Meta And Magic Leap Reportedly In Talks Over AR Tech As Apple Headset Nears

To date, Meta hasn’t managed to construct a killer metaverse product regardless of burning billions of {dollars} into analysis and growth. In keeping with The Info, Meta has even stopped pitching metaverse desires to traders. To date, Zuckerberg has pinned the corporate’s future on metaverse success, however poor person rely hasn’t actually helped investor considerations. Meta’s metaverse targets additionally took a backseat as OpenAI’s ChatGPT began a fiery AI race throughout the business. 

It appears Meta does not wish to be left behind, even when which means placing its metaverse ambitions apart a bit. In an interview with Nikkei Asia, the corporate’s CTO Andrew Bosworth and product chief Chris Cox revealed that they are now spending most of their time brainstorming over AI alongside Zuckerberg. In such a dangerous situation the place the patron tech business is getting ready to an unpredictable shift, the Magic Leap partnership may assist Meta in methods a couple of.

Licensing Magic Leap’s AR tech could save Meta billions of {dollars} in product-side analysis and growth, one thing that could be notably interesting as the corporate goes by way of a “12 months of effectivity” and has laid off practically 20,000 workers because of this. Plus, Magic Leap’s manufacturing amenities in North America is not going to solely save Meta the trouble of sustaining a fickle provide chain however may put it aside from the geopolitical warmth between the U.S. and China that’s disrupting the enterprise of key stakeholders, with the newest being Micron.