Meta Quest – pressnews

[ad_1] Meta CEO Mark Zuckerberg on Wednesday is set to update investors on his plan to build the immersive metaverse that he has pitched as the future of computing at the company's first in-person conference since the start of the pandemic.Announcements at Meta Connect, Meta's biggest event of the year, will indicate how Zuckerberg plans to navigate the shift this year of investor fervor to artificial intelligence from augmented and virtual reality technologies. Stakes for the event are high as investors last year slammed the parent company of Facebook and Instagram for spending extensively on the metaverse, prompting Zuckerberg to lay off tens of thousands of staff to continue funding his vision. Developers will be watching to assess what apps they might create for Meta's latest hardw...

[ad_1] Meta Platforms Inc. is launching a new subscription service for its virtual reality headsets.Meta Quest will cost $7.99 per month for access to two gaming titles each month, Chief Executive Officer Mark Zuckerberg said on his Instagram channel Monday. The VR subscription is the latest way Meta is trying to make money from its headsets, after disappointing sales. In March, Meta slashed the prices of its VR headsets by up to 33%. In June the company lowered the price of its Quest 2 headset a second time, after announcing the launch of its Quest 3, which will debut in September. Meta is still losing money on its virtual reality ambitions. Last year the company lost $13.7 billion in its Reality Labs division, the part of the company that makes virtual reality technology.Meta's VR sub...

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Meta Debuts New Subscription Service for Its Virtual Reality Headsets