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The XR Week Peek (2021.07.05): Facebook to have $6B of losses for the VR business, investments in XR are on the rise, and more!

The Ghost Howls

The most interesting insight of the week comes from analyst Mark Mahaney, that, among other things has analyzed Facebook’s Virtual Reality business, and has reported very interesting data. But actually, the virtual reality business is far from being profitable for Facebook. Image by Microsoft). billion and $6.4

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The Knight Foundation launches $750,000 initiative for immersive technology for the arts

TechCrunch VR

Through a partnership with Microsoft the foundation is offering a share of a $750,00 pool of cash and the option of technical support from Microsoft, including mentoring in mixed-reality technologies and access to the company’s suite of mixed reality technologies. .