The numbers don’t lie: Meta’s metaverse project is causing significant losses. Its CEO Mark Zuckerberg reiterates, however, that his team will not stray from it. Certainly, Meta is interested in AI. Nevertheless, she remains focused on her vision and her goal: the development of the metaverse. Meta can even focus on both projects, Zuckerberg said.
The rumor is false!
For some time, the rumor has been circulating that Meta thinks to put aside its goal of metaverse. A news hard to believe if one refers to the passion of the CEO of Meta himself for this project. In one of his speeches, he even declared that the metaverse will be the opportunity of the century.
That being said, recent events may well have supported this rumour. Reference is made in particular to significant operating losses recorded by Meta’s Reality Labs. This is the division in charge of virtual reality and metaverse development within Meta. According to the data, the losses amount to $3.99 billion in the first quarter of this year. Note that Reality Labs also posted an operating loss of $13.72 billion in its 2022 annual report.
Another fact: in February, Meta decided to create a new team dedicated to artificial intelligence generative. So, some people immediately thought that this new project will replace the metaverse.
Meta will always focus on its vision of the metaverse, says Zuckerberg
Despite the loss recorded by Reality labs, Mark Zuckerberg remains confident when it comes to the metaverse. At the time of the call for results this Wednesdayhe said that Meta still intends to focus on the metaverse. “Building the metaverse is a long-term project. But its raison d’ĂŞtre remains the same and Meta remains attached to it.he explained.
To confirm Meta’s willingness to move forward with building the metaverse, Zuckerberg even said that Meta will launch a new consumer-oriented virtual and mixed reality device. This new product will be launched this year (at the latest). To be continued…
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