Mark Zuckerberg’s Metaverse faces over $20 billion setback
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In a virtual interview, Mark Zuckerberg wowed audiences with the latest developments in hyper-realistic 3D avatars set against the backdrop of the Metaverse. However, the grandeur of these advancements does little to overshadow Meta's staggering loss of $3.74 billion in its Reality Labs division during the third quarter of this year. As the company grapples with these financial setbacks, Zuckerberg's response has been to trim down the workforce within the research units responsible for virtual and augmented reality hardware and software.Meta has been at the forefront of developing tools for virtual reality, including the Meta Quest headset and Spark AR Studio, a Facebook-backed toolkit for augmented reality projects. They have also delved into the realms of artificial intelligenc...