Mark Zuckerberg’s Reality Labs division has lost $40 billion since 2021, but that won’t stop Meta from plowing even more money into the project. The revelations came with the release of Meta’s second-quarter results for 2023. The end of the
Businesses are investing billions into metaverse-related projects thanks to their ability to optimize operations, but a recent study published in the peer-reviewed journal, Energy & Environmental Science, shows that the metaverse might also help to reduce carbon emissions. According to
Apple’s new product, Vision Pro, is going to be a flop, claims Billy Markus, the creator of Dogecoin. The first trillion-dollar company unveiled one of the most anticipated headsets, which combines virtual and augmented reality for $3,499. Apple has introduced
Employees working on Meta’s metaverse project are reportedly not as enthusiastic about using the company’s virtual reality (VR) headsets for work meetings, or anything else, Bloomberg reports, citing 11 current and former employees. The workers, who refused to be named,
Mark Zuckerberg has announced the new Meta Quest 3 virtual reality (VR) and mixed reality (MR) headset. The new version of the Quest will feature a higher-resolution display, a faster processor, and improved tracking, the Meta founder and CEO claimed.
The metaverse gaming market is estimated to encompass $22.7 billion in 2023 and projected to reach $119.2 billion by 2028, according to a recent report from ReportLinker. The metaverse has been a hot cake in the tech industry in recent
Countless obituaries have been written about the metaverse, but not everyone is reading from the same page. This week, 120-year old American cosmetics brand Elizabeth Arden launched its first virtual store in the metaverse. The store’s opening signals the growing
The Chinese metaverse is no fun. Under the strict supervision of government officials, the virtual world is relentlessly focused on industry and healthcare. In fact, the Chinese Communist Party (CCP) has even gone as far as to issue a state-backed
The Economic Ministry of France has published a metaverse consultation, seeking input from the public about “immersive virtual worlds of tomorrow.” Featuring seven questions, the questionnaire seeks to gain a better understanding of user perceptions around expanding digital realms like
Kids’ favorites Lego and Thunderbirds are set to join the metaverse, having recently signed partnership deals with Epic Games and Sandbox respectively. At the same time, collectibles game Pokémon is seeking an expert in blockchain, NFTs, and the metaverse to
A British inventor who helped develop early building information modelling (BIM) applications has spoken of his belief that AI could design the buildings of the future. Dr. Jonathan Ingram, who pioneered 3D building design software applications like Sonata and Reflex
Meta Platforms Inc. (META), owners of Facebook, Instagram, Messenger, WhatsApp, Horizon Worlds, Mapillary, and Workplace has reduced the cost of its Quest Virtual Reality (VR) headset to attract more customers in the growing VR sector. Meta has consistently been named among the
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