In a broader strategy shift, he points to a move toward funding third-party content and building a larger ecosystem, signaling that Meta will emphasize a third‑party content library going forward, though real-world results remain to be seen.

He notes the ecosystem is growing, albeit more slowly than hoped, and that Meta is excited by two upcoming devices, suggesting ongoing investment in both hardware and software.

Meta’s chief technology officer says the company still leads in virtual reality investment, continuing to pour more into VR content than any other company and more than it did four years ago, even after recent cuts to studios and products.

Bosworth clarifies that renewed focus may not produce first‑party blockbuster releases, as most acquired VR studios have closed, implying future investments will favor third‑party VR content over internal first‑party titles.

The background context includes Meta’s recent actions: closing three acquired VR game studios, laying off staff at another, canceling a sequel to Batman: Arkham Shadow, shutting down Horizon Workrooms and Meta’s business-focused Quest offerings, and shifting some investment from the Metaverse toward AI glasses and wearables.

Bosworth acknowledges sadness over canceled projects but maintains a bullish VR stance, noting that overall investment levels remain the highest in the industry and above 2022, while freeing up roadmaps for new hardware development.