The losses for Meta’s VR business are increasing every month but they’re not giving up, as they push a new range of Ray-Ban smart glasses.
Not many people want to do this Trying to make Meta Quest a mainstream hit has cost $8.3 billion so far this year, but there’s no sign that Mark Zuckerberg is giving up yet. After Sony slashed the price of the PlayStation VR2 – which they still haven’t announced a new game for since launch – the question of whether virtual reality is ready for the mainstream has once again become a hot issue.
Maybe some ideas are just intrinsically bad? The whole Metaverse concept seems to get mentioned a lot less nowadays too, although there’s no sign that Meta is thinking of giving up on it entirely. If you’re wondering where all that money goes, Meta isn’t very specific but it’s mostly in research and development, where they need to hire top scientists and get through a lot of hardware experiments. AI research also don’t come cheap.
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