The 30% cut in Meta’s budget for this technology can be seen either as a death sentence for the project or as a natural phase within a long-term strategy ...

Meta confirmed on Thursday that it had let go of an unspecified number of employees in its VR and hardware unit, Reality Labs. The cuts also affected Meta’s virtual reality fitness app, Supernatural.

Meta Platforms Inc. is laying off more than 100 people across its Reality Labs division focused on creating virtual reality and wearable devices, according to a person familiar with the matter. The ...

Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors ...

(Reuters) -Facebook parent Meta Platforms put profit from its virtual-reality platform over safety, two former researchers told a Senate panel on Tuesday. Former Meta user experience researcher Cayce ...

Forget magical virtual worlds. In its quest to broaden the audience for virtual reality, Meta is now embracing much more familiar surroundings: Owners of Meta’s Quest VR headsets will soon be able to ...

Meta Platforms is courting Hollywood in search of exclusive content for a premium virtual- reality headset it plans to release next year. The tech company has spoken with entertainment brands ...

Sarah has been an editor and contributor for Game Rant since 2015. After meeting her first Chocobo, she never looked back. Sarah majored in game design in college and utilizes that knowledge to ...

Forbes contributors publish independent expert analyses and insights. Ray Ravaglia covers education, focusing on technology and innovation. Virtual and mixed reality are transforming how students ...