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AUGMENTED REALITY DIVISION
For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...- Facebook parent company Meta plans layoffs in Reality Labs division responsible for Ray-Ban smart glasses, wristwatchMeta is reportedly preparing to lay off approximately 10% of its Reality Labs division, impacting employees developing virtual reality head...
- Meta plans to cut about 10% of employees in reality labs businessThe cuts to Reality Labs -- which has roughly 15,000 employees -- could be announced as soon as Tuesday. The layoffs would be a fraction of...
- Meta shares jump on report company slashing VR spendingShares in Meta rose sharply on Thursday following a report that the Facebook parent company is significantly cutting back on virtual realit...
- Meta plans major investment into AI-powered humanoid robotsMeta is investing in AI-powered humanoid robots, focusing on household tasks and AI infrastructure for third-party manufacturers. Led by Ma...
- Meta partners with James Cameron's tech venture to boost mixed reality contentMeta Platforms partnered with James Cameron's Lightstorm Vision to create 3D entertainment for the Quest headset, aiming to enhance mixed-r...
- Walt Disney forms business unit to coordinate use of AI, augmented realityThe newly formed Office of Technology Enablement will be led by Jamie Voris, who spearheaded development of Disney's app for the Apple Visi...
- Meta shows strong growth as AI spending surgesFacebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artifici...
- Meta to lay off employees in metaverse silicon unitEmployees were informed of the layoffs in a post on Meta's internal discussion forum Workplace on Tuesday. The post said they would be noti...
- Snap lays off 170 employees, shuts augmented reality division for enterprisesSocial media company Snap Inc said on Wednesday it was closing its division focused on making augmented reality services for businesses.
- Snap acquires Th3rd that creates digital 3D counterparts of people, productsSnap, the parent company of Snapchat, has quietly acquired 3D-scanning studio called Th3rd for an undisclosed sum.
- Nearly half of Meta job cuts were in tech, reorganisation underway: executivesMeta executives also said they were reorganising parts of the company, combining a voice and video calling unit with other messaging teams ...
- Meta's profit slides by more than 50% as challenges mountThis year, Meta's earnings have been hit hard by its spending on the metaverse and its slowing growth in social networking and digital adve...
- Meta’s profit slides by more than 50% as challenges mountZuckerberg was defiant on a call with analysts Wednesday. He said people would “look back decades from now” and “talk about the importance ...
- To build the metaverse, Meta first wants to build storesThe stores would help show people that virtual reality and augmented reality can be fun and exciting, exactly the way Zuckerberg sees it.
- Snap launches studio to help brands create augmented reality adsThe new studio, Arcadia, will help brands build AR experiences not just for Snapchat, but any other social media apps.
- First Amazon Alexa-enabled digital glasses to debut at CES 2018The company is “excited about the potential of the glasses and the ability to bring Alexa to customers in a new way.
- Virtual Reality companies navigate ‘the trough of disillusionment’Many working in VR have run up against the hard economic reality of trying to produce content for a technology that remains, at least for t...
- Gujarat High Court issues notices to developers of 'Pokemon Go'The petitioner has said eggs are considered as non- vegetarian food, and it is blasphemous to carry non-vegetarian food inside a place of w...
- PIL against Pokemon Go for 'hurting' religious sentimentsAs per the plea, among other things, the image of eggs shown in the augmented reality game appear in places of worship of different religio...
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