Meta's AR/VR Business Lost $7.7 Billion in the Past 6 Months

Reality Labs includes all of Meta’s virtual reality and augmented reality hardware, software and content.

The Quest 3 VR headset will start at $499.

But Meta still expects to lose more in this segment.

Meta leans into AI

Meta’s balance sheet was healthy overall, however.

Large language models are what power generative AI chatbots, likeOpenAI’s ChatGPTandGoogle’s Bard.

Qualcomm is also working with Meta to makeLlama 2 AI implementations available on phones and PCsstarting next year.