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Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024
Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”
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Meta Plans Oakley-Branded Glasses, Explores Watches and Earbuds
Meta is working on upgrade its popular smart glasses and is exploring new wearable devices such as watches and camera-equipped earbuds. Meta’s devices group, Reality Labs, also plans to release new high-end glasses with a built-in display in 2025.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
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Meta Lays Off Employees Across Units, At WhatsApp And Instagram: Report
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
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Meta Considers New Mixed Reality Glasses as Headsets Alternative: Report
Internally code-named "Puffin", the new project is focused on designing an alternative to the heavy headsets offered by Facebook's parent company, which have a limited consumer appeal, the report added.
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Meta Cancels Plans for High-End Mixed-Reality Headset to Rival Apple Vision Pro: Report
Meta has scrapped its plans for a high-end mixed-reality headset, that could have rivalledd Apple's Vision Pro spatial computer, as reported by The Information. Employees in the Reality Labs division, which has incurred millions in losses to date, were instructed to halt their work on the project this week following a product review meeting, accord...
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Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
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Meta Restructures Reality Labs Team, Forms Two Separate Divisions for Metaverse, Wearables: Report
Meta has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets whereas the other will dedicate its time on hardware wearables.
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Privacy, Wearables, and Building a Secure Web3 Ecosystem: Interview With Mai Labs
Mai Labs recently launched Mayaaverse, a metaverse platform that aims to set itself apart from Meta’s Reality Labs initiative. Gadgets360 spoke with Ashish Minocha, the Chief Business Officer as well as Khoushik Ananth, the Chief Technology Officer of Mai Labs to discuss the potential of the Web3 sector and metaverse platforms.
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Meta Reveals Big Plans for Its Horizon OS, Will Expand It to Third-Party Mixed-Reality Headset Makers
Meta announced the expansion of the operating system for its mixed-reality headset lineup to third-party device manufacturers and brands on Monday. The Horizon OS powers the augmented reality (AR) and virtual reality (VR) experiences on the Meta Quest series so far, but now other companies can also use the OS for their headsets and similar devices.
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Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.
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JP Morgan Looking Forward to Testing ‘Immersive Training Applications’ of Metaverse
International banks are excited to use the metaverse technology to provide in-office training in an immersive virtual reality ecosystem. Along with JP Morgan, Citi Bank is also running a virtual reality internship experience. This lets the trainers provide feedback in real time.
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"Terrifying": Ex-Meta Employee Struggles To Find Job 200 Days After Being Laid Off
The company has slashed around 21,000 jobs since November 2022 as it has sought to reassure investors that it was reining in costs amid waning revenue growth, high inflation and concerns that Reality Labs was losing too much money.
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Meta To Lay Off Staff In Reality Labs Silicon Unit Today: Report
Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on Tuesday.
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Mark Zuckerbergs Metaverse Lost $21 Billion On Reality Labs In Roughly 18 Months
Reality Labs, the creation of Mark Zuckerberg, appears to be suffering some serious difficulties with a large loss of $21 billion in a very brief period of 18 months.
-
Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024
Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”
-
Meta Plans Oakley-Branded Glasses, Explores Watches and Earbuds
Meta is working on upgrade its popular smart glasses and is exploring new wearable devices such as watches and camera-equipped earbuds. Meta’s devices group, Reality Labs, also plans to release new high-end glasses with a built-in display in 2025.
-
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Meta Lays Off Employees Across Units, At WhatsApp And Instagram: Report
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
-
Meta Considers New Mixed Reality Glasses as Headsets Alternative: Report
Internally code-named "Puffin", the new project is focused on designing an alternative to the heavy headsets offered by Facebook's parent company, which have a limited consumer appeal, the report added.
-
Meta Cancels Plans for High-End Mixed-Reality Headset to Rival Apple Vision Pro: Report
Meta has scrapped its plans for a high-end mixed-reality headset, that could have rivalledd Apple's Vision Pro spatial computer, as reported by The Information. Employees in the Reality Labs division, which has incurred millions in losses to date, were instructed to halt their work on the project this week following a product review meeting, accord...
-
Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
-
Meta Restructures Reality Labs Team, Forms Two Separate Divisions for Metaverse, Wearables: Report
Meta has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets whereas the other will dedicate its time on hardware wearables.
-
Privacy, Wearables, and Building a Secure Web3 Ecosystem: Interview With Mai Labs
Mai Labs recently launched Mayaaverse, a metaverse platform that aims to set itself apart from Meta’s Reality Labs initiative. Gadgets360 spoke with Ashish Minocha, the Chief Business Officer as well as Khoushik Ananth, the Chief Technology Officer of Mai Labs to discuss the potential of the Web3 sector and metaverse platforms.
-
Meta Reveals Big Plans for Its Horizon OS, Will Expand It to Third-Party Mixed-Reality Headset Makers
Meta announced the expansion of the operating system for its mixed-reality headset lineup to third-party device manufacturers and brands on Monday. The Horizon OS powers the augmented reality (AR) and virtual reality (VR) experiences on the Meta Quest series so far, but now other companies can also use the OS for their headsets and similar devices.
-
Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.
-
JP Morgan Looking Forward to Testing ‘Immersive Training Applications’ of Metaverse
International banks are excited to use the metaverse technology to provide in-office training in an immersive virtual reality ecosystem. Along with JP Morgan, Citi Bank is also running a virtual reality internship experience. This lets the trainers provide feedback in real time.
-
"Terrifying": Ex-Meta Employee Struggles To Find Job 200 Days After Being Laid Off
The company has slashed around 21,000 jobs since November 2022 as it has sought to reassure investors that it was reining in costs amid waning revenue growth, high inflation and concerns that Reality Labs was losing too much money.
-
Meta To Lay Off Staff In Reality Labs Silicon Unit Today: Report
Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on Tuesday.
-
Mark Zuckerbergs Metaverse Lost $21 Billion On Reality Labs In Roughly 18 Months
Reality Labs, the creation of Mark Zuckerberg, appears to be suffering some serious difficulties with a large loss of $21 billion in a very brief period of 18 months.
