The latest quarterly earnings report for the Meta company (formerly known as Facebook) has come out ... That included the details on its Reality Labs VR division and how much money it has spent ...

Meta is shaking up Reality Labs and integrating it more closely with its core business. Chief technology officer Andrew Bosworth announced a series of reorgs in a post on Meta's internal forum ...

As the research and development hub behind products like the Oculus Quest headsets and Meta’s AR glasses, Reality Labs aims to create the foundation of the metaverse — a digital ecosystem ...

Reality Labs is the unit responsible for the Meta Quest headset and the Ray-Ban Meta Smart Glasses collaboration. Facebook acquired Oculus in 2014 for $2 billion to kick-start its VR push after ...

Reality Labs, the research arm of social media giant Meta Platforms, bled even more billions over the last quarter, but Meta boss Mark Zuckerberg says 2025 is the year for the metaverse.

Meta's Reality Labs beat nearly all its sales and user targets for 2024, Business Insider has learned. The company's chief technology officer, Andrew Bosworth, announced Reality Labs grew 2024 ...

If an internal company memo accessed by Reuters is to be believed, the California-based tech conglomerate is setting up a new division as part of its Reality Labs unit to develop humanoid robots ...

To put that in perspective, Meta has spent roughly $60 billion on its Reality Labs division since 2019. Now, Meta wants to spend another $5 billion more than that on AI in one-fifth of the time.

In its last quarterly report, the Facebook parent company showed signs of hope for its Reality Labs department, which has suffered an operating loss of over $60 billion since 2020. Although the VR ...

Looking back on social networking stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including ...