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The Latest Breaking News from Oculus

Meta Platforms Has Lost $73 Billion on Reality labs. Are Its Spending Cuts Enough for META Stock?

Meta cuts Reality Labs spending by 30%, focusing on profitable AI and core app projects while maintaining ad growth.

Barchart

Palmer Luckey considering entering laptop market with fully US-made model, wants to know if you'd spend 20% more for an American-made PC

Oculus and Anduril founder Palmer Luckey has repeatedly floated the idea of producing a laptop in the U.S. that would cost 20% more than competitive offerings.

Tom’s Hardware

Oculus Founder Palmer Luckey's 'Lord Of The Rings'-Inspired Digital Bank Hits $2 Billion Valuation With Backing From Founders Fund

Palmer Luckey is making another big bet: this time, not in virtual reality or military defense, but digital finance. The Anduril CEO and Oculus founder has launched Erebor, a digital bank that already holds a valuation of $2 billion as it raises at least $225 million in funding, Business Insider…

Benzinga

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Oculus founder Palmer Luckey leads group of tech billionaires launching new crypto-bank — aims to fill the void left by Silicon Valley Bank's 2023 collapse

It's looking to fortify its coffers with stablecoins.

Tom’s Hardware

Mark Zuckerberg Once Predicted That This Technology Would Replace Your Phone — A Decade Later, How Far Is Meta From Delivering On A 'More Natural' Future

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg once shared his bold vision, indicating that virtual and augmented reality would one day replace mobile phones as the dominant computing platform. Now, nearly a decade later, how close is Meta to achieving that future?

Benzinga

News Weekly: Motorola Razr 2025 arrives, Alphabet earnings soar, Meta's troubles, and more

This week, Motorola's Razr 2025 series dropped, Alphabet's Q1 earnings soar, Meta layoffs impact VR teams, Samsung's summer Unpacked could take place in New York, and Android 16's Beta 4 comes out.

Android Central

Meta layoffs strike again, impacting its Reality Labs division

Meta lays off employees in its VR gaming wing, Reality Labs, as part of its restructuring efforts.

Android Central

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James Cameron may have tested the Meta Quest 4, and he's a huge fan

James Cameron is partnered with Meta on VR films, and he's already tested future Quest prototypes that he thinks are "f***ing cool."

Android Central

Was Windows Mixed Reality as bad as I remember? I look back at the failed VR platform that was ahead of its time.

Windows Mixed Reality didn't make it to its 10th anniversary, but it made a significant splash in the VR world during its limited run.

Windows Central

Meta sets Oculus Quest headset shelf-life at six years, but there's still hope that the Meta Quest 2 will survive past 2026

Meta has ended all software updates to the Oculus Quest, which suggests the Quest 2 could enter stasis in 2026.

TechRadar

Meta's VP of VR is leaving and it's time for the company to 'give a damn' again

Mark Rabkin is leaving Meta and transferring power to Ryan Cairns who previously headed up Portal and Meta for Work initiatives.

Android Central

Palmer Luckey Accuses DeepSeek Of Lying About AI Model Costs: 'The $5M Number Is Bogus'

Palmer Luckey, the founder of Oculus, questions DeepSeek's AI claims, criticising US media for 'mindlessly' reporting on the progress of the Chinese startup.

International Business Times UK

Android XR needs to copy Android smartwatches to survive

Google has a long history of (abandoned) VR & AR projects. If Android XR is to succeed, it'll depend on Samsung, the savior of Google's wearable plans.

Android Central

Oculus founder Palmer Luckey is back, revolutionizing warfare with a $14 billion startup. And this time he wants you to like him

“I realized too late that my reputation is actually very important,” Luckey told Fortune.

Fortune

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USA Today Sports Media Group

Inevitable Merging of Poker and Cutting-Edge Tech

Virtual and augmented reality are bringing fresh innovations to online poker, offering players immersive gameplay and transforming traditional poker rooms into futuristic virtual worlds.

Android Central

Meta's leaked 'Avalanche' could bring back Oculus Rift games, but I want more

A long-rumored cloud gaming app was briefly leaked on the Quest Store. We suspect it'll arrive on Quest 3 soon, but used in a safe way — and we'd love to see something more ambitious.

Tom’s Guide

Minecraft losing VR support next year — here's how to enjoy it while you can

Minecraft developer Mojang confirmed that VR support is going away in 2025.

Laptop

The biggest threat to Meta Quest headsets isn't Apple — it's Meta

My biggest worry about Meta Quest headsets, is Meta's own smart glasses.

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PC Gamer

A decade after buying Oculus VR, Meta's Reality Labs' losses are spiralling out of control, with no end in sight

$10 billion loss in 2020, $16 billion loss in 2023—and it's only going to get worse, says Meta.

PC Gamer

The trials of a billionaire Bond villain: Oculus founder Palmer Luckey sues after getting stuck in a car elevator in the mansion he bought just to store cars

Luckey also owns an ex-Navy speedboat with a mounted machine gun. God bless America.

iMore

I’ve tested more than 15 VR headsets — but there’s only one I’d recommend buying this Prime Day

And no, I'm not talking about Nintendo Switch VR...

International Business Times UK

Who Is Palmer Luckey? Businessman Sells His Virtual Reality Company For $2B, Then Left Two Years Later

VR pioneer Palmer Luckey left Meta in 2016. He founded Anduril Industries and built a deadly VR headset inspired by anime

Inverse

Are AI Gadgets Doomed Now That Humane Is Reportedly Looking for a Buyer?

What was supposed to be a breakthrough year for AI hardware has so far turned out to be frustrating, with skeptics suggesting the whole "AI gadgets" product category might be a short-lived fad once smartphones get AI and chatbot features integrated into their software.

Inverse

5 Years Ago, the Original Quest Reinvented Video Games With a New Dimension

Since the Oculus Quest’s introduction in 2019, Meta’s first standalone VR headset has not only served as the blueprint for spatial computers like the Apple Vision Pro, but it’s also proved that video games might be the best way to get people to wear them.

Android Central

Exclusive: Meta's upcoming glasses are the OMG moment that AR needs

Our exclusive interview with the Head of AR Glasses Hardware at Meta, Caitlin Kalinowski, revealed new details about Project Nazare and what we should expect from Meta's first true AR glasses.

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