Speaking to NDTV Profit at the 2026 Annual Meeting in Davos, Li, who serves as the Head of AI data and Metaverse at WEF, labelled India's market potential as undeniable, at least when it comes to AI.

Reality Labs has lost more than $70 billion since the start of 2021 because many of the investments aren’t yet generating meaningful revenue.

Meta plans to cut around 10% of the employees in its Reality Labs division who work on products including the metaverse, the New York Times reported on Monday, citing three people with knowledge of the discussions.

Cuts that high would most likely include layoffs as early as January, according to the people, though a final decision has not yet been made.

Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.

Meta posted $56 billion in revenue for Q3 2025, up 26 percent year-over-year, but its Reality Labs division recorded a $4.4 billion loss, despite strong AI glasses sales. The unit, which handles Quest headsets and AR glasses, has now amassed over $70 billion in total losses since 2020, underscoring Meta’s continued struggle to make its metaverse ambitions profitable...

Vishal Shah has been vice-president of Metaverse since 2021.

Vishal Shah is a long-time insider who brings a deep product background to the new role.

Vishal Shah was in charge of product management for Instagram at Meta for over six years before becoming vice president of Metaverse.

The restriction extends to AI-generated and Metaverse formats, marking one of the first such judicial protections against digital misrepresentations

Meta showed off new smart glasses on Wednesday as it continued to bank on a lifestyle shift toward blending reality and virtual space despite the efforts inflicting heavy financial losses.

Meta Connect 2025 is set to kick off tomorrow (Thursday). It is the company’s annual event where it showcases its latest hardware developments, AI solutions, and metaverse technologies. At Connect 2025, Meta is reported to announce a new pair of smart glasses with a built-in display. It could also introduce the rumoured Oakley Meta Sphaera, geared towards cyclists a...

A new report warns that tobacco and vape companies are exploiting the metaverse to target young people through digital tokens and game sponsorships.

Participants are paid Rs 590 (1,000 Japanese yen) just for 100 seconds of brainwave scanning by the firm.

Bitget plans to educate over 3,00,000 individuals across eight countries, including India, Brazil, Malaysia, and Morocco among others, in partnership with UNICEF Luxembourg . "Bitget Academy", the educational arm of exchange, will create a training module teaching how to create video games using the blockchain technology. 

The TRN Odyssey initiative will fund promising Web3 gaming projects that are built on the TRN Layer-1 blockchain. Developers can fetch investments between $10,000 (roughly Rs. 8.5 lakh) and $1 million (roughly Rs. 8 crore) through this initiative.  

Grand Theft Auto 6 could potentially feature custom and modifiable game environments, cosmetic items and assets, bringing external intellectual property within the game. Developer Rockstar Games has reportedly had contact with Fortnite and Roblox creators and could allow them to add custom items, assets and experiences to GTA 6.

String Metaverse eyes USD 1 bn monthly trade volume on digital advisory platform String X in 3 years

String Metaverse eyes USD 1 bn monthly trade volume on digital advisory platform String X in 3 years

Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”

China plans to work on new database solutions that would be supported on blockchain networks, it said in the guidelines. These solutions are expected to bring multi-centralisation and reliable consensus in an unalterable and easily traceable way to the table.  

Jeju Island authorities reportedly plan to boost tourism by integrating NFT technology into their strategy. A report stated that, starting in 2025, the island would introduce digital visitor cards backed by NFTs that could offer holders exclusive benefits.

Meta has released an AI model called Meta Motivo. The model, that can control the body movements of digital avatars, is expected to make the overall metaverse experience better.

EY has launched a service called eVe that essentially offers a warm-up pre-interview preparation for candidates applying for a job at the company. People can ask eVe about EY’s compensation benefits, pension plans, and other related follow-up questions.