Reality Labs, every mention
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tap a year for its mentions
every year anyone Ben Gilbert 12Mark Zuckerberg 8David Rosenthal 4
Verbatim, from the transcripts: the passages where Reality Labs comes up
Meta (Audio) · Acquired
- ▶ 3:49:29 David Rosenthal By the way, Will is the head of WhatsApp today, and Boz, of course, is the CTO of Meta and head of Reality Labs.
- ▶ 5:12:44 David Rosenthal Finally brings us to the last piece of the story here that I'm sure listeners at this point you're probably saying, like, what the heck, we're however many hours in you guys haven't said the words Reality Labs or Oculus or AR or VR once.
- ▶ 5:15:43 Ben Gilbert There are two ways to look at Reality Labs.
- ▶ 5:15:59 Ben Gilbert So based on their spend already, since they started reporting Reality Labs as a separate segment in 2019, they've spent right around sixty billion dollars.
- ▶ 5:17:14 Ben Gilbert Meta's cumulative cash flows from Reality Labs would be net negative until at least 2035.
- ▶ 5:19:39 Ben Gilbert And at Meta being worth 1.5 trillion, if they're spending 15, twenty billion a year on Reality Labs losses, that's a little over one percent.
- ▶ 5:20:52 David Rosenthal Not only will they do everything that you're just talking about of like, oh, they'll have an iPhone size business because if it turns into be glasses and reality labs, they're going to be selling the hardware and maybe they can make that…
- ▶ 6:01:32 unnamed speaker When I was a little bit more bearish on the future of Reality Labs, I was trying to come up with, has Meta ever successfully created something new that has become a profit center for them, that is, like, not adopted from someone else?
Acquired LIVE from Chase Center (with Daniel Ek, Emily Chang, Jensen Huang and Mark Zuckerberg) · Acquired
- ▶ 1:38:29 Ben Gilbert But there's other times, it feels like everything you're trying to do in reality labs, all
- ▶ 1:38:32 Ben Gilbert You know, 50 plus billion dollars that you've put into it is like, we're gonna freaking will this thing into existence because I have an idea of the way that I want the world to be.
- ▶ 2:01:53 Ben Gilbert You're spending a gajillion dollars on Reality Labs.
- ▶ 2:03:37 Mark Zuckerberg Just from, like, a pure, like, dollars perspective, which is not primarily how I come at this stuff, but even, like, now I've learned a thing, actually, since the Yahoo days, and now I at least am able to, like, like, um, I might not be…
- ▶ 2:06:01 Mark Zuckerberg To me, this is like a little bit of a kind of the next stage of what I want our company to stand for and be, and so I think a lot of the Reality Lab stuff that we're doing is going to be in that bucket.
- ▶ 2:09:37 Mark Zuckerberg So the Reality Lab stuff that we started in 2014, really, um, the FAIR stuff around, you know, fundamental AI research, um, that, yeah.
- ▶ 2:10:16 Mark Zuckerberg What we knew was gonna be really painful, you know, to go double down on those things, and build out the AI infrastructure that we needed to, and scale up some of the Reality Lab stuff.
The Mark Zuckerberg Interview · Acquired
- ▶ 30:32 Ben Gilbert You know, 50 plus billion dollars that you've put into it is like, we're gonna freaking will this thing into existence because I have an idea of the way that I want the world to be.
- ▶ 53:57 Ben Gilbert You're spending a gajillion dollars on reality labs.
- ▶ 54:03 Ben Gilbert It's not making that much money.
- ▶ 55:41 Mark Zuckerberg Just from, like, a pure, like, dollars perspective, which is not primarily how I come at this stuff, but even, like, now I've learned a thing, actually, since the Yahoo days, and now I at least am able to, like, like, um, I might not be…
- ▶ 58:15 Mark Zuckerberg A lot of the Reality Lab stuff that we're doing is going to be in that bucket.
- ▶ 1:01:44 Mark Zuckerberg So the Reality Lab stuff that we started in 2014, really, um, the FAIR stuff around, you know, fundamental AI research, um, that,
- ▶ 1:02:26 Mark Zuckerberg Go double down on those things, and build out the AI infrastructure that we needed to, and scale up some of the Reality Lab stuff, and I knew that a lot of the investors would hate it, at least in the short term, before it's clearly the…
- ▶ 1:22:18 David Rosenthal I think related, though, back to the he's still in it, in some sense, Reality Labs, you could look at like his blue origin.
- ▶ 1:22:32 Ben Gilbert Other big tech CEO founders have their moment running the company, they take a board role, they go do another thing, and oftentimes it's big and important for the world and capital intensive, and Mark is doing that but inside Meta with…
- ▶ 1:23:39 Ben Gilbert But it'll be interesting to see the, the knock-on effects of having reality labs in the meta organization versus as a new venture.