Meta increased its capital spending by $10 billion because it “continued to underestimate” its compute needs, said its CFO.

A once-booming market for virtual real estate left early believers holding assets with little demand. Five years ago, tech angel investor Chris Adamo and a few friends jumped on a burgeoning trend in the digital asset world: they used a virtual real estate broker to buy 23 parcels of property in a metaverse called The Sandbox.

Apple seems to be done with its Vision Pro headset. Valve's Steam Frame still has no release date or price. VR gaming is in dire straits.

Shares of Facebook parent Meta dropped more than 4% on Friday, showing rare vulnerability for the powerhouse stock after a pair of landmark court rulings, and on the heels of the decline of its much-hyped metaverse and another delay of its AI model.

Neil Stephenson introduced the metaverse as a concept in his 1992 novel Snow Crash, where he depicted it as a digital realm where users, represented by avatars, engage in a simulated reality. Fast-forward more than 30 years, and the concept is often ...

Meta reported its fastest revenue growth in five years, but shares fell nearly 9% as investors reacted to a $10 billion capital expenditure hike and a 20 million drop in daily users. The company now plans to spend up to $145 billion in 2026, largely on AI ...

The post-Lehman Brothers tech industry was a bright star in an otherwise gloomy economy. Buoyed by record-low interest rates (which, in effect, translated into a near-limitless supply of investor capital), startups and unicorns alike could spend lavishly ...

The term "metaverse" has been around for decades but has recently gained significantly more attention as tech companies like Facebook, Microsoft and Roblox have invested in shared virtual spaces where people can interact with each other and digital objects ...

This article originally appeared on Business Insider. The Metaverse, the once-buzzy technology that promised to allow users to hang out awkwardly in a disorientating video-game-like world, has died after being abandoned by the business world. It was three ...

A research team at Chulalongkorn University is transforming chemistry education through an immersive 3D "Chemistry Metaverse," a platform that blends gaming with scientific training to expand access,