The Information website cites sources from current and former employees of Meta Reality Labs, the department responsible for developing VR/AR glasses and the metaverse. It has been revealed that the Reality Labs division will face a budget cut of 20% from 2024 to 2026 due to falling revenues not meeting expectations and ongoing high expenses.
However, the budget cut does not necessarily mean Mark Zuckerberg will abandon the dream of creating the metaverse, as The Information also mentions plans for future VR/AR glasses as follows:
– The affordable Quest 3S or Quest 3 version will be launched in September 2024
– VR glasses for the consumer market, with Pismo High (Quest 4) and Pismo Low (Quest 4S or affordable version) slated for release in 2026
– VR glasses for the pro market with the codename La Jolla (Quest Pro 2 or another name) set to be released in 2027
Sources: The Information, Road to VR, UploadVR
TLDR: Budget cuts at Meta Reality Labs’ Reality Labs division won’t stop the development of upcoming VR/AR glasses, including the Quest 3S, Pismo High and Low, and La Jolla models in the coming years.
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