Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

ByteDance Is Scaling Back its VR Ambitions

TheMotleyFool

0 0

ByteDance Is Scaling Back its VR Ambitions: https://g.foolcdn.com/editorial/images/754231/featured-daily-upside-image.png

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Virtual reality's grim reality has finally sunk in for TikTok parent Bytedance.

The company invested heavily in virtual reality in 2021, back when Mark Zuckerberg's foray into the metaverse had everyone convinced VR was tech's Next Big Thing. It isn't. AI is. And now ByteDance is undergoing a sweeping restructuring and scaleback of its VR division, according to a Financial Times report on Tuesday.

Source Fool.com

Like: 0

fdd5b5ea-c4de-48e9-bd23-652df4f79b9b

Share