meta reality labs – spatialcomputing.info

Meta Restructures Reality Labs to Better Focus on Ray-Ban Smartglasses and Other Wearables

Reality Labs, Meta’s XR division formed in 2020, is now being reorganized into two distinct groups, ‘Wearables’ and ‘Metaverse’, which reportedly comes along a “relatively small” number of layoffs. As reported by The Verge’s Alex Heath, Meta CTO and head of Reality Labs Andrew ‘Boz’ Bosworth announced the reorg in an internal memo to employees, stating […]

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Road to VR & Scott Hayden

19. Juni 2024

New Reality Labs Research Project Demonstrates Mind-bending AR Capabilities

A project from researchers at Reality Labs, Meta’s XR division, shows a method for interacting with the real-world through augmented reality. I’m about as seasoned as they get when it comes to the XR space. I see research papers all the time that are interesting but ultimately one more step along a predictable path. It’s […]

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Road to VR & Ben Lang

25. Januar 2024

Meta’s XR Revenue Down 39% “due to lower Quest 2 sales,” as Quest 3 & Vision Pro Loom

Quest 3 (left) and Apple Vision Pro (right) | Based on images courtesy Meta, Apple

Meta’s latest quarterly results show its Reality Labs XR division is again reporting an operating loss just south of $4 billion. Now, for its Q2 2023 results, the company says Reality Labs’ revenue was down by 39% due to lower Quest 2 sales, making for the worst quarterly performance in the past two years. Meta […]

Road to VR & Scott Hayden

27. Juli 2023

Meta Reaffirms Commitment to Metaverse Vision, Has No Plans to Slow Billions in Reality Labs Investments

Meta announced its latest quarterly results, revealing that the company’s Reality Labs metaverse division is again reporting a loss of nearly $4 billion. The bright side? Meta’s still investing billions into XR, and it’s not showing any signs of stopping. Meta revealed in its Q1 2023 financial results that its family of apps is now being […]

Road to VR & Scott Hayden

27. April 2023

Meta Reveals VR Headset Prototypes Designed to Make VR ‘Indistinguishable From Reality’

Meta says its ultimate goal with its VR hardware is to make a comfortable, compact headset with visual finality that’s ‘indistinguishable from reality’. Today the company revealed its latest VR headset prototypes which it says represent steps toward that goal. Meta has made it no secret that it’s dumping tens of billions of dollars in […]

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Road to VR & Ben Lang

20. Juni 2022

FTC Sues to Block Meta’s Acquisition of Top VR Fitness App Developer

In 2021 Meta announced its intention to acquire Within, the studio behind popular VR fitness app Supernatural; though neither company announced the deal price, reporting indicated a whopping $400 million price tag which may have caught the attention of the US Federal Trade Commission. Today the FTC moved to formally block the deal in what […]

Road to VR & Ben Lang

17. Dezember 2021

Meta Offered a Glimpse into the XR R&D That’s Costing It Billions

During the Connect 2021 conference last week, Meta Reality Labs’ Chief Scientist, Michael Abrash, offered a high-level overview of some of the R&D that’s behind the company’s multi-billion dollar push into XR and the metaverse. Michael Abrash leads the team at Meta Reality Labs Research which has been tasked with researching technologies that the company […]

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Road to VR & Ben Lang

3. November 2021

Facebook Rebrands as ‘Meta’, Oculus Branding to be Phased Out

Facebook today announced that it’s changing its name to Meta. The rebrand comes as the the company shifts its primary focus toward building the metaverse and the XR products that will support it. The Oculus brand will be phased out, with the Quest product line becoming Meta Quest. Facebook has been increasingly signaling the shift […]

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Road to VR & Ben Lang

29. Oktober 2021