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Meta CTO Andrew Bosworth says the company plans to devote ~20% of its overall costs and expenses to Reality Labs in 2023, up from 18% in Q3 2022

Facebook parent company Meta Platforms Inc. will continue to devote about 20% of its overall costs and expenses to Reality Labs in 2023 …

Bloomberg Kurt Wagner

Discussion

  • Vox Shirin Ghaffary on x
    Meta is facing the test of its lifetime
  • @vaidas_vai Vaidas Vai on x
    “Meta is far from the only company working on pushing the boundaries here, and we expect to see new competitors joining us in building for AR and VR next year.” 🍏? https://twitter.com/...
  • @hrafntho Hrafn Thorisson on x
    A pretty good post. My hope is that we'll see major AR improvements from Meta next year (automated room mapping please) and general increased focus on merging of VR/AR. Also hope they invest heavily in (actual) fullbody tracking and introduce a hand-centric input device. https://…
  • @bmfshow Matt on x
    Meta Quest 2 successor coming next year, kinda already knew that, and the Gaming Showcase is confirmed as coming back this spring according to the new post by @boztank. Fingers crossed it's a huge year for standalone VR! https://twitter.com/...
  • @realitylabs @realitylabs on x
    As 2022 draws to a close, @Meta CTO + Head of Reality Labs @boztank takes a look at the progress we've made over the last year—and looks ahead to what's next: https://tech.facebook.com/... https://twitter.com/...