All articles tagged with #metaverse
Meta is laying off about 1,500 Reality Labs employees (roughly 10% of the division) and shuttering three VR game studios as it pivots away from the metaverse toward AI wearables; Horizon Worlds remains but scaled back, while the company’s broader metaverse losses and ongoing AI glasses production questions frame the shift.
Meta is cutting jobs as it shifts focus away from metaverse investments toward AI devices, signaling a major restructuring to prioritize AI initiatives in hardware and software.
Meta is cutting about 10% of its Reality Labs division, shuttering three VR studios—Twisted Pixel Games (Marvel’s Deadpool VR), Sanzaru Games (Asgard’s Wrath), and Armature Studio (Resident Evil 4 VR port)—and halting new content for the Supernatural app; Bloomberg reports and The Verge confirms the closures as part of shifting investment from the metaverse toward wearables, with staff layoffs and prior acquisitions noted.
Meta plans to lay off around 10% of its Reality Labs staff this week, with most cuts in the metaverse division, as the company pivots toward AI. CTO Andrew Bosworth has called an in-person meeting billed as the year’s most important, following earlier reports of metaverse budget cuts and a broader shift to AI.
Meta Platforms is cutting more than 1,000 jobs from its Reality Labs division to redirect resources from metaverse/VR toward AI wearables and smartphone features, with Horizon refocused on mobile, ongoing VR investments pared back, and several in-house VR studios slated to close.
Meta's CTO Andrew Bosworth is calling the most important all-hands meeting of the year for Reality Labs, urging in-person attendance amid ongoing financial losses and strategic shifts towards AI, following significant cuts and a focus away from the metaverse.
Investors are wary as Meta continues to invest heavily in AI, reminiscent of past concerns about the metaverse, highlighting ongoing uncertainties in tech investments.
Mark Zuckerberg has appointed a former metaverse executive to enhance Facebook's AI initiatives, signaling a strategic shift towards strengthening AI capabilities within the company.
Xbox president Matt Booty stated that the company's biggest competition is now everything from TikTok to movies, rather than other consoles, as they aim to meet players where they are by moving away from console exclusivity, exemplified by Halo's upcoming release on PS5 and other platforms.
Bored Ape Yacht Club is making a comeback as a metaverse called Otherside, which aims to be an ambitious, interoperable, and gamified virtual world where NFTs serve as avatars, set to launch on November 12th after initial alpha testing and significant funding.
The article explores the early development and immersive experience of Teenage Mutant Ninja Turtles: Empire City in virtual reality, highlighting its detailed sewer lair environment where players can relax, socialize, and explore, emphasizing the game's focus on creating a cozy, family-like space for fans to hang out in VR.
Meta has announced Hyperscape Capture, a new technology that allows users to quickly scan real-world rooms and create photorealistic virtual replicas, enhancing metaverse experiences. The feature is now in Early Access for Quest 3 and Quest 3S users, with plans to expand functionality, including inviting others into these digital spaces. Meta also introduced new VR games and streaming partnerships at its Connect conference.
Meta Connect 2025 is unveiling 'Hypernova,' its first smart glasses with built-in displays, marking a significant upgrade from current models, alongside updates on AI and the metaverse, with live coverage available from the event.
Mark Zuckerberg's Meta continues to invest heavily in the metaverse and augmented reality, including new smart glasses and VR devices, but has yet to see significant mainstream success or return on investment, facing challenges in content development, user adoption, and regulatory concerns.
Meta's CEO Mark Zuckerberg will deliver a keynote at Meta Connect 2025, where he is expected to announce updates on AI, new smart glasses including the first with a screen, and developments in the metaverse. The event can be watched via livestream on Meta's website, Facebook, or Horizon Worlds.