Meta to Shut Down Horizon Worlds Amid $80 Billion Loss
- Horizon Worlds will be removed from Quest devices by March and fully shut down by summer.
- The platform’s monthly active users peaked at only hundreds of thousands, falling short of expectations.
- Meta’s Reality Labs division has incurred losses close to $80 billion since its inception in relation to VR projects.
- Despite the closure, Meta plans to pivot towards artificial intelligence and smart glasses development.
- Meta signed a contract worth up to $27 billion with Nebius for AI infrastructure development.
The shutdown of Horizon Worlds marks a significant shift in Meta’s strategy as it reallocates resources from the metaverse towards technologies like AI, where it sees more potential for growth and innovation.
With losses nearing $80 billion, this decision underscores the challenges faced in the VR space and highlights Meta’s focus on emerging technologies instead. (Source)
