CEO Mark Zuckerberg's massive bet on the Metaverse, arguing the roughly $77 billion spent on the project represents not just ...

Horizon OS was designed to deliver “mixed reality experiences,” and to communicate “social presence” through technologies ...

Meta's recent actions have given rise to speculation that the company is moving away from the metaverse. To validate this claim, it is important to understand the dynamics behind the metaverse and ...

Meta has shifted away from pitching the metaverse to advertisers, The Information reported. In pitch meetings, the company has reportedly been prioritizing Reels and AI tools. The move comes as the ...

The 30% cut in Meta’s budget for this technology can be seen either as a death sentence for the project or as a natural phase within a long-term strategy ...

Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors brace for another costly gamble?

Meta’s Connect keynote felt different this year, and not just because it marked the return of an in-person event. It’s been nearly two years since Mark Zuckerberg used Connect to announce that ...

Meta has struggled to compete with industry-leading AI labs like OpenAI and Anthropic. Here's how its acquisition of Chinese ...

Maria Gracia Santillana is a NYC-based careers reporter. Meta handily beat Wall Street’s expectations for its Q2 results, but there was no joy in its metaverse division, which posted a ...

Meta's metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023. Its second-quarter 2023 ...

Hardware teams at Meta's Reality Labs were asked to trim spending by almost 20% into 2026, The Information reported.

Meta is doubling down on practical AI with Manus, but the upside depends on monetization arriving before spending peaks.