Top news of the week: 30.10.2023.
Next-Gen Marketing: Augmented Reality and AI in Tech Branding Campaigns
Staying ahead of the curve is essential for tech companies aiming to carve their niche in the competitive market. Traditional marketing methods are gradually becoming obsolete, making room ...
Chinese augmented reality firm Xreal launches next-gen glasses in challenge to Meta and Apple
Xreal is looking to compete compete against the Apple Vision Pro that will launch next year, alongside new hardware from Facebook-parent Meta.
Reality Labs has lost $11.4 billion during 2023 (and there's still one quarter left)
Meta's mixed reality division lost $3.7 billion during Q3 and earned just $210 million in revenue.
ByteDance says committed to VR business Pico after report of it shutting brand
HONG KONG : TikTok owner ByteDance said on Tuesday it is not shutting its virtual reality (VR) business Pico and remains committed to the industry for the long term, after reports that the ...
Meta Expects AR/VR Losses To Increase Next Year Due To 'Ongoing Product Development'
Meta expects its AR/VR losses to increase in 2024 due to "ongoing product development" and "investments to further scale our ecosystem".
Meta's VR division lost $3.7 billion last quarter, bringing total losses to almost $40 billion since 2020
Meta's fourth quarter sales were up 23% year-over-year to $34.1 billion, marking the third quarter in a row of increasing revenues and the largest YoY growth since...
Meta’s talk of uncertainty next year and ‘volatility in the macro landscape’ sends its shares tumbling
Meta had appeared to recover from struggles in its ad business that began last year.
TikTok's Parent Company Isn't Done Yet With Those Pico VR Headsets
ByteDance claims the company is still focused on shipping VR hardware despite not having much to show in 2023.