Meta is set to unveil new smart glasses with a display and gesture control via a wristband, alongside third-generation Ray-Ban Meta glasses and potential updates on VR headsets and AI features at its Connect conference, with CEO Mark Zuckerberg's keynote expected to highlight advancements in metaverse and AI integration.
At Meta's annual Connect conference, the focus was on virtual reality (VR) and the metaverse, with much anticipation surrounding Apple's upcoming entry into the VR market. Meta CEO Mark Zuckerberg unveiled the Quest 3 VR headset, while Apple's Vision Pro mixed-reality headset, set to go on sale next year, created a buzz with its high price and reputation for premium consumer devices. The presence of Apple has given legitimacy to Meta's efforts, and developers and VR companies are optimistic about the potential for an expanding industry. Despite challenges, such as Meta's struggle to bring VR into the mainstream, the improved features of the Quest 3, including enhanced passthrough, offer developers the ability to create more compelling content and visually attractive experiences that integrate the physical and digital worlds.
Meta Platforms, the parent company of Facebook and Instagram, is set to unveil its new Quest 3 virtual-reality headset and generative AI tools at its two-day Connect conference. The company's stock has rallied 150% this year, driven by restored confidence in its digital advertising prowess. However, there are concerns about growth expectations and potential headwinds such as privacy regulation. Meta's earnings report showed continued user growth and strong revenue predictions for the third quarter. The company has also made strides in rebuilding its advertising edge after Apple's privacy changes.