Meta has formed a partnership with Anduril Industries, eight years after the departure of founder Palmer Luckey. Despite previous tensions regarding Luckey's political affiliations, this collaboration aims to monetize extended reality (XR) products, something Meta has struggled with since rebranding from Facebook. With Reality Labs reporting significant losses, totaling billions invested over the years, Meta looks to leverage the U.S. military's budget to turn its XR investments profitable. CEO Mark Zuckerberg emphasizes the importance of this partnership to create future computing platforms.
Meta's partnership with Anduril Industries marks a significant strategic move to monetize extended reality products, amidst ongoing financial struggles in its Reality Labs division.
The collaboration aims to capitalize on the growing US defense budget, potentially transforming Meta's extensive investment in XR technology into profitable opportunities.
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