Augmented Reality Archives

Augmented Reality

2 July, 2023

Shanghai eyes nearly $7B from metaverse investment in culture, tourism sectors

Following initiatives from neighboring cities, Shanghai is building its metaverse ambitions under a recently published roadmap focusing on revitalizing its...

Business

Wahid Pessarlay

12 June, 2023

Apple acquires AR headset startup Mira: report

AR startup Mira provides hands-free headsets with a range of industrial applications in the steel, mining, chemical, and defense industries.

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Business

Steve Kaaru

9 February, 2023

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers...

Meta investors panic as Zuckerberg doubles down on Metaverse

Business

Steven Stradbrooke

31 October, 2022

Meta investors panic as Zuckerberg doubles down on Metaverse

Meta's shares tumbled after the release of its Reality Labs financial report, which saw an operating loss of $3.67 billion...

Metaverse market to generate $50B with finance sector adoption by 2026: report

Business

Wahid Pessarlay

4 August, 2022

Metaverse market to generate $50B with finance sector adoption by 2026: report

Technavio forecasts that by geographical segmentation, finance key players in North America will contribute the most to the advancement of...

Tech

Wahid Pessarlay

4 August, 2022

Hong Kong University of Science and Technology to launch metaverse campuses

The platform named MetaHKUST will use XR technology to provide an immersive study experience that will connect student and research...

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Patrick Thompson

22 Feb 2025

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