“Meta’s Reality Labs division, which is overseen by Bosworth and is home to the company’s metaverse technologies and projects, posted a $13.72 billion loss in 2022.”
Zuckerberg renamed the company after the metaverse in October 2021. Eighteen months and $13.72 billion in annual losses later, he, Chris Cox and Andrew Bosworth spend most of their time on AI. The first commercial use Bosworth names is generating multiple ad images for different audiences. The metaverse was the future until the ad business found a better one.