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Meta Platforms To Build Toronto Engineering Hub

Meta Platforms (FB), the parent company of social media platform Facebook, says it will build an engineering hub in Toronto and hire 2,500 workers in Canada’s largest city.

The engineering hub and hiring spree are meant to advance Meta Platform’s plans to build the “metaverse,” an emerging and interactive digital world making use of virtual and augmented reality to help people connect, enjoy entertainment and conduct business.

The new hires will join Meta Platform’s first Canadian engineering teams working on WhatsApp, Messenger and Remote Presence, which build synchronous communications products allowing users to complete tasks like watching videos together on multiple devices.

Other Canadian workers will join the company’s artificial intelligence research departments and Reality Labs, which have worked on the Oculus and Portal artificial reality devices. Many will be housed in a new downtown Toronto space that’s larger than Meta Platform's current home in the MaRS Discovery District.

Meta Platforms also announced that it will offer $510,000 in unrestricted grants to 17 Canadian research labs working on projects poised to advance the metaverse.

The recipients of the $30,000 grants include researchers from the University of Toronto, University of British Columbia, and University of Waterloo.