alt Hacker NewsBillions. Facebook has spent billions and billions over the past decade in VR. Starting with the Oculus merger and then in 2021 with the rebrand.
10 billion a year supposedly for the past 5 years now.
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I kept saying to myself, they must be seeing something I'm not... I guess not
Is that a bad thing? That's 10b that engineers and other employees now have and Facebook doesn't have. And while VR might never make them money, is it bad from our pov that they did the research and development?
What's the quote:
"A billion here, a billion there and pretty soon you're talking about some real money."
So, a fraction of the AI investments? It’s pretty clear where the focus is bow and who/what no longer has a future at Meta.
I meant hundreds of millions on Horizon Worlds specifically. Virtual concerts and the like. Big "Hello Fellow Kids" energy.
They could have just waited until AI came out, now they can spend $1 million on tokens and slop :)
10 billion a year supposedly for the past 5 years now.
Imagine being able to solve world hunger, and then… not.
I still remember the VR hype of 2015, they predicted a market size for 2017 that we won't even reach by 2027, and probably 2037