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Meta Restructures Reality Labs: VR Studios Cut as Focus Shifts to AI
Meta Platforms is cutting roles in its Reality Labs division and closing several virtual reality game studios as part of a strategic pivot. The restructuring involves discontinuing the Horizon Workrooms service and reallocating resources toward artificial intelligence infrastructure and wearables. These changes aim to address operating losses and align with a broader shift toward AI-driven consumer devices.
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Meta's Reality Labs Reports USD 4.4 Billion Loss in Q3 Amid AI Investments
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