Meta CTO Andrew Bosworth internally announced a reorg of Reality Labs on Monday.

Meta has confirmed plans for a  new venture that will see the creation of a new department tasked with the development of ...

Meta's chief technology officer, Andrew Bosworth, told employees in an internal post that the company was seeing "massive ...

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.

It wasn’t a small amount. In fact, Reality Labs lost around $17.7 billion throughout the whole year. Meta reported on its Q4 2024 earnings results on its investor relations website this week.

Sources tell the outlet that a newly formed team within Meta’s Reality Labs division will start by working on “humanoid robot hardware” capable of completing household chores. Bloomberg ...

Meta’s Reality Labs division houses its metaverse and XR groups, and some of its AI initiatives. During its Q4 2024 earnings call, Meta revealed that Reality Labs reached a record $1.08 billion ...

Llama is the name of Meta’s main series of AI foundation models, which power a growing suite of generative AI products on the company’s social media platforms. “We believe expanding our portfolio to ...

Meta seems to have set its sight on the next major plunge. If an internal company memo accessed by Reuters is to be believed, the California-based tech conglomerate is setting up a new division as ...

Meta is further restructuring its VR/AR hardware department by creating a new unit focused on developing AI-powered humanoid robots designed to assist with physical household tasks, according to an ...