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Reality Labs

Virtual and augmented reality products company / From Wikipedia, the free encyclopedia

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Reality Labs is a business and research unit of Meta Platforms (formerly Facebook Inc.) that produces virtual reality (VR) and augmented reality (AR) hardware and software, including virtual reality headsets such as Quest, and online platforms such as Horizon Worlds. 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.[2]

Quick facts: Formerly, Founded, Headquarters, Area served,...
Reality Labs
Formerly
Facebook Reality Labs (2020⁠–⁠2021)
Founded2020 
HeadquartersUnited States
Area served
Worldwide
Key people
Products
Revenue US$2.16 billion (2022)
US$–13.72 billion (2022)
Number of employees
17,000 (2022) 
ParentMeta Platforms
Websiteabout.meta.com/realitylabs
Footnotes / references
[1]
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The Reality Labs unit is the result of the merger of several initiatives under Meta Platforms and the incorporation of several acquired companies. This includes CTRL-Labs founded by Thomas Reardon which develops non-invasive neural interface technology as well as Oculus, a company that was founded in 2012 by Palmer Luckey, Brendan Iribe, Michael Antonov and Nate Mitchell to develop a VR headset for video gaming.[3][4]