Meta is shaking up Reality Labs and integrating it more closely with its core business. Chief technology officer Andrew Bosworth announced a series of reorgs in a post on Meta's internal forum ...

After splitting Reality Labs into “Wearables” and “Metaverse” divisionsthis past summer, Meta is further restructuring its virtual reality/augmented reality (VR/AR) hardware department by ...

Meta's Reality Labs beat nearly all its sales and user targets for 2024, Business Insider has learned. The company's chief technology officer, Andrew Bosworth, announced Reality Labs grew 2024 ...

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.

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 ...

Meta's Reality Labs division achieved a significant milestone in Q4 2024, generating $1.1 billion in sales, primarily driven by the success of the Meta Quest 3 headset. This impressive figure ...

Reality Labs has been viewed as a money sink for the company, with Meta’s investments in its next-level projects exceeding $50 billion over the past four years. But Meta’s view is that this is ...

Meta's Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter. Meta CEO Mark Zuckerberg kick-started his company's virtual ...

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 ...