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Meta reveals new virtual reality development

Published

4 years ago

June 23, 2022

Virtual reality might not be as far into the future as you think

Meta announced earlier this year that it’ll spend over 10 billion dollars on virtual reality and augmented technologies.

This includes computerised glasses or headsets that the company’s CEO Mark Zuckerberg revealed on social media.

The new technology would aim to create a metaverse, superimposing digital objects over the real world.

If the company succeeds it will have a new revenue stream of hardware sales.

The virtual reality market is not currently saturated, with Meta leading headset sales.

Related Topics:meta Tech trending virtual reality

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.