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☆ Mark Zuckerberg appeared to take a shot at Apple's Vision Pro
▼ + stars: | 2024-04-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg appeared to take a jab at Apple's Vision Pro during Meta's Q1 earnings call. AdvertisementMeta CEO Mark Zuckerberg seemed to take a hit at Apple's Vision Pro in Meta's first-quarter earnings call on Wednesday. The comment appears to show his skepticism of the potential success of a product like Apple's Vision Pro. While Meta's Quest virtual reality headset competes with Apple's Vision Pro, Zuckerberg has said before that he doesn't imagine a future of people walking around with virtual reality headsets. Zuckerberg isn't the one executive at the tech giant to drag the Apple Vision Pro.

Persons: Mark Zuckerberg, —, Zuckerberg, Andrew Huberman, It's, Andrew Bosworth Organizations: Apple's, Ray, Service, Meta, Apple Vision, Vision Locations: Meta's

☆ A former Facebook exec said he regrets not defending ousted Oculus cofounder Palmer Luckey from a 'witch hunt.' Drama ensued.
▼ + stars: | 2024-04-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

A key former Facebook exec has reignited discussion of Oculus founder Palmer Luckey's 2016 firing. Former Oculus CTO and ex-Meta VR exec John Carmack said on X that he regrets not defending Luckey. Carmack and Luckey joined Facebook after it acquired Oculus, the VR company founded by Luckey in 2012, for $2 billion in 2014. "The culture has changed a lot since you left (internal discussions have to be work focused)," Bosworth replied on X. Business Insider reached out to representatives of Bosworth, Carmack, and Luckey but didn't receive an immediate response.

Persons: Palmer, John Carmack, Andrew Bosworth, Luckey, —, Palmer Luckey —, Carmack, Hillary Clinton, @PalmerLuckey, OTXBBnkK0p — John Carmack, Donald Trump, Clinton, he's, Carmack —, Bosworth, Meta, Forbes, wasn't, I'm Organizations: Facebook, Meta, Service, VR, Wall Street, Business Locations: California

☆ Meta CTO says startup life isn't glamorous like in the movies: 'I didn't sleep for more than 4 hours at a time'
▼ + stars: | 2024-03-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Meta CTO Andrew Bosworth said startup culture is often romanticized, but in reality isn't glamorous. The CTO said he woke up every four hours for two years to make sure an anti-spam system was intact. In an interview on Lenny's Podcast , Bosworth talked about the early days of Facebook when he worked as one of its first engineers. He also worked 120 hours a week and didn't sleep more than four hours consecutively a day for two years. If not he could go back to sleep for the next four hours, Bosworth said.

Persons: Andrew Bosworth, —, Andrew, Boz, Bosworth, Mark Zuckerberg, Lenny Rachitsky Organizations: Service, Facebook

☆ Why Meta's CTO loves 'heartbeat' emails that are 5-10 sentences long
▼ + stars: | 2024-03-06 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Meta CTO Andrew Bosworth said he loves "heartbeat" emails that give a 5-10 sentence update. The Meta CTO encourages employees to ask for help and keep open communication during a project. AdvertisementIf you feel timid about asking your manager for help, Meta CTO Andrew 'Boz' Bosworth has a different way for you to frame it. The CTO said your job isn't to do it yourself — it's to get the job done and get it done competently. "Nobody wants you to be more awesome than your manager does," Bosworth said.

Persons: Andrew Bosworth, Bosworth, —, Andrew ' Boz, I'm, Lenny Rachitsky, you've Organizations: Service

☆ Meta's CTO replaced his Tesla with an electric Mercedes: 'I didn't know cars could be this nice'
▼ + stars: | 2024-03-05 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

Meta's chief technology officer, Andrew Bosworth, is a big fan of his Mercedes AMG EQS. More recently, he drove a Honda Accord for 10 years and then a Tesla Model S for another decade, Bosworth said. His Tesla Model S, Bosworth said, "had a thing happen to it while it was parked." AdvertisementSpringing for a Mercedes AMG EQS isn't cheap: The 2023 luxury sedan has a retail price of $147,550. The interior of the Mercedes AMG EQS.

Persons: Andrew Bosworth, Mercedes AMG, Bosworth, EQS, —, Mercedes, Getty Mercedes Organizations: Mercedes, Benz, Service, Getty, Honda Accord, Tesla

☆ Bitcoin's back on top, but it's not a boon for everyone in the space
▼ + stars: | 2024-03-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at bitcoin's latest rally and what's driving it so high this time around . The milestone comes amid a massive rally for bitcoin over the past month, where its price has surged almost 60%. Business Insider's Phil Rosen has a full rundown on what's pushing bitcoin's price so high this time . SOPA Images / GettyA boon for bitcoin doesn't mean everyone in the space wins. The insider I spoke to said there's no single, agreed-upon narrative for what's driving crypto toward a new peak.

Persons: —, you've, Phil Rosen, BlackRock's, Jamie Dimon, there's, Tom Williams, Doom, Roubini, BofA, Li Qiang, headwinds, Mark Zuckerberg's, Andrew Bosworth, Sam Altman's, Altman, Hugo Herrera, Lachlan Murdoch, Nordstrom, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Bitcoin, JPMorgan, Bank of America, Beijing, Apple, Getty, European Commission, Employees, BI, Boomers, Fox, Target Locations: bitcoin, China, Chengdu, Southwest China's Sichuan, New York, London

☆ Meta aims to reveal and demo Orion, its first true AR glasses, during its fall developer conference
▼ + stars: | 2024-02-27 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Meta plans to show off years of work on new augmented reality glasses during its developer conference this year. While the AR glasses will not be for sale to the public after the reveal, a handful of employees are already experimenting with advanced prototypes, one of the people noted. The AR glasses are a separate product from Meta's better-known Ray-Ban smart glasses and Quest headsets. He posted a photo to Threads earlier this month showing several versions of Meta glasses on his desk. So far, Meta's AR glasses are costly to produce, much less sell at retail.

Persons: what's, Ray, Andrew Bosworth, Mark Zuckerberg, Bosworth, Kali Hays Organizations: Orion, Reality Labs Locations: khays@insider.com

☆ Meta's CTO drags the Apple Vision Pro for being 'very uncomfortable'
▼ + stars: | 2024-02-15 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Andrew Bosworth, Meta's CTO, said in a recent Q&A on his Instagram that several issues stood out to him after he tried Apple's new headset. The Vision Pro's main competitor is Meta's own Quest series of VR headsets. The first generation of Vision Pros are selling for $3,500, which dwarfs the Quest 3's $500 price tag. Bosworth, like many other reviewers, was critical of the Vision Pro's hefty weight, saying that before long he'd found it "very uncomfortable to use." Bosworth's analysis of the Vision Pro echoed Zuckerberg's earlier critique.

Persons: —, Zuckerberg, Andrew Bosworth, Bosworth, that's, Meta's Organizations: Service, Vision, VR, Business, Apple Vision, Apple

☆ Facebook is turning 20. Now Mark Zuckerberg is figuring out what comes next for Meta.
▼ + stars: | 2024-01-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg has been steering the ship since he cofounded Facebook almost 20 years ago. Unlike some of the other founding fathers of major tech firms, the Meta CEO has not yet handed over the reins to someone else. This story is available exclusively to Business Insider subscribers. Meta didn't respond to a request for comment from Business Insider.

Persons: —, Mark Zuckerberg, Jeff Bezos, Larry Page, Zuckerberg, Josh Edelson, Linette Lopez, Andrew Bosworth, it's, It's, Bill Gates, Warren Buffett Organizations: Service, Facebook, Business, Meta, Getty, Bloomberg, Reality Labs, Microsoft, Berkshire Hathaway Locations: AFP, Berkshire

☆ Exclusive: Meta's head of augmented reality software stepping down
▼ + stars: | 2023-11-17 | by ( Katie Paul | ) www.reuters.com time to read: +3 min

REUTERS/Eric Gaillard/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - Meta's (META.O) head of augmented reality software is stepping down from his role, a company spokesperson told Reuters on Friday, raising questions about the company's progress in developing a custom operating system for its planned AR glasses. A Meta spokesperson confirmed Box would be leaving the company at the end of this week and said he was doing so for personal reasons. It aims to ship its first AR glasses to consumers in 2027. The Meta spokesperson declined to address the roadmap or whether the OS that Box's team was building would be in the first generation AR glasses. Box is known for having led the creation of the Xbox One operating system and later heading Microsoft's core operating system group, which works across all Windows products.

Persons: Eric Gaillard, Don Box, Mark Zuckerberg, Andrew Bosworth, Meta, Katie Paul, Kenneth Li, Daniel Wallis Organizations: Cannes Lions International, Creativity, REUTERS, Meta, Reuters, Labs, Microsoft, Xbox, Thomson Locations: Cannes, France

☆ Mark Zuckerberg ignored top executives' calls for improved teen wellbeing and vetoed removal of cosmetic surgery filters, lawsuit claims
▼ + stars: | 2023-11-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

It claims that Mark Zuckerberg ignored global affairs boss Nick Clegg's calls for more investment in teen wellbeing. It also says he vetoed work to ban cosmetic surgery filters that experts said were harmful to mental health. AdvertisementAdvertisementMark Zuckerberg ignored top Meta executives' requests to tackle child safety concerns, according to a lawsuit filed by the Massachusetts attorney general. AdvertisementAdvertisementClegg added that its current wellbeing work was "both understaffed and fragmented," according to the complaint. But the suit says that Zuckerberg "ignored Clegg's request for months" while Meta's leadership continued to publicly advocate for the need to invest in wellbeing.

Persons: Mark Zuckerberg, Nick Clegg's, —, Meta, Nick Clegg, Clegg, Zuckerberg, DANIEL LEAL, Adam Mosseri, Andrew Bosworth Organizations: Meta, Service, Injury, Getty Locations: Massachusetts

☆ Mark Zuckerberg ignored teen and user safety warnings from Meta executives
▼ + stars: | 2023-11-08 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

The disclosures highlight Zuckerberg’s sway over decisions at Meta that can affect billions of users. And they also shed light on tensions that have occasionally arisen between Zuckerberg and other Meta officials who have pushed to enhance user well-being. In response to the newly unsealed communications, Meta spokesman Andy Stone said such image filters are commonly used in the industry. “These unreacted documents prove that Mark Zuckerberg is not interested in protecting anyone’s privacy or safety. “Clegg’s comments follow a pattern and practice at Meta where employees repeatedly flagged under-investment in well-being tools, despite having the research,” Qureshi said.

Persons: Mark Zuckerberg, —, Zuckerberg, Adam Mosseri, Global Affairs Nick Clegg, Karina Newton, Fidji Simo, Margaret Gould Stewart, Simo, Mosseri, Stewart, Newton, Andrew Bosworth, Andy Stone, ” Stone, “, Stone, Meta, Clegg, Frances, Instagram, Haugen, ” Zuckerberg, Susan Li, Li, David Ginsberg, Ginsburg, Li “, Arturo Bejar, Bejar, Instagram’s, ” Bejar, I’ve, ”, Sacha Haworth, Zamaan Qureshi, ” Qureshi Organizations: CNN —, Facebook, Global Affairs, Massachusetts, Meta, CNN, ” Tech, Technology, Tech Locations: Massachusetts, United States, Mosseri

☆ Q&A: White House AI advisor says US is 'catching up' to the tech, as Biden's new executive order demands transparency for the world's biggest AI models
▼ + stars: | 2023-10-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +9 min

President Biden just signed an executive order regarding the development and use of AI technology. The broad executive order touches on more than a dozen possible uses of AI and generative AI that already are, or could in the future, directly impact people's lives. The size threshold is so high that currently most available models do not meet the criteria for further transparency called for in Biden's executive order. Although all of the major tech companies earlier this year agreed to adhere to standards of responsibility and training in their AI work. Do you think AI is in a hype cycle, and everybody's overreacting to what it's going to mean?

Persons: Biden, Ben Buchanan, —, Buchanan, Andrew Bosworth, We're, everybody's, Ben, Kali Hays Organizations: Service, White, Office of Science, Technology, Monday, Meta, Google, Microsoft, National Institute of Standards, Biden White House, Department of Commerce . Technology, Atomic Energy, Defense, EO Locations: United States, khays@insider.com

☆ Meta's unique approach to developing AI puzzles Wall Street, but techies love it
▼ + stars: | 2023-10-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +18 min

If the world's leading AI researchers use Llama, Meta could have an easier time hiring skilled technologists who understand the company's approach to development. Spisak helped oversee PyTorch and other open source AI projects when he worked at Meta from 2018 until January 2023. Although a number of open source LLMs are available, Lambert said Llama 2 is by far the most popular. "Facebook was not and that's sort of how they move forward and democratizing this, giving sort of broad access to open source. However, open source doesn't always win, and Padval acknowledged that "in this case, I don't know how it's going to evolve."

Persons: Mark Zuckerberg, Josh Edelson, Mark Zuckerberg's multibillion, Joseph Spisak, that's, Zuckerberg, Meta, Andrew Bosworth, Yann LeCun, isn't, Susan Li, Spisak, Cai GoGwilt, GoGwilt, OpenAI's, Ahmad Al, Dahle, he's, Jim Fan, Arjun Bansal, Jensen Huang, Nathan Lambert, Lambert, Critics, Umesh Padval, " Lambert, Nvidia's, Fan, Meta's, Taka Ariga, Ariga, Claude, Elon Musk, Tesla, Nur Hamdan, OpenAI's GPT, Sam Altman, Guido Appenzeller, Thomvest's Padval, Padval Organizations: Meta, AFP, Getty, Microsoft, Industry, Linux, Microsoft Windows, Facebook, Twitter, Finance, Google, AI Research, FAIR, Apple, Nvidia, Web Services, Thomvest Ventures, TC Cowen, United, United Arab Emirates, U.S, Government, AWS, Bloomberg, Amazon, VMware, Intel, Red Hat Locations: Menlo Park , California, Taiwan, United Arab, Washington, Elon, Hamadan, Seoul, South Korea

☆ Meta has Apple to thank for giving its annual VR conference added sizzle this year
▼ + stars: | 2023-09-30 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +7 min

The iPhone maker in June announced its Vision Pro mixed-reality headset at an eyepopping price of $3,499 when it goes on sale next year. "There's curiosity for sure with Apple entering the market," said Tom Symonds, CEO of the UK-based VR firm Immerse. Apple CEO Tim Cook stands next to the new Apple Vision Pro headset. At its high price point, the Vision Pro will likely be more of a product for businesses, Seitz said. Initially, the price is too high and the Vision Pro will require users to wear a battery pack, creating an added nuisance during a workout.

Persons: Andrew Bosworth, Josh Edelson, Mark Zuckerberg, it's, Tom Symonds, Meta, Zuckerberg, Tim Cook, Justin Sullivan, Aneesh Kulkarni, Kulkarni, Josette Seitz, Seitz, Gaspar Ferreiro, Apple, Ferreiro, Jeffrey Morin, Morin, Litesport, " Morin, Apple's Organizations: Facebook, Meta, AFP, Getty, VR, Menlo, Apple, Street, Apple Vision, Baltu Technologies, Car Studios, Vision Locations: Menlo Park , California, Web3, billings

☆ The strange, improbable rise of Mark Zuckerberg 3.0
▼ + stars: | 2023-07-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +27 min

In early July, Mark Zuckerberg unveiled the latest and perhaps most consequential product in Meta's history: a new model of Mark Zuckerberg. Silicon Valley Zuck was a husband and father with a legacy to build and protect at all costs. Silicon Valley Zuck was suddenly faced with something he'd never dealt with before, shrinking revenue. Still clinging to his persona as Silicon Valley Zuck, Zuckerberg engaged in an all-out media blitz to hawk his vision for the metaverse. They were the sort of people Harvard Zuck would have scoffed at and Silicon Valley Zuck would have gently ignored.

Persons: Mark Zuckerberg, Elon Musk, Joe Rogan, Zuckerberg, Clark Kent, TikTok, Sheryl Sandberg, Mike Schroepfer, Wall, McKinsey Zuck, Rogan, Meta, Harvard Zuck, —, Priscilla Chan, Ray's, pullover, Harvard Zuck —, Dianna, Mick, McDougall, Paul Sakuma, Zuckerberg's, Apple, Facebook, he'd, That's, Frances Haugen, Chris Cox, Zuck, Zach Gibson, Meta's, Sandberg, Marne Levine, who'd, Javier Olivan, he's, bode, Bain, Maher Saba, Lori Goler, He's, He'd, Katie Harbath, it's, Andrew Bosworth, Bosworth, Mark Zuckerberg McKinsey Zuck, Mark Shmulik, Bernstein, Augustus, Julius Caesar, Kali Hays Organizations: Meta, Menlo, Harvard, Apple, McKinsey, Business, Facebook, Cambridge, Capitol, Labs, Menlo Park, Q, Bain & Company, Reality Labs, Wall, Mark Zuckerberg McKinsey, Phillips Exeter Academy, Tech, Twitter Locations: California, Hawaii, United States, Davos, Silicon, contrition, Meta, verbiage, Harvard, Rome

☆ Blind and other anonymous forums are 'places of pure misery,' says Redfin's CEO – but also let workers 'speak truth to power'
▼ + stars: | 2023-07-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The CEO of real estate brokerage Redfin said anonymous forums are "places of pure misery." "Anonymity lets us slander one another without consequences, but it's also the only way to speak truth to power," Kelman said. "That led us to think there's a need for a third-party forum where people have the freedom to talk honestly about work," Kim said. "I was living there for six months and met with Amazon employees and signed them up in person – that's how we started flying." He also hosted parties and barbecues and invited Amazon workers so Blind could get more signups through word-of-mouth.

Persons: Redfin, Glenn Kelman, they're, Kyum Kim, it's, Kelman, Kim, Andrew Bosworth, Christian Charisius, Redfin didn't Organizations: Service, Meta, Twitter, Microsoft, Google, Korean, Amazon Locations: Wall, Silicon, Korea, California, Seattle

☆ Meta's new Threads app gained an 'unprecedented' 150 million downloads in under two weeks. Now it has to keep users happy.
▼ + stars: | 2023-07-14 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

With 150 million downloads, Threads set a new record for app growth far surpassing Pokémon Go. Threads has kept about 100 million active users a week, according to a data research firm. Instagram Threads continued to set a growth record into its second week, surpassing 150 million downloads of the app. 100 million active users a week is about one-fifth of the user base of Twitter, Data.ai added. When Zuckerberg posted on Sunday about hitting 100 million sign-ups, that meant Threads had seen an average of 20 million sign-ups each day.

Persons: Pokémon, Randy Nelson, Nelson, Data.ai, Elon Musk, Mark Zuckerberg, Chris Cox, I've, Zuckerberg, Cox, Andrew Bosworth, Naomi Gleit, Charles Organizations: Twitter, Meta, Elon, CNBC Locations: Niantic, India, Brazil, US, Mexico, Japan

☆ Meta CTO: We didn't rush Quest 3 VR headset because we were worried about Apple Vision Pro
▼ + stars: | 2023-07-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Meta CTO addressed speculation the company rushed to announce its Quest 3 headset because of Apple. Meta announced its Quest 3 headset four days before Apple unveiled its $3,500 Vision Pro at WWDC. Apple Vision Pro? The news came just four days before Apple announced its first "mixed reality" headset, the Vision Pro with a whopping $3,499 price tag, at its annual WWDC event. The Apple Vision Pro was announced four days after Meta's Quest 3.

Persons: Andrew Bosworth, Meta, Mark Zuckerberg's, Meta Bosworth, Boz, that's, Apple Boz, Bosworth Organizations: Apple, Meta, Quest, Morning, Mark Zuckerberg's Facebook, Apple's, Pro, Meta's, Apple Watch

☆ Meta exec calls Apple Watch Ultra 'infuriating' because of accidental shutoffs
▼ + stars: | 2023-07-11 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Andrew Bosworth, Meta's CTO, shared his thoughts on the Apple Watch Ultra during his Instagram Q&A. The exec, who goes by Boz, said he's frustrated at how the watch keeps shutting off mid-workout. A Meta executive has some qualms with the Apple Watch Ultra, the iPhone maker's most advanced smart watch to-date. Andrew Bosworth, the chief technology officer of Meta, was asked to share his thoughts on Apple's smart watch during a Q&A he hosted on his Instagram. The $799 Apple Watch Ultra is the company's most advanced smart watch to-date.

Persons: Andrew Bosworth, Boz, he's, It's, Apple's, Bosworth, Apple, Christopher Allbritton, Allbritton, Antonio Villas, Boas, Song Organizations: Apple, Morning, Apple Watch, CNN

☆ Meta's CTO was asked whether the term 'metaverse' did more harm than good. He chuckled and compared it to the early confusion over the word 'internet.'
▼ + stars: | 2023-07-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Bosworth was asked whether he felt the term "metaverse" did more harm than good. But if you're still scratching your head over the term "metaverse," don't worry, Meta's chief technology officer gets your confusion. He then compared the ambiguity around the definition of the metaverse to the confusion people experienced in the early 1990s when they were making sense of the internet. At the same time, Bosworth admitted that Meta never expected its rebrand — and by extension the term metaverse — to garner so much attention. Reality Labs was included in Meta's recent layoffs, and Zuckerberg seems to have since shifted focus to AI.

Persons: Andrew Bosworth, Instagram . Bosworth, Mark Zuckerberg's, It's, Andrew Bosworth –, Bosworth, Meta, —, Mark Zuckerberg, Zuckerberg Organizations: Facebook, Reality Labs Locations: Instagram .

☆ Meta just secured a patent for AI generated ads, which could give the company a needed boost
▼ + stars: | 2023-05-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

CEO Mark Zuckerberg said earlier this year he wanted to "turbocharge" Meta's generative AI work. Meta is pushing forward with generative AI projects aimed at bolstering its still-recovering advertising business. What's described in Meta's new patent is the alteration and creation of new or "enhanced" ad content through the use of generative AI. In February, Zuckerberg said he was creating "a new top-level product group" at the company to "turbocharge" work in genAI. Instead, an advertiser will have the option to "ask the AI, 'Make images for my company that work for different audiences,'" Bosworth said.

☆ The Metaverse, Zuckerber's Tech Obession, Is Officially Dead. ChatGPT Killed It.
▼ + stars: | 2023-05-08 | by ( Ed Zitron | ) www.businessinsider.com time to read: +11 min

The Metaverse, the once-buzzy technology that promised to allow users to hang out awkwardly in a disorientating video-game-like world, has died after being abandoned by the business world. After a much-heralded debut, the Metaverse became the obsession of the tech world and a quick hack to win over Wall Street investors. Once the tech industry turned to a new, more promising trend — generative AI — the fate of the Metaverse was sealed. But the short life and ignominious death of the Metaverse offers a glaring indictment of the tech industry that birthed it. Roblox, an online game platform that has existed since 2004, rode the Metaverse hype wave to an initial public offering and a $41 billion valuation.

☆ Mark Zuckerberg says he is absolutely not abandoning the metaverse as company division loses $4 billion
▼ + stars: | 2023-04-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg denied that Meta was pivoting its focus from the metaverse to AI. "We've been focusing on both AI and the Metaverse for years now, and we will continue to focus on both," he said. The division that houses Meta's AR and VR projects posted a $4 billion loss in the first quarter. Meta CEO Mark Zuckerberg says he isn't abandoning the metaverse, even as the division of the company that manages its virtual and augmented reality projects lost $4 billion in the first quarter. "A narrative has developed that we're somehow moving away from focusing on the metaverse vision," Zuckerberg told investors on Wednesday.

☆ A Meta executive reportedly warned staff last year that 'we have a significant gap' when it comes to AI
▼ + stars: | 2023-04-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

A Meta exec warned last year that the company is falling behind in the AI race, Reuters reports. "We have a significant gap in our tooling, workflows and processes when it comes to developing for AI. AI systems require more computing power, as its training requires the system to sift through a large amount of data. Reuters reported that Meta similarly began focusing on converting its generative AI research into sellable products after the launch of ChatGPT in November. A Meta spokesperson told Reuters Meta has been working on generative AI products for over a year.

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