Meta

John Carmack resigned from his leadership role at Meta Platforms Inc's virtual reality (VR) unit, citing frustration with its slow progress and ...

Another family-owned firm, Lin Yuan Investment Co (霖園投資), holds a 14.02 percent stake in Cathay Financial, bringing the family’s total holding in the financial firm to With the global aging population and awareness of the importance of health on the rise, GSK plc has started a spin-off Consumer Health business named Haleon to deliver better everyday health with humanity. The shares continued to trade down to the end of the session, and the sell-off even spread to rival bike Wan Pao, which is owned by the family of Cathay Financial chairman Tsai Hong-tu (蔡宏圖), holds a 15.86 percent stake in Cathay Financial. PAYMENT POSTPONEMENTS: The bicycle manufacturer said it is grateful to its suppliers for providing flexibility to its brand by adjusting orders and payments Shares of Giant Manufacturing Co (巨大機械), one of the leading bicycle brands in the world, tumbled yesterday amid a sell-off sparked by reports that the company had asked its suppliers for payment postponements. “I have a voice at the highest levels here, so it feels like I should be able to move things,” Carmack said in the note.

Comments like "we constantly self-sabotage and squander effort" in his exit letter will do little to reassure nervous Meta investors.

Its goal is human-like artificial intelligence, or AGI (artificial general intelligence). [tweeted](https://twitter.com/ID_AA_Carmack/status/1560729970510422016https://twitter.com/ID_AA_Carmack/status/1560729970510422016https://twitter.com/ID_AA_Carmack/status/1560729970510422016https://twitter.com/ID_AA_Carmack/status/1560729970510422016) at the time of the funding, it’s “AGI or bust, by way of Mad Science.” Your technical prowess is widely known, but it is your relentless focus on creating value for people that we will remember most. He was the chief technology officer of Oculus, the VR firm Facebook bought for $2 billion in 2014. He was also the lead programmer for many revolutionary video games, including Doom and Quake. Everything necessary for spectacular success is right there, but it doesn’t get put together effectively.”

If you needed further indication that Meta's pursuit of the metaverse is moving in the wrong direction, look no further than this latest development.

VR can bring value to most of the people in the world, and no company is better positioned to do it than Meta. I wearied of the fight and have my own startup to run, but the fight is still winnable! He goes on to say that while maybe he could have done even more himself and been even more invested in his role at Meta, he often didn’t feel like he was being listened to, or it took years to implement his advice. His GPU metaphor is that Meta has all this power at their disposal, but they’re only using a small portion of it. Gaming industry legend John Carmack has quit his advisory role at Meta, and posted a lengthy letter on his way out that is far from your typical “it was so nice working with everyone!” fluff you normally see in the industry. We have a ridiculous amount of people and resources, but we constantly self-sabotage and squander effort.

Carmack is leaving to focus full-time on his AI startup Keen Technologies, but he has some harsh words for the culture at Meta on his way out.

Meta released a higher-end version of the headset, the [Meta Quest Pro](https://www.pcmag.com/reviews/meta-quest-pro), in November. [raised the price](https://www.cnbc.com/2022/07/26/facebook-parent-meta-raises-price-of-its-quest-2-vr-headset-by-100.html) of its Quest 2 headset by $100, with the cost of the 128GB version hitting $399, and the 256GB model rising to $499. [2013 until 2019](https://www.pcmag.com/news/john-carmack-to-step-down-as-oculus-cto-to-work-on-ai). Carmack says it's still possible for Meta to change, however. Legendary gaming developer John Carmack has resigned from his position as a consulting CTO for VR at Meta. [tweet](https://twitter.com/boztank/status/1603932487633502209) on Friday, complimenting his “technical prowess” and “relentless focus on creating value for people.” He added that it's “impossible to overstate the impact” Carmack had on Meta’s VR work and “on the industry as a whole.”