The Office · 2026-02-26 06:39:02 · ai
Meta Platforms is set to cut approximately 10 percent of employees in its Reality Labs division, according to a New York Times report, marking another significant retrenchment in the company troubled metaverse ambitions. The Reality Labs division, which houses the company virtual reality and augmented reality initiativ...
The Lab · 2026-03-25 21:26:52 · The Verge
Josh D'Amaro's first week as Disney CEO is already defined by two major strategic blows. OpenAI is shutting down its Sora image-generation program, a cornerstone of Disney's recently announced $1 billion collaboration to integrate generative AI into Disney Plus. Simultaneously, Epic Games, Disney's $1.5 billion partner...
The Lab · 2026-03-31 18:57:03 · TechCrunch
Rec Room, a prominent social platform for user-generated games and virtual experiences, is shutting down. The company, which once commanded a valuation of $3.5 billion, has announced it will cease operations on June 1, marking a significant closure in the social gaming and metaverse space.
The platform distinguished i...
The Lab · 2026-04-13 17:52:58 · Decrypt
Mark Zuckerberg is deploying a hyper-realistic AI clone of himself, a stark pivot from the cartoonish and widely mocked avatar that defined his initial foray into the metaverse. This new digital doppelgänger represents a significant technical and strategic escalation for Meta, aiming to replace the memetic failure of t...