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 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 CEO Mark Zuckerberg introduced new artificial intelligence tools, celebrity-endorsed digital assistants, and innovative products like the Quest 3 VR headset and Ray-Ban smart glasses during the Meta Connect conference, aiming to boost the development of the metaverse.
Meta has unveiled the Meta Quest 3 headset with enhanced features, including full-color passthrough and augmented reality blending, as well as collaboration with Ray-Ban for the new smart glasses; in addition, the company has announced AI updates such as AI chatbot personalities and generative AI image editing on Instagram.
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 confirmed that the Quest 3 mixed reality VR headset will be released on October 10th, with preorders available now for two storage capacities and various accessories.
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.
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'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.
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.
Meta CEO Mark Zuckerberg discussed the company's metaverse strategy at the Meta Connect 2023 event, highlighting the importance of AI in their products and partnerships with Qualcomm. The newly announced Quest 3 headset offers improved features but faces challenges due to its higher price compared to its predecessor. Meta's Ray-Ban smart glasses have seen improvements and the company is focused on expanding its services and enterprise applications. AI is also a key focus for Meta, with the inclusion of AI assistants and the establishment of an AI Studio for developers. Overall, Meta aims to deliver high-quality hardware and improve user experiences in the XR space.
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.
