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 ...

Oculus founder Palmer Luckey said Meta's VR cuts targeted subsidized game studios that were crowding out developers and ...

The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...

Meta has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel as part of its metaverse layoffs.

Meta has laid off nearly 1,500 employees from its Reality Labs division as it pivots away from metaverse investments and ...

Luckey founded Oculus and sold it to Facebook for $2 billion in 2014. He wants the metaverse to be built, but says Facebook's current product Horizon is "not good." Still, Luckey sees the possibility ...

AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...

TORONTO, ON and BRIDGETOWN, BARBADOS / ACCESSWIRE / February 16, 2022 / Oasis Digital Studios Limited ("Oasis"), a wholly owned subsidiary of Liquid Avatar Technologies Inc.

Wait, no more virtual sitting in a virtual chair, chatting with virtual people with a VR headset on, for hours? Bummer.

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...

In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the ...