Facebook burned $73bn and changed its name to "Meta" trying to make virtual reality take off, and its fortunes only recovered after pivoting into the AI boom. But the dream is not dead, despite ...

Mentions of the "metaverse" were relatively few and far between in Meta's quarterly earnings call this week — we counted a mere seven mentions compared to 23 for "AI" — but the company's investment ...

The memo, said to be issued by Metaverse leaders Gabriel Aul and Ryan Cairns, outlined plans to adjust pricing and extend the ...

Meta is planning to raise prices for its VR devices, citing tariffs and a shift to sustainable business models for long-term ...

Meta is in the midst of a company-wide shakeup, pulling back from metaverse-focused projects to fund AI glasses and wearable ...

Some VR games are also doing exceedingly well. Casual free-to-play game Gorilla Tag surpassed one million daily active users, ...

Meta published its third quarter earnings today, and has recorded a loss of $4.4 billion in its AR/VR Reality Labs division. This is the third reported loss of the year in this segment, with Reality ...

Meta has indefinitely paused its "GTA San Andreas VR" project as financial losses in its VR division continue to grow. Meta’s VR division, Reality Labs, is reportedly hemorrhaging money, with losses ...

Meta's Reality Labs division lost $3.7 billion in the third quarter. Meta's recent earnings, posted Wednesday, shows its VR and metaverse push is still bleeding money. Meta said Reality Labs' revenue ...

Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well ...

In an effort to further expand its software platform, Meta is restructuring Reality Labs by merging all its virtual-reality teams into two divisions -- one focused on the Quest VR headset line and ...

(TNS) — Imagination is being unlocked in the new Verizon Innovative Learning labs at Mater Academy. On a 90-degree fall day, virtual reality can take students to an ice rink in a Christmas village. 3D ...