More Bad News for the Metaverse
Virtual reality projects are losing steam across the tech industry in the wake of layoffs and investor skepticismBig tech companies across the spectrum, including Meta, Microsoft, and Apple, are scaling back on virtual reality research and development. The technological demands of the metaverse are more advanced than CEOs like Mark Zuckerberg have anticipated, and employees are feeling the impact. Microsoft recently laid off 10,000 workers, cutting funding from the lab responsible for the production of its mixed-reality “HoloLens.” The army was originally in the works to use the Microsoft lens for aids in combat and training, but the technology has since been labeled as “dangerous and poorly designed.” Meta laid off 11,000 employees last November and continues to struggle to gain interest and traction for its ambitious metaverse project. A report from Insider notes that a combination Read More ›
