Meta's Reality Labs posts $5 billion loss in fourth quarter
1. Meta reported a $4.97 billion loss in Reality Labs, with $1.1 billion in sales. 2. Total losses for Reality Labs exceed $60 billion since 2020, raising concerns. 3. Meta plans to invest $60-65 billion in AI to support metaverse efforts. 4. Orion AR headset and new Quest 3S are part of Meta's VR/AR strategy. 5. Competitors like Apple and Google are advancing in VR and AR technologies.