Facebook’s next product will be its long-awaited Ray-Ban smart glasses

Facebook’s booming business is dominated by digital ads, but it also has hardware ambitions beyond VR. During the company’s latest earnings call, CEO Mark Zuckerberg said its next product release would be a pair of smart glasses from Ray-Ban. “The glasses have their iconic form factor, and they let you do some pretty neat things,” the Facebook […]

Zuckerberg is turning trillion-dollar Facebook into a ‘metaverse’ company, he tells investors

“I wanted to discuss this now so that you can see the future that we’re working towards and how our major initiative across the company are going to map to that,” Zuckerberg said on the call. “What is the metaverse? It’s a virtual environment where you can be present with people in digital spaces. You […]

Psychedelic VR meditation startup Tripp raises $11 million Series A

As an increasing number of startups sell investors on mobile apps that help consumers prioritize well-being and mindfulness, other startups are looking for a more immersive take that allows users to fully disconnect from the world around them. Tripp has been building immersive relaxation exercises that seek to blend some of the experiences users may […]

Facebook’s entry into VR advertising isn’t going too well

Facebook’s efforts to bring advertising to the Oculus virtual reality platform it has spent billions of dollars building out doesn’t seem to be off to a great start. The company announced last week that they were planning to roll out their first in-game ads inside the title “Blaston” from the prolific VR game developer Resolution […]

Facebook buys game studio BigBox VR

Facebook has bought several virtual reality game studios over the past couple of years, and they added one more to their portfolio Friday with the acquisition of Seattle-based BigBox VR. The studio’s major title, “Population: One,” was one of the big post-launch releases for Facebook’s Oculus Quest 2 headset and is a pretty direct Fortnite […]

Google’s data terms are now in Germany’s competition crosshairs

Germany’s national competition regulator, the Bundeskartellamt, has continued its investigative charge against big tech — announcing that it’s opened two proceedings into Google. The move follows earlier proceedings targeting Amazon and Facebook — both of which are also looking to determine whether their businesses are of “paramount significance for competition across markets”, as German competition law […]

Facebook VR exec Hugo Barra is leaving

Four years after joining as Facebook’s first VP of VR, ex-Xiaomi exec Hugo Barra has left the company, he said in a social media post Tuesday. Barra led Facebook’s VR efforts during a particularly tumultuous time for Oculus, coming aboard to helm the division as the once independent arm was folded deeper into its parent […]

Facebook brings software subscriptions to the Oculus Quest

Subscription pricing is landing on Facebook’s Oculus Store, giving VR developers another way to monetize content on Facebook’s Oculus Quest headset. Developers will be allowed to add premium subscriptions to paid or free apps, with Facebook assumedly dragging in their standard percentage fee at the same time. Oculus and the developers on its platform have […]

New Quest 2 software brings wireless PC streaming, updated ‘office’ mode

After a relatively quiet couple of months from Oculus on the software front, Facebook’s VR unit is sharing some details on new functionality coming to its Quest 2 standalone headset. The features, which include wireless Oculus Link support, “Infinite Office” functionality and upcoming 120hz support, will be rolling out in the Quest 2’s upcoming v28 […]

Nanome raises $3 million to help scientists get up close with molecular structures in VR

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