meta continues to sink money into the metaverse, anchored by virtual reality and augmented reality technologies. The company reported a third-quarter loss for the business on Wednesday of $4.4 billion ...

Meta's Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money. Stream Los Angeles News for free, 24/7, wherever you are. The social media company reported its ...