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Meta CTO: 2025 Make or Break Year for Metaverse
Meta's metaverse ambitions face a decisive year in 2025, with Chief Technology Officer Andrew Bosworth warning employees that the project could become either "a legendary misadventure" or prove visionary, Business Insider is reporting, citing an internal memo. Bosworth called for increased sales and user engagement for Meta's mixed reality products, noting the company plans to launch several AI-powered wearable devices. The tech giant's Reality Labs division, which develops virtual and augmented reality products, reported record revenue of $1.08 billion in the fourth quarter but posted its largest-ever quarterly loss of $4.97 billion. Meta CEO Mark Zuckerberg told staff the company's AI-powered smart glasses, which sold over 1 million units in 2024, marked a "great start" but would not significantly impact the business. The Reality Labs unit has accumulated losses of approximately $60 billion since 2020. Read more of this story at Slashdot.
Meta's metaverse ambitions face a decisive year in 2025, with Chief Technology Officer Andrew Bosworth warning employees that the project could become either "a legendary misadventure" or prove visionary, Business Insider is reporting, citing an internal memo. Bosworth called for increased sales and user engagement for Meta's mixed reality products, noting the company plans to launch several AI-powered wearable devices.
The tech giant's Reality Labs division, which develops virtual and augmented reality products, reported record revenue of $1.08 billion in the fourth quarter but posted its largest-ever quarterly loss of $4.97 billion. Meta CEO Mark Zuckerberg told staff the company's AI-powered smart glasses, which sold over 1 million units in 2024, marked a "great start" but would not significantly impact the business. The Reality Labs unit has accumulated losses of approximately $60 billion since 2020.
Read more of this story at Slashdot.
