What the hell are they even spending all this money on when they don’t have much to show for it?
Could it be that people don’t want to pay money to strap advertising machines on their faces? Has the robotic Augustus Caesar LARPer lost touch with the common people?
No, it is the plebeians that are wrong.
He’s taking the territory early.
Others will be less willing to develop if they must compete with a loss-tolerant Meta with years (and billions of dollars) already invested.
I want VR and much of what he’s got people working on. I just don’t want it from them. Or Google. Or most tech bigs.
I want VR from someone better too. But still gonna use the Quest 3 for now. It’s pretty awesome. I don’t know how long I would have to wait for something worth using to come from someone else. But it’s longer than I would want to. Been in VR for 10 years now, and it’s still awesome.
Meta’s AI division is under Reality Labs. A lot of this money is buying GPUs and training models: https://en.m.wikipedia.org/wiki/Reality_Labs
Yep, and Llama 3.1 just came out, which is the most open state-of-the-art LLM out right now.
Just how? What are they all doing there? According to the wiki Reality Labs have 17,000 employees. They didn’t create anything that a company of 1,000 couldn’t.
It’s a typical silicon valley situation. Half of those people are likely doing next to no work, and the management doesn’t even know who they are
Nonsense, management has setup meetings throughout the day so that the people that are actually working only get about an hour’s worth of actual work done
$4.5 Billion loses in a single quarter! Where is all this money going?
Zuckerbergs lip filler.
Well, about half of that is probably salary. There are apparently 17,000 Reality Labs employees. If you assume the average salary is 100K or more, which is reasonable for tech jobs in high COL areas, you’re already looking at a couple billion after benefits that the company has to spend on headcount. The other spend is probably third-party contracts, hardware, etc.
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And I assume all the shareholders were fine with this?
i mean, the main concern for most shareholders is the stock price, and meta stock price in the last 6 months has gone up 20% and 47% on the last year, im pretty sure most of them are happy as long as the bubble keeps going up
I mean, that’s kinda circular isn’t it? Them being happy, being why the stock goes up.
Thats debatable, he asked if shareholders were happy with meta burning billions, if the shareholders werent happy they would be looking for an out and making the stock price go down, them being fine with it makes it so buying stock becomes more expensive as people is holding and the value goes up.
