It is the latest attempt by the parent company of Facebook to make its VR business profitable.
In 2021, Meta chief executive Mark Zuckerberg unveiled plans to build a "metaverse" - an online world where people can play games, work and communicate in a virtual environment, often using VR headsets.
"Over time, I hope that we are seen as a metaverse company and I want to anchor our work and our identity on what we're building towards," Mr Zuckerberg said. In February last year, Meta unveiled several ambitious artificial intelligence projects, and Mr Zuckerberg described AI as "the key to unlocking the metaverse"., surpassing market expectations.
However, its Reality Labs division, which produces VR headsets and other products, reported a net loss of $4bn for the period., Apple unveiled its Vision Pro mixed-reality headset, in its first major hardware launch in almost a decade.That is considerably more than other headsets currently available in the market. Meta's VR headsets are priced between $299.99 and $999.99.
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