Meta was criticized this year for investing billions in metaverse projects and losing $9.4 billion from Reality Labs during the first three quarters of 2022, but plans to Meta company Put 20% of their total spend into Private Reality Labs metaverse of the palm In 2023, with half of that money going directly to augmented reality (AR) initiatives, that’s about the same amount as last year, according to engadget.
Reality Labs has significantly improved its platform, with more news expected in 2023, and also plans to help Horizon Worlds “bloom” by hosting a Meta Question Gaming Showcase in the spring and unveiling Meta Quest 2 next year.
VR pioneer John Carmack recently left Meta, while criticizing the company’s lack of efficiency, and Meta likely wants to reassure both users and investors that the company is continuing its augmented reality trajectory, despite the challenges.
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