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It’s a bit shocking mostly because of the scale of investment. Meta alone has spent $36B on VR. To put this in perspective, iPhone development cost $3.6B. It’s
by bobthepanda 3y ago
It’s a bit shocking mostly because of the scale of investment.
Meta alone has spent $36B on VR. To put this in perspective, iPhone development cost $3.6B. It’s the fastest, largest single investment into a new technology. https://www.businessinsider.com/meta-lost-30-billion-on-metaverse-rivals-spent-far-less-2022-10?amp https://www.businessinsider.com/meta-lost-30-billion-on-meta...
- local_crmdgeon 3y agoFor the cost of this object, we could have built 3 new subway lines in NYC WITHOUT dealing with our cost disease. For the cost of the object, you could set up a university program to figure out Anglo cost disease, then build ~10 subway lines at Japanese costs. Asking why our society funds things the way they do is a very reasonable and responsible question
- bobthepanda 3y agoAs a slightly less wonky comparison, the entire market cap of Delta (the largest airline in the world by market cap) last year was $23B, so Facebook could've just outright purchased Delta and still had over $10B left over.
- ethbr1 3y agoAnd then they could have gotten Delta to build a virtual reality headset! (And possibly gotten a better outcome, seeing as Delta has a helluva lot more experience than Facebook with ergonomics and normal people)
- MikeTheRocker 3y agoThis is misleading. $36B is for all of Reality Labs, which includes Virtual Reality, but also their Augmented Reality glasses in development, Ray-Ban smart glasses, Horizon, Meta's AI org, the Portal product line (now discontinued), the unreleased smart watch, tons of R&D, etc.