At its virtual Connect conference on Thursday, Facebook gave a special presentation to show the world its vision for the metaverse, and announce that it had co-opted half the term as its new company name: Meta.
The company says that it’s betting big on what it thinks will be the next big thing in personal computing, a virtual space where people can work, play, or socialize, all through the lenses of virtual reality (VR) headsets or augmented reality (AR) glasses. It expects to spend more than $10 billion on Facebook Reality Labs (henceforth to be known as just Reality Labs), the division leading the development of its mixed-reality hardware and software. It’s said to have more than 10,000 people working on the initiative already.
Thursday’s keynote didn’t feature a lot of news about specific products, but instead served as an overview of all the mixed reality R&D going on across the company now. Some of experiences took place within the confines of an Oculus Quest 2 virtual…
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Source : fastcompany.com
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