Meta stops VR, AR software project - report - Breaking The News
Download our appPlay StoreApp Store

Meta stops VR, AR software project - report

EPA-EFE/JOHN G. MABANGLO

Meta Platforms Inc. has ceased work on its own operating system that would have supported the company's virtual reality and augmented reality devices, The Information reported on Wednesday, citing two unnamed sources with knowledge of the issue.

Hundreds of employees have been working on the project for several years, according to the report.

When the company changed its name from Facebook to Meta, it said it would be "moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology."

Related Stocks
Meta Platforms
Related News
Meta wanted Llama funding help from Amazon, Microsoft
Meta Platforms contacted other technological giants, including Amazon and Microsoft, over the past year to ask them to help fund its artificial intelligence large language model Llama, The Information reported, citing four people familiar with the matter.According to the sources, Meta offered "incentives" such as allowing the backers to "influence Llama's feature development." It is unknown if the company had any success in this endeavor, as it was reported that...
Zuckerberg admits buying Instagram for better function
Meta Platform Inc. Chief Executive Officer (CEO) Mark Zuckerberg said on Tuesday that the reason for acquiring Instagram and WhatsApp was that it was too difficult to make such apps from scratch.On the second day of an antitrust trial his company is facing against the Federal Trade Commission (FTC), Meta's head was asked why he was so intent on buying Instagram in one specific email from 2012 that served as evidence of internal communications. Zuckerberg...
FTC says Meta bought rivals after failing to compete
Facebook parent Meta Platforms acquired Instagram and WhatsApp only after failing to develop competing services, a US Federal Trade Commission attorney said Monday at the start of a pivotal antitrust trial in Washington.The FTC argues these purchases were not strategic innovations but desperate moves to eliminate future threats and secure Meta's dominance. Attorney Daniel Matheson told the court that Meta's actions created long-lasting entry...
Meta to begin training AI with EU user interactions
Meta Platforms Inc. announced on Monday that it will start training its generative AI models using public content shared by adults across the European Union platforms.The announcement includes public posts, comments, and user interactions with Meta AI. EU-based users will be notified of the update this week and allowed to object to their data being used.The move follows Meta AI's European launch in March and aims to improve how the AI understands regional...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.