Mentions of the “metaverse” were relatively few and far between in Meta’s quarterly earnings call this week — we counted a mere seven mentions compared to 23 for “AI” — but the company’s investment into its vision of a VR-connected social future remains colossal. Starting in 2021, Meta began breaking out its Reality Labs VR and AR division into its own segment for financial reporting purposes. Th… Click below to read the full story from TechCrunch
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Meta’s Reality Labs lost $13.7 billion on VR and AR last year
