Meta Acknowledges Slower VR Adoption And Reallocates Resources

Meta CTO Andrew Bosworth says in a recent UploadVR interview that VR adoption is growing more slowly than expected, prompting layoffs in hardware teams and a strategic pivot toward artificial intelligence. Reality Labs lost $13.7 billion in 2023 after Meta invested over $46 billion in the division since 2021, with only $1.9 billion revenue in 2023, spurring resource reallocation.