Meta Continues to Invest in VR According to a statement by Andrew Bosworth, head of Reality Labs, the company’s metaverse arm, Meta has made some changes to adapt to the current volatile economic environment, but Bosworth said the company is still It states that it is working on a pivot for the metaverse.
Meta will continue to promote Metaverse and VR in 2023
Social Metaverse company Meta will continue to develop metaverse and VR-related projects in 2023 It’s a schedule.In an article written on December 19th,, Andrew Bosworth, head of the metaverse division called Reality Labs, said that while the company suffered a major setback from the recession, it had a new vision. He explains that he will keep moving forward.
Bosworth said:
After one of the most difficult years in the company’s history, Meta remains the same I can confidently say that we remain committed to our vision for the future. the day it was announced.
Facebook’s rebranding to Meta, announced on October 28, 2021, will extend the scope of the company to making the Metaverse a place where individuals can actually act. and changed focus. Socialize, find communities and grow your business. Bosworth believes this is the right thing to do to overcome the short-term thinking he considers catastrophic. Meta’s level of commitment has been affected by recent layoffs announced by the company on November 9, when 11,000 employees were laid off. Despite this, the company still spends his 20% of its budget on Reality Labs, the core division of the Metaverse.
Several investors have called on Meta to exit the Metaverse business, but Bosworth said this level of investment was “at the forefront of one of the most competitive and innovative industries on the planet.” It makes sense for a company that is committed to staying.”
This level of investment is a boost to the progress Meta hopes to bring to the industry in 2023, which It centers around the research and development process of AR (Augmented Reality). According to Bosworth, about half of Reality Labs’ resources are now devoted to these kinds of initiatives.
Bosworth concluded that 2023 will be a big metaverse development year for the company. Meta aims to ship a successor to its Meta Quest 2 headset, focusing on growing and improving the community portion of Horizon Worlds, its flagship Metaverse experience.
What do you think of Meta’s take on the Metaverse? Let us know in the comments section below.
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