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

Quest 3 Pushed Meta Reality Labs to Record Revenue in Q4, But Also Record Costs

Meta CEO Mark Zuckerberg wearing Quest 3 | Image courtesy Meta

Meta today announced its fourth quarter earnings for 2023, revealing how Reality Labs has fared during the holiday season. It’s been a banner quarter for Meta’s XR division, with Reality Labs posting record revenue numbers, but also record costs. During its Q4 earnings call, Meta revealed its XR division had crossed over $1 billion in […]

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Road to VR & Scott Hayden

1. Februar 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 Reality Labs Latest Revenue & Operating Cost Figures Aren’t Going to Make Investors Happy

In Meta’s most recent quarterly earnings call the company shared the latest revenue figures of Reality Labs, the company’s XR division. In the third quarter of the year the division hit new milestones… unfortunately not the kind investors like to see. Meta has been clear about its plan to spend aggressively on its XR initiatives […]

Road to VR & Ben Lang

26. Oktober 2022

Meta Releases Connect 2022 Schedule, Featuring Zuckerberg Keynote, John Carmack Talk & Dev Sessions

Meta Connect, the company’s annual XR developer conference, is going all-digital again this year and it promises to share updates that look into the “near and far future” of the company. While there’s still a little over two weeks to go, now the company has published the livestream session schedules, giving us a better idea […]

Road to VR & Scott Hayden

6. September 2022

Meta Says New Prototype Will Put Its Cutting-edge R&D in a Market-viable Headset

Back in June Meta revealed its latest XR R&D efforts through a handful of different prototypes designed to prove out various concepts. The next step, the company says, is to bring it all together into a single package that could one day reach real users. If you spend time keeping up with the latest XR […]

Road to VR & Ben Lang

2. August 2022

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

Prototype Meta Headset Includes Custom Silicon for Photorealistic Avatars on Standalone

Researchers at Meta Reality Labs have created a prototype VR headset with a custom-built accelerator chip specially designed to handle AI processing to make it possible to render the company’s photorealistic Codec Avatars on a standalone headset. Long before the company changed its name, Meta has been working on its Codec Avatars project which aims […]

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Road to VR & Ben Lang

4. Mai 2022