The META yuan universe department has a loss of nearly $ 5 billion in Q4. Since 2020, the cumulative loss has exceeded 60 billion U.S. dollars.

Reprinted from panewslab
01/30/2025·2MPaNews January 30 news, according to CNBC, Meta disclosed in the latest financial report that its RetITY Labs department recorded an operating loss of US $ 4.97 billion in the fourth quarter of 2024, with sales of 1.1 billion US dollars. Although losses are less than $ 5.4 billion expected by analysts, the cumulative losses have been over 60 billion U.S. dollars since 2020.
Last week, META plans to invest US $ 60 billion to 65 billion US dollars for artificial intelligence -related computing infrastructure construction in 2025.
Meta CEO Mark Zuckerberg has regarded VR and AR as the core technology for the construction of the Yuan universe since the acquisition of Oculus for $ 2 billion in 2014. However, Wall Street questioned the huge investment in Meta in the field of Yuan universe.