Kluge Interactive, the developer behind popular VR rhythm game Synth Riders (2018), confirmed the studio has suffered a "major round of layoffs" earlier this year. Kluge Interactive has been busy creating games for Horizon Worlds, Roblox, and bringing Synth Riders to new non-VR platforms,...

Rec Room is shutting down in June. Meta's Horizon Worlds is searching for greener pastures on mobile. Now, VRChat co-founders say there's no need to worry about the social VR platform's future. "In case you were wondering, VRChat is not going anywhere," studio...

Social VR platform Rec Room, once valued at $3.5 billion, announced earlier this week that it will be shutting down in June. The studio says it never quite figured out how to turn a profit, though top avatar creator blueasis...

Polyarc, the studio behind VR puzzle-platformer series Moss, announced it's significantly reducing the size of the company, marking another VR pioneer currently experiencing existential turmoil. The studio released word via a LinkedIn post on Tuesday, noting that layoffs come amid an "unsuccessful...

CD Projekt Red announced it's working with Zero Latency VR to bring Cyberpunk 2077 to out-of-home VR destinations. Zero Latency VR calls the forthcoming experience "based on the world of Cyberpunk 2077," but built specifically for the company's untethered, free-roam technology. What's more,...

The company behind Lynx has entered liquidation proceedings ahead of launch of its upcoming Lynx-R2 XR headset, which is targeted at both consumers and enterprise. According to French court documents, SL Process, the company behind Lynx, has officially entered judicial liquidation...

nDreams, one of VR's most senior game studios, announced plans to close two internal studios responsible for some of its most forward-thinking VR projects, which could also include a sizable number of layoffs. While nDreams hasn't officially shuttered Near Light...

South Korea-based XR company NP Inc showed off a unique solution to combat employee fatigue at Mobile World Congress (MWC) in Barcelona this week, combining a small pod with a VR headset. The News NP, developer of the MUA app for Quest, unveiled MUA’H...

DeepMind, Google’s AI research lab, announced Genie 3 last August, showing off an AI system capable of generating interactive virtual environments in real-time. Now, Google has released an experimental prototype that Google AI subscribers can try today. Granted, you can't...

VR treadmill creator Virtuix is going public, as its Class A ordinary shares will start trading today on the Global Market tier of the Nasdaq. The company's stock market debut comes as consumer VR investment and first-party content spending...

In light of Reality Labs' reorganization, which has seen recent internal studio closures and layoffs, Oculus founder Palmer Luckey calls the doomer narrative "obviously false." The News Luckey literally kickstarted consumer VR more than a decade ago with the founding of...

Google announced a multiyear extension to its partnership with AR glasses maker XREAL, positioning it as a lead hardware partner for the Android XR ecosystem. The News XREAL Project Aura is an Android XR-based pair of AR glasses which is due...

Meta may be pushing back the release of an upcoming XR headset that tethers to a pocketable compute puck. Meanwhile, the company says its next-gen Quest will be a "large upgrade" over the current generation. The News Meta supposedly planned to...

Mojo Vision announced it's secured a $75 million Series B Prime investment round, which the company says will support the commercialization of its powerful and flexible micro-LED platform for XR glasses. The round was led by Vanedge Capital, and included...

Australian immersive training technology company xReality Group announced its subsidiary Operator XR has secured a contract with the Texas Department of Public Safety (Texas DPS) worth up to AUD $5.71 million (~$3.7 million USD), which will see the rollout...