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Technology
Gerald Lynch

Meta gets real about runaway VR costs, prepares for cuts (just as Apple joins the race)

Meta Quest 3.

Meta might have to adjust its AR and VR hardware ambitions, just at the moment it faces its biggest ever competition from Apple and its Vision Pro headset.

Mark Zuckerberg’s company has been ploughing billions of dollars into the development of a ‘metaverse’ digital world and associated hardware, but will have to rein back its spending, according to a new report from The Information.

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