Meta says it will lose even more money on the metaverse in 2023

A year later, Meta’s pivot to the metaverse is proving even more expensive. Reality Labs is losing more money than ever, Facebook’s parent company disclosed in its latest earnings report. Reality Labs, the unit that oversees the company’s virtual and augmented reality projects, lost $3.7 billion in the third-quarter of 2022, a jump from a…

Xbox Game Pass accounts for 15 percent of Microsoft’s gaming revenue, says Phil Spencer

Microsoft’s Game Pass service is profitable and accounts for about 15 percent of the company’s overall Xbox content and services revenue. Microsoft Gaming chief Phil Spencer shared the tidbit of information in an on-stage interview at The Wall Street Journal’sTech Live conference (via The Verge). “Game Pass as an overall part of our content and…

Tesla’s self-driving claims are reportedly under criminal investigation

Illustration by Alex Castro / The Verge Tesla is facing a criminal probe over its claims about its driver assist technology, according to Reuters. The US Department of Justice launched an investigation late last year following more than a dozen crashes, some of which were fatal, involving the company’s Autopilot feature. Tesla CEO Elon Musk…