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    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

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    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

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    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

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    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

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    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

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    Owls inspire new revolutionary noise reduction technology – KTEN

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    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

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Meta Slashes Custom Chipmaker Workforce Amid Renewed AR/VR Metaverse Push

October 4, 2023
in Business
Meta Slashes Custom Chipmaker Workforce Amid Renewed AR/VR Metaverse Push
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Meta Platforms, the tech giant leading the charge toward the metaverse, is reportedly preparing for a significant workforce reduction within its Reality Labs division.

This unit, known as the Facebook Agile Silicon Team (FAST), is responsible for creating custom silicon chips for Meta’s augmented reality (AR) and virtual reality (VR) products.

According to insider sources, the layoffs were announced via a post on Meta’s internal discussion forum, Workplace. The extent of the cuts remains uncertain, but their impact could be significant, potentially hindering CEO Mark Zuckerberg’s ambitious metaverse project.

With roughly 600 employees, the FAST unit has been instrumental in developing custom chips that differentiate Meta’s devices from competitors in the AR/VR market.

The cuts could particularly affect the development of AR glasses, a product Zuckerberg believes,

“Will redefine our relationship with technology.”

However, despite these challenges, Meta continues to innovate. The most recent news is that the company is developing products such as smart glasses and AR glasses. A first version is expected to be completed next year.

Read more: 10 Metaverse Platforms To Watch Out for in 2023

Meta’s struggles with chip production have been ongoing. The company has turned to external providers like Qualcomm for its current market devices.

This workforce reduction follows a series of layoffs. Around 21,000 jobs have been slashed since November last year as Meta attempts to control costs amid slowing revenue growth and high inflation.

Meta on the list of major tech layoffs in the past 3 years. Source: StatistaMeta on the list of major tech layoffs in the past 3 years. Source: Statista

Metaverse Push Renewed

Despite these setbacks, Meta continues to make strides in the metaverse. For instance, CEO Mark Zuckerberg recently showcased advancements in photorealistic avatar development using Meta’s Quest 3 headset.

This technology tracks facial expressions and encodes real-time facial data, resulting in highly realistic avatars.

While the technology is not yet consumer-ready, it has already received praise. Podcaster Lex Fridman lauded the experience as “the most incredible thing I’ve ever seen.” Coder Jelle Prins added,

“Nine minutes into the Lex/Mark metaverse podcast, I completely forgot I was observing avatars.”

Despite the impending layoffs, Meta remains committed to its metaverse vision. Its ongoing development of AI assistants for WhatsApp, Instagram, and Facebook, coupled with advancements in avatar technology, indicate that the company is poised to continue making strides in the metaverse, even as it navigates workforce restructuring and market challenges.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
This article was initially compiled by an advanced AI, engineered to extract, analyze, and organize information from a broad array of sources. It operates devoid of personal beliefs, emotions, or biases, providing data-centric content. To ensure its relevance, accuracy, and adherence to BeInCrypto’s editorial standards, a human editor meticulously reviewed, edited, and approved the article for publication.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BeingCrypto – https://beincrypto.com/meta-chipmaker-workforce-ar-vr-metaverse/

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