TechBriefly
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles
No Result
View All Result
 Hot Topics:
  • Funny notes on Instagram
  • What is Snapchat planets order?
  • Best free AI art generators
  • Instagram Notes ideas
  • Elon Musk & Twitter
TechBriefly
No Result
View All Result
Home Tech

Facebook is investing at least $10 billion in its metaverse division

Facebook will continue to invest more money in the metaverse division for the next several years.

by Eray Eliaçık
27 October 2021
in Tech
Reading Time: 1 min read
Facebook is investing at least $10 billion in its metaverse division
Share on FacebookShare on Twitter

Facebook plans to invest at least $10 billion in its Metaverse division, which is developing AR and VR hardware, software, and content under the Facebook Reality Labs banner this year.

“We are committed to bringing this long-term vision to life and we expect to increase our investments for the next several years,” the company wrote in its third-quarter earnings release this afternoon. Facebook sees AR and VR as being core to “the next generation of online social experiences.”

The new division, which already creates the Oculus Quest headset and Portal collection of calling devices, is clearly being positioned as Facebook’s next big thing.

Facebook is investing at least $10 billion in its metaverse division
Facebook is investing at least $10 billion in its metaverse division

Metaverse: The next generation of online social experiences

“The next generation of online social experiences” will be built on “augmented reality and virtual reality,” according to Facebook.

Facebook has committed a significant amount of resources to virtual reality and augmented reality, including establishing a product department to work on the metaverse this year. Even, CEO Mark Zuckerberg has been talking about the metaverse for the past several months.

Facebook announced earlier this month that it will hire 10,000 individuals to assist in the development of the metaverse.

According to the firm, the future computing platform has the potential to help people unlock new creative, social, and economic possibilities.

Tags: FacebookfeaturedinvestMark ZuckerbergMetaverseoculus

Related Posts

Google AI event

Google has rolled up its sleeves for an AI event

Motion Alert vs Motion Warning

Motion Alert vs Motion Warning: Ring camera features explained

ChatGPT becomes the fastest growing application of all time

ChatGPT becomes the fastest growing application of all time

What is Apprentice Bard AI: Google's ChatGPT competitor explained

What is Apprentice Bard AI: Google’s ChatGPT competitor explained

POPULAR

How to become a BeyHive member
How to

How to become a BeyHive member?

ChatGPT is at capacity right now: Too many requests in 1 hour try again later (Fixed)
How to

Too many requests in 1 hour try again later (Fixed): ChatGPT is at capacity right now

What is Snapchat planets order?
How to

What is Snapchat planets order?

Soldier poet king quiz TikTok
Social Media

Soldier poet king quiz: TikTok trend explained

How to do a 360 spin in Fifa 23
How to

How to do a 360 spin: FIFA 23 guide

In this article, we are going to be covering how much is 1 million diamonds on TikTok, and answer some of the most frequently asked questions about the subject.
How to

How much is 1 million diamonds on TikTok?

Beyonce World Tour 2023
Geek

Beyonce World Tour 2023: Ticket prices, dates, and more

Answering the most common questions about the Instagram collab feature
How to

Answering the most common questions about the Instagram collab feature

Hogwarts Legacy patronus list (2023)
How to

Hogwarts Legacy patronus list (2023)

Bane of Dragons ESO
How to

Bane of Dragons ESO: How to complete the quest?

RSS Digital Report

  • What are copyright marketing materials?
  • What is Blockchain for business: Everything you need to know
  • How to become a certified blockchain expert?
  • Steve Jobs on marketing: What was his vision?
  • How to get SEO clients for your company?
  • SEO for enterprise guide: Strategies, tools and more
  • Top SEO podcasts: Strategies to boost SEO
  • Here are the top 10 blockchain certification courses
  • Blockchain open source: What is it and what are the best projects?
  • Top 5 questions about marketing: Examples and answers

RSS Latest from LeaderGamer

  • Wo Long Fallen Dynasty PC demo release date revealed
  • Dragon Age Dreadwolf gameplay video leaked online
  • You must be constantly online to play Redfall.
  • Sons of the Forest Early Access release date revealed
  • Wordle TR 6 Şubat 2023 günün cevabı
  • The Last Of Us PC release date delayed
  • What year is the Hogwarts Legacy story set in?
  • PlayStation Plus Collection games take off
  • Star Wars Jedi Survivor will come with fast travel features
  • Werewolf The Apocalypse release date revealed
TechBriefly

© 2021 TechBriefly is a Linkmedya brand.

  • Tech
  • Business
  • Science
  • Geek
  • How to
  • About
  • Privacy
  • Terms
  • Contact
  • LeaderGamer
  • FAQ

Follow Us

No Result
View All Result
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles