(Bloomberg/Kurt Wagner) — Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the ...

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Forbes contributors publish independent expert analyses and insights. Cortney is an expert in smartglasses, VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that ...

Meta’s grand metaverse experiment has reached a brutal inflection point. After Reality Labs racked up tens of billions of dollars in losses and wiped out a huge chunk of shareholder value, the company ...

Meta is reportedly restructuring its Reality Labs and Metaverse organizations as it doubles down on the integration of artificial intelligence across its products, according to a Business Insider ...

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday. The shift follows reports that Meta ...

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the next step in the company's evolution as he sought to bring the metaverse to ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...

Though still refocusing on its mobile app, Meta will now continue to support Horizon Worlds' existing VR games as well. Now it seems as though Meta has partially reversed its decision, with CTO Andrew ...

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