This technology has cost Meta $60 billion. Why did Mark Zuckerberg chase it and lose tens of billions of dollars?
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Was the Meta VR headset project a failed one?
The number of consumers who purchased Meta's AR/VR headsets is very limited, and Zuckerberg was not the only one who invested lavishly in this tech segment. He was also followed by the likes of Apple, Microsoft, Google, and Sony, who have pumped in billions of dollars more but that has majorly gone into a lost cause for now.
Meta records massive losses in five years
Meta's AR/VR research investments have brought $60 billion in losses on this tech over the past five years, as per the entirety of filings. This is a shocking figure, but this may have been possible as the tech segment has been rather 'volatile', and Meta has faced stiff contest from the likes of Microsoft and Google, who are also big players in this field.
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Who are Big Tech CEOs?
Big Tech CEOs include the leaders of some of the top technology-powered companies in the world, including the likes of Google, Amazon, Apple, and others.
Is Mark Zuckerberg the richest man on the planet?
No, as of now Zuckerberg is the third-richest man on the planet, with Elon Musk being the leader of this pack as the richest billionaire.
Artificial Intelligence(AI)
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