Tag

metaverse

Tencent Scraps Plans For VR Hardware As Metaverse Bet Falters

Reuters reported that Tencent Holdings is  abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut cost and headcount at its metaverse unit, three sources familiar with the matter said. According to Reuters, the world’s largest video game publisher had ambitions plans to build both virtual reality software and hardware

JenThorpe

John Carmack Is Leaving Meta

John Carmack, a pioneer of virtual reality technology, is leaving Meta after more than eight years at the company, according to an internal post reviewed by The New York Times. The New York Times reported that in the post, which was written by Mr. Carmack, the technologist criticized his employer. He said Meta, which is in the midst of transitioning

JenThorpe