The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to ...

Meta Platforms has initiated sweeping workforce reductions across its Reality Labs division, cutting more than 1,000 ...

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Meta, which is to say Facebook, laid off 1,500 or so employees from its Reality Labs division. A vast pool of talent wasted on Mark Zuckerberg's bet on virtual reality, it draws down a project that ...

Neil Stephenson introduced the metaverse as a concept in his 1992 novel Snow Crash, where he depicted it as a digital realm where users, represented by avatars, engage in a simulated reality.

View post: These $10 Outdoor Faucet Protectors From Amazon Install in Seconds and Could Save You Thousands This Winter Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is ...

According to McKinsey & Company, the metaverse is the emerging 3-D-enabled digital space that uses virtual reality, augmented reality, and other advanced internet and semiconductor technology to allow ...

Meta will also close three VR development studios as part of the cuts: Resident Evil 4 VR developer Armature Studios, ...

The namesake metaverse is not the future of Meta Platforms after all. Now AI and wearables are supposed to drive the stock.