{"id":133598,"date":"2024-07-21T10:30:03","date_gmt":"2024-07-21T07:30:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133598"},"modified":"2024-07-21T01:49:19","modified_gmt":"2024-07-20T22:49:19","slug":"meta-slashes-reality-labs-budget-by-20-here-is-why","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/meta-slashes-reality-labs-budget-by-20-here-is-why\/","title":{"rendered":"Meta Slashes Reality Labs Budget by 20% &#8211; Here is Why"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.theinformation.com\/articles\/reality-comes-to-metas-reality-labs\" rel=\"nofollow\">decision<\/a><\/strong> coincides with Meta\u2019s plans to transition Reality Labs from a development phase to a production phase in preparation for several high-profile hardware launches. Analysts from Bank of America <strong><a href=\"https:\/\/qz.com\/meta-metaverse-budget-save-3-billion-bank-of-america-1851600312\" rel=\"nofollow\">anticipate<\/a><\/strong> that this budget cut could result in savings of approximately $3 billion for the company.<\/p>\n<p>The timing of this budget reduction aligns with Meta\u2019s upcoming earnings report on July 31, following a strong Q1 2024 where the company\u2019s revenue reached $36.45 billion, a 27% increase from the previous year.<\/p>\n<p>Despite this revenue growth, Reality Labs reported a significant $3.8 billion loss for the quarter, partly due to investments in areas beyond metaverse development, such as artificial intelligence. Mark Zuckerberg has hinted at this shift in focus, stating that more of Reality Labs\u2019 resources are being directed towards AI initiatives.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133556\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The decision to cut costs comes after Reality Labs has <strong><a href=\"https:\/\/investor.fb.com\/investor-news\/press-release-details\/2024\/Meta-Reports-First-Quarter-2024-Results\/default.aspx\" rel=\"nofollow\">accumulated<\/a><\/strong> losses of about $55 billion since its inception in 2019. Meta\u2019s future in the metaverse depends on the success of its upcoming products, including the next-generation Quest VR headset, Ray-Ban smart glasses with visual capabilities, and a wrist-worn neural interface.<\/p>\n<p>Additionally, a prototype for a full-holographic headset is in development, though its release timeline remains uncertain. The company\u2019s ability to attract mainstream consumers with these new technologies will be crucial in determining the future of Reality Labs and its role within Meta\u2019s broader strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta is set to slash its Reality Labs budget by 20% by 2026, a strategic move aimed at realigning the division\u2019s focus and managing costs.<\/p>\n","protected":false},"author":3,"featured_media":37078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"coin_category":[],"class_list":["post-133598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Meta Slashes Reality Labs Budget by 20% 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