Meta Platforms (NASDAQ: META) is reportedly laying off 10% of its Reality Labs workforce, highlighting the ongoing challenges within its metaverse division. While the segment has struggled with ...

After years of failing to produce a profitable augmented reality platform, Mark Zuckerberg’s Meta is pounding one of the final nails into the coffin of its metaverse efforts — the ones that were once ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Meta has announced the discontinuation of its Quest for Business program, intended to bring ...

When Meta announced capital expenditure projections last year, the company made it known that it planned to spend big to build out capacity for its AI business. “We expect that developing leading AI ...

Jan 12 (Reuters) - Meta (META.O), opens new tab has announced its "Meta Compute" initiative to build artificial intelligence infrastructure and oversee the social media company's global fleet of data ...

Meta has landed one of Wall Street’s most connected dealmakers. Dina Powell McCormick, the former Goldman Sachs executive with deep ties to large pools of capital, and leaders around the world, who ...

Wikimedia announced deals with Amazon, Meta, Microsoft, Mistral AI and Perplexity. The partnership will allow the companies access to Wikipedia's API in developing LLMs. Google was one of Wikimedia ...

Meta Inc. is beginning to cut 10% of employees, or more than 1,000 jobs, from its Reality Labs division as it shifts its investment away from metaverse products. "We said last month that we were ...

Meta is eliminating more than 1,000 jobs in its Reality Labs unit, which works on virtual reality. Meta began notifying affected workers about layoffs starting on Tuesday morning. According to a Meta ...

Microsoft and Meta have teamed up to release a limited-edition Xbox-branded version of the Meta Quest 3S. The virtual reality headset comes with 128GB of built-in storage and a custom “carbon black ...

Meta Platforms, Inc. remains a Buy despite the recent 20% pullback and concerns over heavy capex spending. FY25 capex guidance was raised to $70–$72 billion, with even larger dollar growth expected in ...

Meta Platforms META10.40%increase; green up pointing triangle has laid off roughly 10% of staff, about 1,500 people, from its Reality Labs division, the unit that houses its virtual and augmented ...