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A comment on Meta Reports First Quarter 2024 Results. Parent comment

Re:Meta Reports First Quarter 2024 Results by pie420 on Wednesday April 24, 2024 @04:49PM (#40149442)
it's very obviously "creative" accounting. Facebook is throwing lots of other expenses into the VR bucket to make other departments look better.
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Re:Meta Reports First Quarter 2024 Results by StressedDev on Wednesday April 24, 2024 @05:09PM (#40149680)
That is a very serious charge. Do you have any proof or are you just making things up?
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Re:Meta Reports First Quarter 2024 Results by threeseed on Wednesday April 24, 2024 @06:08PM (#40150399)
In June 2022, several artificial intelligence (AI) initiatives that were previously a part of Meta AI were transitioned to Reality Labs. This also includes Meta's fundamental AI Research laboratory FAIR which is now part of the Reality Labs - Research (RLR) division.

https://en.wikipedia.org/wiki/Reality_Labs

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Re:Meta Reports First Quarter 2024 Results by joshspankit on Wednesday April 24, 2024 @06:29PM (#40150642)
This is wild.

Their accounting could massively hurt the VR industry (to the point, the comment above about how it’s too bad VR can’t be profitable).

IMO it’s not AI or VR that will take over, but a combination of the two.

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Re:Meta Reports First Quarter 2024 Results by HDThoreaun on Wednesday April 24, 2024 @06:09PM (#40150413)
All the ai research is under reality labs through FAIR. Theyre spending billions on GPU buy alone. You can claim gen ai is a necessity for the metaverse but I do think its a bit misleading to say VR lost 4 billion this quarter when a huge amount of that went to an open source LLM
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