Machine learning will do wonders for many industries (VR included) even before AGI coalesces.

The trend in cost of computing is clear, but it's not occurring in an isolated environment. Countries around the globe have been experiencing some pretty major issues in the past few years.

VR continues to be a "nice to have" product. It needs more investment and time dedicated to it before it can become as ubiquitous as the smartphone. This has been made a bit more difficult due to the various socioeconomic issues occurring recently. Companies like Meta can no longer allocate as many funds to VR as when they first bought Oculus.

We will bounce back. We will create better VR. It will just take some more time.