‘We’re going to let VR be what it is’ Meta CTO Andrew Bosworth addresses the major VR layoffs – and teases a new direction for the metaverse
Meta cut about 1,000 jobs in Reality Labs to shift focus from virtual reality to AI infrastructure and smart glasses amid slower VR growth and $70 billion in losses, analysts said.
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6 Articles
Meta’s Reality Labs cuts sparked fears of a ‘VR winter’
In this article META Follow your favorite stocksCREATE FREE ACCOUNTMeta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel OrbegozoManuel Orbegozo | Reuters Meta’s deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses has chilled the industry, leading to concerns about it…
Meta CTO Explains Layoffs & Strategy Shift: "VR Is Growing Less Quickly Than We Hoped"
In a series of interviews at Davos, Meta's CTO explained why the company is reducing its investment in VR.If you somehow missed it: last week Meta shut down three of its acquired VR game studios, conducted significant layoffs at a fourth, canceled the Batman: Arkham Shadow sequel, and announced the shutdown of Horizon Workrooms and its Quest headsets for business offering. These actions came a month after the company officially confirmed "shifti…
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