Meta reported a 5% year-on-year increase in sales in its Reality Labs segment for the second quarter to 370 million US dollars, due to increased sales of AI glasses, partially offset by lower sales of its Quest VR headsets. As Reality Labs' expenses were 4.9 billion dollars, up 1% year-over-year, the unit made an operating loss of 4.5 billion dollars.
Meta said "the growth of Ray-Ban Meta (AI glasses) sales accelerated in Q2, with demand still outstripping supply for the most popular SKUs despite increases to our production earlier this year. We’re working to ramp supply to better meet consumer demand later this year."
Mark Zuckerberg, CEO of Meta, added: "I continue to think that glasses are basically going to be the ideal form factor for AI because you can let an AI see what you see throughout the day, hear what you hear, talk to you. Once you get a display in there, whether it’s the kind of wide holographic field of view like we showed with Orion or just a smaller display that might be good for displaying some information, that’s also going to unlock a lot of value."
"The other thing that’s awesome about glasses is, they are going to be the ideal way to blend the physical and digital worlds together. So the whole metaverse vision, I think, is going to end up being extremely important, too, and AI is going to accelerate that, too. It’s just that if you’d asked me five years ago, whether we’d have kind of holograms that created immersive experiences or superintelligence first, I think most people would have thought that you’d get the holograms first. And it’s this interesting kind of quirk of the tech industry that I think we’re going to end up having really strong AI first." Source: Meta
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