Meta reconfirms its commitment to the metaverse

Dec 20 2022 by Engadget

While acknowledging that 2022 was "harder than we expected" for its metaverse plans, Meta remains committed to the technology, Reality Labs CTO Andrew Bosworth wrote in a blog post. To that end, the company is planning to put 20 percent of its total spending toward Reality Labs in 2023, with half of that going directly toward augmented reality (AR) initiatives — around the same amount as last year. 

Meta was criticized this year for putting billions toward metaverse projects and seeing a

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