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...
04 Dec, 2025, 11.02 PM IST
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...
14 Feb, 2025, 10.59 PM IST
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...
06 Dec, 2024, 08.46 AM IST
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...
01 Nov, 2024, 11.26 PM IST
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...
31 Oct, 2024, 07.27 AM IST
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...
04 Oct, 2023, 01.14 AM IST
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.
28 Sep, 2023, 08.12 AM IST
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.
25 Mar, 2023, 02.09 PM IST
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 ...
12 Nov, 2022, 11.18 AM IST
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...
27 Oct, 2022, 11.03 AM IST
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 ...
27 Oct, 2022, 08.03 AM IST
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.
05 Nov, 2021, 06.34 PM IST
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.
20 Oct, 2021, 08.54 AM IST
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.
06 Jan, 2018, 06.14 PM IST
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...
22 Apr, 2017, 10.57 AM IST
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...
07 Sep, 2016, 03.22 PM IST
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...
06 Sep, 2016, 11.00 PM IST