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Industry Keyword: VR

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Meta’s Zuckerberg unveils AI projects aimed at building metaverse future

Facebook-owner Meta is working on artificial intelligence research to generate worlds through speech, improve how people chat to voice assistants and translate between languages, CEO Mark Zuckerberg said on Wednesday, as he sketched out...

Sony teases details of next-gen VR headset

Sony Group has teased details of its next-generation virtual reality headset for its PlayStation 5 console, as the Japanese conglomerate seeks to secure a lead in the nascent sector amid growing attention from tech...

Facebook rebrands itself as ‘Meta’

Facebook Inc is now called Meta, the company has said, in a rebrand that focuses on building the "metaverse," a shared virtual environment that it bets will be the successor to the mobile internet. The...

Facebook invests billions in metaverse efforts as ad business slows

Facebook said it will start publishing the financial results of its augmented and virtual reality labs as a separate unit, where it is investing billions in its ambitions to build the "metaverse" and as...

Understanding the “metaverse”?

Facebook, which is under fire from regulators and lawmakers across the world, is planning to rebrand itself with a new name that focuses on the metaverse, well connected tech publication the Verge has reported. The...

Facebook invests $50 million to build the ‘metaverse’ in responsible manner

Facebook Inc will invest $50 million to partner with organizations to responsibly build the so-called metaverse, a digital world where people can use different devices to move and communicate in a virtual environment, it...

Facebook launches VR remote work app, calling it a step to the ‘metaverse’

Facebook Inc has launched a test of a new virtual-reality remote work app where users of the company's Oculus Quest 2 headsets can hold meetings as avatar versions of themselves. The beta test of Facebook's...

Facebook sets up new team to work on the ‘metaverse’

Facebook is creating a product team to work on the "metaverse," a digital world where people can move between different devices and communicate in a virtual environment, its Chief Executive Officer Mark Zuckerberg has...

German cartel office extends probe of ties between Facebook and Oculus

Germany's antitrust regulator said on Thursday that it was expanding the scope of its abuse proceedings against Facebook related to the links between its Oculus virtual reality merchandise and the social media system. The move...

Suited avatars and digital offices: bankers embrace Virtual Reality

After the preserve of players, virtual reality was seized on by the financial industry as a means of enlivening home functioning for lonely traders or isolated executives and replicating real-world sales, training or networking...

Facebook chief scientist says ‘true AR glasses’ at least five years away

Facebook is 5-10 years away from being able to bring to bring to market "true" augmented reality glasses, its chief scientist told journalists, since the company released plans to launch a first generation product...