Meta to reportedly lay off 10% of Reality Labs staff
Meta is laying off 10% of staff in its Reality Labs division, which is core to developing the company’s VR and metaverse products.
Meta
Microsoft announces glut of new data centers but says it won’t let your electricity bill go up
The tech giant has pledged to be a “good neighbor” as it continues to invest in AI infrastructure throughout the country.
Meta is closing down three VR studios as part of its metaverse cuts
Meta is laying off about 10 percent of its Reality Labs metaverse division, and the cuts include closing down some of its VR gaming studios. Twisted Pixel Games, the developer of Marvel’s Deadpool VR, Sanzaru Games, the developer of the Asgard’s Wrath franchise, and Armature Studio, which worked on the Resident Evil 4 VR port, […]
Meta confirms Reality Labs layoffs and shifts to invest more in wearables
Around 10 percent of Meta’s Reality Labs division, which develops its XR products and services, will be laid off beginning on Tuesday, as reported by Bloomberg. Meta spokesperson Tracy Clayton confirmed the layoffs in a statement to The Verge: “We said last month that we were shifting some of our investment from Metaverse toward Wearables. […]
Meta plans to lay off hundreds of metaverse employees this week
Meta’s Reality Labs team is expected to lose around 10 percent of its staff, with layoffs concentrated on the division’s metaverse employees, as reported by The New York Times. The layoffs are apparently a side effect of Meta’s AI ambitions, which are pulling focus away from its virtual reality division. According to the Times, Meta’s […]
Mark Zuckerberg says Meta is launching its own AI infrastructure initiative
Meta is ramping up its efforts to build out its AI capacity.
Meta hires former Trump advisor Dina Powell McCormick as president and vice chair
Before joining Meta, Powell McCormick was working as deputy national security advisor to President Donald Trump.
Instagram says there’s been ‘no breach’ despite password reset requests
Instagram says that although some users received suspicious-looking password reset requests, it has not been breached.
Meta expands nuclear power ambitions to include Bill Gates’ startup
Meta has forged agreements with three nuclear power providers in an effort to secure the vast amount of electricity it needs to power AI data centers. The agreements with TerraPower (which is backed by Bill Gates), Oklo (backed by Sam Altman), and Vistra are expected to deliver 6.6 gigawatts of energy for Meta’s projects by […]
Meta signs deals with three nuclear companies for 6-plus GW of power
Two smaller companies, Oklo and TerraPower, along with Vistra, a large energy company, just signed agreements with Meta.