Metaverse

Meta’s AI Investments Ramp Up as Reality Labs Loses Billions 
Meta’s AI Investments Ramp Up as Reality Labs Loses Billions 
October 25, 2023  |  Meta

Artificial intelligence (AI) is the focal point in the year ahead for Facebook’s parent company Meta Platforms. “In terms of investment priorities,” CEO Mark Zuckerberg...

READ MORE >
Report: Meta to Lay Off Employees in Reality Labs Division
Report: Meta to Lay Off Employees in Reality Labs Division
October 03, 2023  |  Meta

In a move that could hinder Meta’s metaverse ambitions, the parent company of Facebook is reportedly planning to lay off employees in its Reality Labs...

READ MORE >
Walmart Debuts Virtual Experience on Roblox to Spotlight Community Creators
Walmart Debuts Virtual Experience on Roblox to Spotlight Community Creators
September 26, 2023  |  Metaverse

Walmart launched a new virtual experience on the online gaming platform Roblox. Walmart Discovered lets users ages 13 and older discover virtual items and creators,...

READ MORE >
UK Parliament OKs Online Safety Bill and Metaverse Protections
UK Parliament OKs Online Safety Bill and Metaverse Protections
September 20, 2023  |  Legal

The United Kingdom has passed its Online Safety Bill, and with it, new metaverse protections. The long-discussed bill concluded its final Parliamentary debate Tuesday (Sept....

READ MORE >
Retailers Hope to Hit Metaverse Spending With Real Products
Retailers Hope to Hit Metaverse Spending With Real Products
August 18, 2023  |  Metaverse

Even though the media has shifted its focus away from the metaverse, consumers’ interaction with the virtual realm is far from over. At least that’s...

READ MORE >
Meta Plans Second Smart Glasses Generation as First One Flounders
Meta Plans Second Smart Glasses Generation as First One Flounders
August 03, 2023  |  Meta

Last month, Meta CEO Mark Zuckerberg said he was still optimistic about the metaverse. Consumers, however, seem less enthusiastic about the devices designed to serve...

READ MORE >
Zuckerberg: Meta Still ‘Fully Committed’ to Metaverse
Zuckerberg: Meta Still ‘Fully Committed’ to Metaverse
July 27, 2023  |  Meta

Meta’s metaverse plans are still on track, according to the company’s CEO. “Our investments in AI continue. We remain fully committed to the Metaverse vision as...

READ MORE >
Zuckerberg Sees Three AI Categories Driving Meta’s Growth 
Zuckerberg Sees Three AI Categories Driving Meta’s Growth 
July 27, 2023  |  Meta

Meta’s investments in tomorrow are running up tens of billions in losses today. But while the tech giant’s Reality Labs segment, responsible for the metaverse...

READ MORE >
Futureverse Raises $54 Million in Funding to Build Metaverse Platform
Futureverse Raises $54 Million in Funding to Build Metaverse Platform
July 18, 2023  |  Metaverse

Futureverse has raised $54 million in a Series A funding round to scale its platform that will enable developers and users to create and engage...

READ MORE >