Serious question. WHAT EXACTLY sits in Reality Labs? You can't expect me to believe the oculus vr glasses cost 4.4bn in R&D.
All the LLM money is in here. Theyre spending a billion a quarter on training compute alone.
Meta's Reality Labs posts $4.4B loss in third quarter
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Re: Meta's Reality Labs posts $4.4B loss in third quarter
#22…how?! Can someone smarter than me please do the math and figure out how a company burns through >$17 billion dollars in a single year developing anything?
If you go by the chart at the link, they've lost 54.9 billion dollars since Q4 2020. [1] Do they have any products that can, even in principle, recoup that kind of loss? Is there some kind of tax scheme that can explain this? [1] - From Q1 2020 to the present: (2.1 + 1.83 + 2.43 + 2.63 + 3.3 + 2.96 + 2.81 + 3.67 + 4.28 + 3.99 + 3.74 + 3.74 + 4.65 + 3.85 + 4.49 + 4.43) -- The trend is clearly accelerating. Could build…
The iPhone is a product that is easily worth $1 trillion. That is the goal here, 30% of all money that changes hands while using VR for most consumers.