Meta and LG are reportedly working together to develop future versions of the Quest Pro VR headsets, with LG Electronics responsible for assembly and other LG subsidiaries supplying components, in a bid to compete with Apple's Vision Pro headset, which is set to launch in 2025 with a price tag of around $2,000.
Meta Connect 2023 VR showcase event, which will unveil the Quest 3 headset and feature new games, can be watched live on Facebook or through Meta's Horizon Worlds app with a Quest VR headset, offering a more affordable option compared to Apple's Vision Pro headset.
Meta Platforms (META) stock has a strong setup, with two buy points in reach, ahead of this week's Connect conference where the parent company of Facebook and Instagram is set to unveil its new virtual-reality headset, generative AI tools, and more.
Meta is preparing to showcase new XR devices such as the Meta Quest 3 VR headset and second-gen Ray-Ban smart glasses, along with new generative AI chatbots, at its annual Connect event, while also emphasizing the role of AI in its vision for the metaverse.
Meta Platforms is hosting a two-day event on AI and the metaverse, featuring the launch of Quest 3 and AI bots.
Meta Platforms CEO Mark Zuckerberg unveils new Ray-Ban smart glasses, AI products, and an updated virtual-reality headset as part of the company's metaverse expansion efforts.
Meta's product showcase for 2023 introduced the Quest 3 headset, the first mainstream mixed reality headset, with improved features such as full color passthrough, enhanced performance, and new controllers, while also announcing the arrival of Xbox Cloud gaming and the release of next-gen Ray-Ban smart glasses. Additionally, former Microsoft executive Panos Panay will head Amazon's Devices and Services division, Logitech unveiled a foldable racing cockpit chair, and Disney+ will restrict password sharing in Canada.
Meta has announced the new Ray-Ban Meta smart glasses, which come with upgraded features like live streaming, AI capabilities, and a sleeker design, all at the same price as the previous model.
Meta's Connect conference focused on the future of artificial intelligence (AI) and virtual reality (VR), with Mark Zuckerberg emphasizing the development of hologram interactions, AI assistants, and the new Quest 3 VR headset.
Meta Platforms, Inc. (NASDAQ:META) is expected to benefit from the AI wave and the personal AI assistant category, presenting a potentially large market opportunity for the company through advertising or subscriptions. Despite the continued spending on the Metaverse and the potential for AR/VR devices to be sold at a loss, Meta remains cheap compared to other tech giants, and the stock is poised for growth.
Meta's Connect keynote focused heavily on the introduction of new AI features, signaling a shift away from the metaverse, which has faced financial challenges and criticism, but AI will still play a significant role in Meta's hardware and the future of the metaverse.
Xbox Cloud Gaming will be available on Meta Quest headsets in December, allowing users to play Xbox games on their VR headsets.
Meta is positioning its new XR headset, the Meta Quest 3, as an affordable alternative to Apple's expensive Vision Pro, aiming to become the "Android phone of the headset world" by offering accessibility and focusing on games, entertainment, and social features.
Meta, formerly known as Facebook, is reportedly planning to lay off employees in its Reality Labs division focused on creating custom silicon, which could pose challenges to CEO Mark Zuckerberg's goal of building augmented and virtual reality products for the "metaverse." The unit, known as Facebook Agile Silicon Team (FAST), has struggled to compete with external chip providers, leading Meta to rely on Qualcomm for chip production. The company recently announced new versions of its smart glasses and Quest headset, and it is also working on sleeker AR glasses and smartwatches.
Meta's recent announcements at its developer-focused Connect conference include the release of the Quest 3, improved Ray-Ban glasses with AI capabilities, personality-driven chatbots, and an AI image and sticker tool, indicating the transformation of VR and smart glasses into mixed-reality devices with advanced AI features.
The Meta Quest 3 is a solid upgrade from the Quest 2, with sharper screens, faster performance, and mixed reality cameras, although it may not appeal to as many VR newcomers due to its higher price.
Main topic: Review of the Meta Quest 3 VR headset.
Key points:
1. The Meta Quest 3 is an upgrade to the previous Quest 2 model.
2. It offers sharper screens and lenses, faster performance, and mixed reality cameras.
3. The Quest 3 provides a mixed reality experience, though it's not perfect, and lacks certain features like face and eye tracking.
The Meta Quest 3 and Apple's Vision Pro are mixed reality headsets with significantly different price points and target audiences, but while Meta dominates the market in terms of market share, Apple's entry into the space has garnered considerable attention and increased competition.
Meta is gearing up to compete against Apple in the mixed-reality headset market, with employees reportedly feeling the pressure as they enter the "afraid of Apple" stage, while Apple positions its Vision Pro as a productivity and entertainment device with gaming as an added bonus.
The iFixit teardown of the Meta Quest 3 reveals a curved heatsink, a larger 19.44 watt-hour battery, a Qualcomm Snapdragon XR2 Gen 2 chip, and new controllers with a simplified LED setup for tracking.
The Meta Quest 3 offers a hyper-realistic mixed reality experience with impressive color passthrough cameras, although there is limited software that takes advantage of this feature. The headset's improved hardware and hand-recognition controls make it a worthwhile upgrade for owners of older VR devices.
Meta's Quest 3 headset, a video-recording face computer, allows users to interact with the real world and perform daily tasks without taking off the headset, raising concerns of privacy and social boundaries reminiscent of the Google Glass controversy a decade ago.
Meta Quest Ray-Ban is a mixed-reality headset designed for inconspicuous outdoor use, offering features like hand tracking and livestreaming, while the Meta Quest 3 is a lighter headset exclusively for indoor use, with both devices showcasing clever design and functionality.
Social media giant Meta Platforms is in the buy range and has unveiled new products, including smart glasses and VR headsets, as it continues to see growth in earnings and sales.
