Meta’s future in Durham uncertain amid North Carolina push

Meta Platforms Inc declined to comment on its planned plans to open new Reality Labs offices in Durham, North Carolina amid a significant downturn in its immersive tech subsidiary’s operations, The News and Observer mentioned Friday.

The news comes weeks after the Menlo Park-based tech giant listed several jobs on LinkedIn to hire at its Research Triangle Park center in North Carolina. The company has also listed positions in other US technology centers, including New York, San Francisco and Austin.

Media news outlets revealed in June that the company was aiming for hiring in the major tech city, with WRAL stating its presence would be “significant,” citing anonymous sources familiar with the matter.

The news comes after Reality Labs lost an reported $10 billion in revenue, with $2.8 billion in operating losses in the second fiscal quarter.

according to Roger Christman, Associate Professor of Communication and Simulated Game Design at William University of PeaceAccording to the News & Observer,

“Because we have Epic, IBM, Cisco, there’s some talent here already,” he said. “So, I think not only from universities, but from competing companies, there is a lot that Meta can recruit from.”

Meta platform updates, wins

This news comes amid several major updates from the company, specifically after Founder and CEO Mark ZuckerbergAnd the open On the Joe Rogan Experience podcast earlier in August, the upcoming VR headset, widely reported as Project Cambria, will appear in October of this year.

Brand new metaverse too Expanded its partnership With Qualcomm Technologies for its latest Snapdragon processors, Cristiano Amon revealed in a keynote speech at IFA Berlin 2022.

Induction hoists Snapdragon from Qualcomm XR chipsets for its Quest headphones, including the upcoming Cambria that uses the Santa Clara-based company’s XR2 processors.

Meta also recently won a legal dispute against the US Federal Trade Commission over a lawsuit to prevent the company from buying a VR company within Unlimited, which led to Zuckerberg being dropped as a defendant in the case.

Meta Platforms has agreed to discontinue the acquisition, to me Deposit. The FTC launched the case after accusing Meta of building a “virtual reality empire” with a series of acquisitions to cement its position as a major VR company, which the company vehemently denied that its plans would reduce competition in the market.

Source link

Related Articles



Please enter your comment!
Please enter your name here

Same Category