The loss of Meta division with a focus on the meta universe reached $4 billion
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Meta reported a $3.99 billion loss in its Reality Labs division, which focuses on the meta universe. At the same time, the corporation posted a net profit of $5.71 billion for the first quarter of 2023. Meta CEO Mark Zuckerberg warned that the company may not reach profitability in its Reality Labs division until the end of 2023, but artificial intelligence has yielded positive results.
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