News

Meta's Reality Labs is burning money. Recent layoffs may be the beginning of the end.
Meta's Reality Labs faced layoffs and $4.2 billion in losses, raising questions about the future of its metaverse ambitions and VR projects.
In a victory for Palmer Luckey, Meta and Anduril work on mixed reality headsets for the military
Anduril and Meta plan to build VR/AR extended reality headsets for the military as part of the the contract that Anduril took ...
MarketWatch1mon
Meta's Reality Labs 'a leaky bucket' as its losses continue to grow
Forrester Research analyst Mike Proulx said in an email that he sees Meta's Reality Labs business as a "leaky bucket," as its losses continue to grow, while revenue declined in the quarter.
The Motley Fool3d
What Does Meta Own?
Meta formed Reality Labs in 2020, combining its VR and AR hardware and software, including Oculus, Portal (discontinued), and Spark AR. Meta is investing heavily in research and development (R&D ...
Meta joins the race to develop augmented reality for the US military, alongside Anduril
Mark Zuckerberg has once again partnered with Palmer Luckey, who designs equipment for the US military. The creator of the ...
Inside Higher Ed2mon
ASU’s Required Virtual Reality Lab Boosted Grades, Retention
Additionally, the research indicates that virtual learning could help ... between fall 2022—when ASU began requiring all STEM majors to take the virtual reality biology labs—and spring 2024. They ...