Labs

Reforged Labs raises $3.9m in funding round

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Generative AI platform Reforged Labs has raised $3.9 million in a seed funding round led by global venture capital firm DCM. The company, which provides artificial intelligence tools to game studios for video ads, plans to use the funding to further develop its technologies and expand its services to more customers. Reforged Labs received additional … Read more

Meta records loss of $4.5bn in Reality Labs during Q2

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Meta today released its second quarter earnings, reporting a $4.5 billion loss at its AR/VR Reality Labs division. This is the second reported loss of the year in this segment, as Reality Labs reported a $3.8 billion loss during its first quarter. Its second-quarter revenue rose 28% year-over-year, largely driven by sales of the Quest … Read more