Reality Comes to Meta’s Reality Labs
Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his augmented reality and virtual reality teams.As Meta ramps up its spending on artificial intelligence, company executives have started turning a more skeptical eye on its Reality Labs division, home of AR, VR and Zuckerberg’s former pet project, the metaverse. As a result, Reality Labs’ hardware teams have been asked to cut spending by almost 20% between this year and 2026, a former Reality Labs manager said,...
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