Search results for "VR"

Meta's Metaverse Is Safe, at Least for Now

While the company had announced that it would be sunsetting the Horizon World experience, the in-house digital world for VR headsets, it has now backpedaled. Nonetheless, the experience is now being tailored to mobile platforms, where it has enjoyed more popularity. Meta’s Is Saving Its
Coinpedia·03-21 03:41
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Meta Withdraws VR Shutdown Order Within 24 Hours, Existing Games Remain Open

Meta withdrew its decision to remove Horizon Worlds from Quest VR devices following user feedback, stating that existing VR games will remain available, though no new content will be added. This decision comes against the backdrop of Meta's Reality Labs division facing nearly $80 billion in cumulative losses, with the company's future focus shifting toward artificial intelligence, indicating that the metaverse business is entering a period of contraction.
MarketWhisper·03-20 03:23
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Meta shuts down Horizon Worlds VR "Zuckerberg's dream shattered": burned $8.35 billion without even 900 users online

Meta announced that it will shut down the VR version of Horizon Worlds in June 2026 and transition to a mobile app, ending its metaverse initiative after accumulating losses exceeding $83.5 billion. Faced with a dismal daily active user count of just 900, Meta is shifting its focus toward AI and other hardware applications, demonstrating the failure of the metaverse and the market bubble.
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動區BlockTempo·03-19 06:40

Meta abandons VR metaverse and shifts focus to AI smart glasses after nearly $80 billion in losses

Meta announced the removal of Horizon Worlds, shifting focus toward AI infrastructure and wearable devices, with Reality Labs losses approaching $80 billion over five years. The company's strategy is pivoting from immersive VR toward gaming and mixed reality, emphasizing that AI's commercialization potential exceeds that of the metaverse. Horizon Worlds will still run on mobile devices, but this adjustment demonstrates that user adoption of VR social platforms fell short of expectations.
MarketWhisper·03-18 05:38
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