India, Jan. 16 -- Meta is still investing in Metaverse ambitions and has just bought optics firm Gary Sharp Innovations. The company has seen losses in the billions of dollars in the past, but now will be able to create better VR headsets and AR glasses with the help of Colorado-based optics R&D.

Meta and Gary Sharp Innovations entered into a share purchase agreement in June, according to a newsletter that includes documents that were filed with the US Patent and Trademark Office. "Gary Sharp Innovations is helping us develop better viewing optics for our AR and VR devices," is also mentioned.

The company will have access to multiple patents and patent applications as a result of the Meta acquisition, "including some that describe metho...