Virtual Reality Industry News
A collection of Virtual Reality latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Promising Virtual Reality Stocks To Consider - December 4th
Battle of the Big-Upside Tech Names: HUBS vs. NBIS vs. TEAM Meta Platforms, zSpace, and The Glimpse Group are the three Virtual Reality stocks to watch today, according to MarketBeat's stock screener tool. Virtual reality stocks are shares of…
Meta Weighs Cuts to Its Metaverse Unit
Meta is considering making cuts to a division in its Reality Labs unit that works on the so-called metaverse, said three employees with knowledge of the matter. The cuts could come as soon as next month and amount to 10 to 30 percent of employees…
Meta Shares Rise On Reports Of Metaverse Pullback
Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future of virtual communication. Meta platforms are…
Meta pivots to AI smart glasses as metaverse bet struggles - BBC News
Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the 'momentum' in that segment, a company spokesperson has said. Over recent years, Meta has poured billions of dollars to build the…
Spotlight shines on humanoid robots at Tokyo show
Robots equipped with cutting-edge technologies that perform duties on behalf of humans at workplaces and disaster-hit sites are on display at the 2025 International Robot Exhibition in Tokyo. At the exhibition, which kicked off at Tokyo Big Sight…
Requiem For The Metaverse: On Meta's Missed Opportunity
The cover of the Davos-focused special issue of Time Magazine, 2023. In January of 2023, I got off a train in Davos, Switzerland, to speak about and help launch a program called Whose Metaverse. Within five minutes of arriving at my hotel, someone…
Meta reportedly plans to slash Metaverse budget by up to 30%
Meta may be planning to make serious cuts to its Metaverse division, Bloomberg reported, citing anonymous sources. Company executives are mulling slashing the virtual reality platform's budget by up to 30%, the report said, adding that any…
Mark Zuckerberg Retreats From the 'Metaverse'
The “Metaverse” isn't what it used to be. Meta Platforms is expected to cut resources from the virtual reality initiative Mark Zuckerberg once framed as the future of the company and his reason for changing its name from that social…
Meta's Zuckerberg plans deep cuts for metaverse efforts
Meta Chief Executive Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook. Executives are…
New York Times Sues A.I. Start-Up Perplexity Over Use of Copyrighted Work
The New York Times claimed in a lawsuit on Friday that its copyrights were repeatedly violated by Perplexity, an artificial intelligence start-up that has built a cutting-edge internet search engine. The Times said in its lawsuit that it had…
Boy, 14, hears little sister's shock diagnosis - then bullies say unthinkable
Escaping into a world of virtual reality as his sister was fighting cancer gave teenager Declan Hall a lifeline. The 14-year-old was devastated after his sibling Holly was diagnosed with Lymphoblastic leukemia at the age of four. He had to face…
Kia celebrates 80th anniversary, unveils future concept car
Kia has pledged to overcome a lingering external crisis — posed by global supply chain shifts and an emerging Chinese rivalry — by getting back to basics and creating value for future mobility, the carmaker said Friday at an event…
Meta stock price: META rises on report that Zuckerberg will cut up to 30% of metaverse division
Shares of Meta Platforms, Inc. (META) rose on Thursday after Bloomberg reported the technology company was planning to cut spending across its division by 10%, with as much as 30% cuts to its virtual reality group, which includes the so-called…
Meta plans budget cuts as high as 30% to its metaverse efforts
Meta Platforms CEO Mark Zuckerberg is expected to cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook. Executives were considering…
Meta prepares deep cuts to metaverse staff as focus shifts to AI glasses
Meta does not plan to abandon building the metaverse, the people said. Instead, executives expect to shift the savings from the cuts into investments in its augmented reality glasses, the people said. Meta introduced the glasses — which have…
Receive a Daily briefing on Virtual Reality Industry News
Get Started