Meta Platforms has scaled back its plans to release a series of augmented reality glasses over the next several years as part of an effort to trim heavy investments it is making in its Reality Labs hardware and AR/VR division, employees were notified Wednesday.
Meta has decided to not commercially release what was to be the first version of the AR glasses, codenamed Project Nazare, which was reportedly scheduled to launch commercially in 2024. The glasses are expected to become a demonstration product instead, according to a person familiar with the matter. Meta now plans to prioritize what was going to be the second version of the glasses, internally codenamed Artemis. The shift means Meta is unlikely to release a version of the glasses for several years.