Reality Labs chief Andrew Bosworth spoke for the first time this week about the cuts in the VR division and explained Meta's new metaverse course.

Meta's CTO, Andrew Bosworth, acknowledged painful layoffs in Reality Labs, admitting metaverse growth is slower than hoped.

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

When Facebook changed its name to Meta, the entire tech sector looked towards what seemed to be the future of networks, communication, and commerce... until AI arrived. But the metaverse is still ...

Virtual reality was once promised to be the future of not only video games, but social media. Is that future still possible? NPR's Ailsa Chang talks to Vishal Shah, VP of the Metaverse, to find out.

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday. The shift follows reports that Meta ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...

Facebook/Meta’s recent rebranding made headlines around the globe—establishing "the metaverse" in the public's consciousness. Which other companies are currently shaping this new virtual world and ...

While Meta is now throwing billions at AI like all other companies in Silicon Valley, it has not yet abandoned its last great crusade, the idea that it would build an online metaverse, something it ...

Neil Stephenson introduced the metaverse as a concept in his 1992 novel Snow Crash, where he depicted it as a digital realm where users, represented by avatars, engage in a simulated reality.