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AI & Enterprise

Meta Reality Labs posts $4 billion operating loss in Q1; cumulative losses top $80 billion

Meta’s metaverse business continues to post losses even as the company pours large amounts of money into AI, CNBC reported on April 29. Meta said its Reality Labs unit, which develops VR and AR technology and wearable devices, posted first-quarter revenue of $402 million and an operating loss of $4.03 billion. Wall Street had expected $488.8 million in revenue and a $4.82 billion loss. Cumulative operating losses have topped $80 billion since late 2020.

People

KakaoGames runs \'Friends Game Land\' outreach event at Severance Rehabilitation Hospital

KakaoGames said on April 23 it held a \'Friends Game Land\' outreach event on April 22 at Severance Rehabilitation Hospital in Seoul for 70 child patients. The programme is part of its CSR efforts to bring game experiences to children and adolescents with limited access to game culture. Since last year it has worked with Save the Children. It has run events at the hospital for three straight years.

Telecommunications & Media

Apple\'s next CEO John Ternus and why he differs from Tim Cook

Apple plans to hand the chief executive role to John Ternus in September. TechRadar reported that Tim Cook said he will transfer control to Ternus, Apple’s senior vice president of hardware engineering. Ternus has led hardware development for key products including iPhone, Mac and iPad. His engineering background, earlier VR work and student projects have drawn attention, along with differences from Cook in personal interests and communication style.