Meta lost $19.1 billion on VR last year despite the mother of all pivots to AI including plans for AI-generated gaming

A bottomless pit of money. This, as far as one can tell, appears to be the situation at Meta. Its latest earnings report (via TechCrunch) reveals the company burned another $19.1 billion on VR last year. Oh, and at the same time, it is reportedly planning to invest $135 billion in AI this year to include AI-generated games. Sorry, what?

Meta's losses on VR and what was once going to be the life-altering Metaverse are actually up on 2024, when it hosed $17.7 billion on the endeavour. Just for context...