•1 min read•from TechCrunch
Meta is still burning money on AR/VR
Our take
Meta continues to invest significantly in its augmented and virtual reality division, Reality Labs, resulting in multi-billion dollar losses each quarter. As the company navigates the challenges of scaling its AR/VR initiatives, its financial commitments are further compounded by increasing expenditures in artificial intelligence. This strategy reflects a bold vision for the future of immersive technology, yet raises questions about the sustainability of such an ambitious approach. Understanding the implications of these investments is crucial for stakeholders and industry observers alike.

Meta is losing billions on Reality Labs each quarter, and its AI expenditures are only going to increase its spending.
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