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CNN —Many adults heard the phrase “Robux” for the first time last holiday season when the virtual currency of gaming platform Roblox landed on the top of most wish lists. And it will have to prove to Wall Street there’s more growth up ahead. In its fourth quarter of 2023, Roblox revenue was $750 million, up 30% year-over-year – but had a net loss of $323.7 million. Like Fortnite, Roblox is also moving ahead with a“payout to creators” business model. “It’s clear that [Roblox] intends to go after younger gamers in 2024 and 2025,” Ward said.
Persons: , Roblox, Matilda Beinat, Lindsey Nicholson, UCG, David Baszucki, Ralph Lauren, Mike Proulx, Forrester, , ” Proulx, Michael Nagle, ” Beinat, Lewis Ward, ” Ward, Ward Organizations: CNN, Investors, ABI Research, , Gaming Center, Costco, Brookhaven RP, Nike, Walmart, New York Stock Exchange, Bloomberg, Getty, Apple’s, IDC, Disney, Pixar, Marvel, Star Wars Locations: Asia, Roblox, New York, Fortnite
The tech is helping mental-health providers treat conditions such as depression, anxiety, and PTSD. In the face of this staggering prevalence, virtual reality offers transformative solutions in mental-health treatment and care. He uses FireflyVR's platform, The Sanctuary, a clinically designed VR experience that uses cognitive-behavioral therapy to reduce patients' anxiety before they undergo ketamine therapy. VR cue exposure, Siegfried said, helps reduce binge-eating habits by exposing people to triggering stimuli in a controlled environment. Both cue exposure and embodiment aim to address the complex psychological dynamics of eating disorders.
Persons: , Shel Mann, Mann, Dr, Christopher Romig, Stella, It's, Romig, Nicole Siegfried, Siegfried Organizations: Service, Disease Control, VR, Veterans Affairs, Behavioral
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta is not showing investors enough to justify VR spending sprees, says Rob SanderonRob Sanderson, managing director at Loop Capital, joins CNBC's 'The Exchange' to breakdown Meta earnings.
Persons: Rob Sanderon Rob Sanderson Organizations: Loop
Read previewSome tech devotees already seem to be losing interest in Apple's Vision Pro just months after the futuristic headset hit the market. That's bad news for Apple, which spent eight years and billions of dollars creating the Vision Pro. Apple has seemingly responded to the growing disinterest by boosting marketing around the device, evidenced by the Vision Pro's prime placement on the company's website. The Vision Pro requires its wearer to attach a battery, start the device, and move through its interface each use. BI's Jordan Hart foresaw some of those issues back in February, writing that she was running out of reasons to wear the Vision Pro after just one week.
Persons: , Mark Gurman, Apple, Gurman, BI's Jordan Hart, he'd Organizations: Service, Apple's Vision, Apple, Business, Vision
Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company's Meta Horizon operating system, the company said Monday. The move will create new hardware devices that run on the same operating system and software as Meta's current first-party virtual reality hardware, such as the Quest 3 and Quest Pro. The move further defines the fault lines of the virtual reality hardware market, months after Apple released its $3,500 virtual reality headset called Vision Pro in January. According to Meta CEO Mark Zuckerberg, who shared the news in an Instagram video Monday, the announcement essentially recreates the Android versus iOS dynamic in smartphones — only for virtual reality headsets. Meta Horizon is based on a version of Android, allowing for easier ports of apps from phones to virtual reality.
Persons: Mark Zuckerberg, Zuckerberg, Meta's, Meta Organizations: Lenovo, Microsoft, Asus, Quest Pro, Apple, Reality Labs, Meta, Apple's, Google, Steam, Gaming, Xbox
Tesla's awful 2024 is getting much worse
  + stars: | 2024-04-17 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Tech: A "social walkie-talkie" app is the newest thing tech insiders are excited about . Tesla's awful 2024 got much worse this week when the company cut 10% of its workforce , and a major executive resigned after 18 years at the EV maker. AdvertisementSlaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BIIn the meantime, Tesla's stock keeps falling. Even worse, people who are in the market for EVs aren't necessarily interested in Teslas .
Persons: , NASA's Chandra, Tesla, we've, Elon Musk, Steve Granitz, Scott Olson, Jia Feng, Graham, Elon Musk's, robotaxis, Slaven, Chelsea Jia Feng, Tesla's, Musk, Andy Sieg, Merrill Lynch, Abanti Chowdhury, who's, Piper Sandler, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tech, Adobe Stock, The New York Times, EVs, Teslas, Trump, SWANSON, Apple, Microsoft, BI, CNBC, Economy Summit Locations: Chelsea, China, Teslas ., States, New York, London
You'd think teens would be early adopters of devices like the Apple Vision Pro and Meta's Quest. But a new Piper Sandler survey shows 56% of teen VR device owners rarely use them. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Piper Sandler, , Meta Organizations: Apple Vision, Service, Business
You'd think teens would be early adopters of devices like the Apple Vision Pro and Meta's Quest. But a new Piper Sandler survey shows 56% of teen VR device owners rarely use them. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Piper Sandler, , Meta Organizations: Apple Vision, Service, Business
How Mark Zuckerberg is reimagining the classroom
  + stars: | 2024-04-15 | by ( Clare Duffy | ) edition.cnn.com   time to read: +7 min
Later this year, Meta will launch new software for educators that aims to make it easier to use its VR headsets in the classroom. The tools will let teachers manage and program multiple Quest headsets at once, give them access to a range of education-related apps and provide greater oversight and control of how students are using the devices. CNN reporter Clare Duffy interviews Meta President of Global Affairs Nick Clegg in virtual reality, using a Meta Quest 3 headset, alongside Meta spokespeople, on Wednesday, April 10, 2024. Questions about VR in the classroomThe cost to incorporate VR headsets in the classroom could be a hurdle to adoption for the many schools already struggling with limited resources. While cheaper than some other headsets on the market, Meta’s Quest 3 devices still start at $499 each.
Persons: Shakespeare, , Global Affairs Nick Clegg, Clegg, Vincent Quan, Abdul Latif Jameel, ” Quan, Clare Duffy, Meta spokespeople, ” Clegg, Organizations: New, New York CNN, Magic School, Meta, Globe Theatre, Global Affairs, VR, CNN, New Mexico University, Morehouse College, Quest Locations: New York, Ancient Rome, Meta, Manhattan, London,
A key former Facebook exec has reignited discussion of Oculus founder Palmer Luckey's 2016 firing. Former Oculus CTO and ex-Meta VR exec John Carmack said on X that he regrets not defending Luckey. Carmack and Luckey joined Facebook after it acquired Oculus, the VR company founded by Luckey in 2012, for $2 billion in 2014. "The culture has changed a lot since you left (internal discussions have to be work focused)," Bosworth replied on X. Business Insider reached out to representatives of Bosworth, Carmack, and Luckey but didn't receive an immediate response.
Persons: Palmer, John Carmack, Andrew Bosworth, Luckey, , Palmer Luckey —, Carmack, Hillary Clinton, @PalmerLuckey, OTXBBnkK0p — John Carmack, Donald Trump, Clinton, he's, Carmack —, Bosworth, Meta, Forbes, wasn't, I'm Organizations: Facebook, Meta, Service, VR, Wall Street, Business Locations: California
So, I tested popular apps with VR workouts like Supernatural, Litesport, Xponential+, FitXR, and Les Mills XR Bodycombat. The Supernatural VR app combined beautiful surroundings with full-body workoutsI worked out while wearing my Meta Quest 3 VR headset. The app's music library set it apart from the other VR workout apps I've tried, many of which didn't have recognizable songs. Many of the workout apps I tried tapped into my competitive drive by creating a video-game-like environment. The next time I feel unmotivated to work out, I might try a VR exercise app.
Persons: , Lara Walsh, I've, FitXR, Les, Mills, would've, they're Organizations: Service, VR, Les, Pico Locations: Machu Picchu, China, Barre, StretchLab
In 2003, Oxford philosopher Nick Bostrom imagined a “technologically mature” civilization could easily create a simulated world. With simulated worlds far outnumbering the “real” world, the likelihood that we are in a simulation would be significantly higher than not. Remember, the simulations would be so good that you wouldn’t be able to tell the difference between a physical and a simulated world. Either the signals are being beamed directly into your brain, or we are simply AI characters inside the simulation. Already, millions of humans are chatting with AI characters, and millions of dollars are pouring into making AI characters more realistic.
Persons: Virk, X, CNN — It’s, , Lana, Lilly Wachowski, Philip K, Dick, Tessa, Morpheus, Laurence Fishburne, Keanu Reeves, Nick Bostrom, Elon Musk, Smith, Hugo Weaving, Carrie Ann, Moss, Musk, OpenAI, it’s, Reeves ’ Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Center for Science, CNN, Apple, Trinity Locations: zenentrepreneur.com, Oxford, Silicon, Silicon Valley
AdvertisementNetflix's "3 Body Problem" is an adaptation of Liu Cixin's wide-ranging "Remembrance of Earth's Past" trilogy of novels. Speaking of Yun Tianming, he got turned into Will DowningWill Downing signs on to the Stairfacer Project in "3 Body Problem." Saul is based on a character named Luo JiSaul is chosen as a Wallfacer in "3 Body Problem." The VR headsets are way simpler in the seriesJack Rooney wears a virtual reality headset in "3 Body Problem." NetflixIn "3 Body Problem," Ye Wenjie's daughter Vera Ye dies by suicide in the first episode.
Persons: Liu Cixin's, , David Benioff, Weiss, Alexander Woo, Auggie Salazar, Ed Miller, Wang Miao, Da Shi, Salazar, Eiza González, it's Wang Miao, Wang Miao's, Jin Cheng, Jess Hong, Jin, Copernicus, Wang, she's, Netflix Wang Miao, Cheng Xin, She's, Yun Tianming, Will Downing Will Downing, Will Downing, Oxford alums, He's, Jack Rooney's, Saul, Luo Ji Saul, Netflix Saul, he's, Saul isn't, Luo Ji, they're, Ye, ETO Jonathan Pryce, Mike Evans, Tatiana, Marlo Kelly, Sophon, Evans, Shimooka, Alicia Vikander, Evan Rachel Wood, Jack Rooney, we'd, Ye Wenjie, Vera Ye, Yang Dong, Yang Weining Organizations: Service, Netflix, intel, Stairfacer, Oxford, United Nations, UN, ETO, Trisolaris Organization, Red Coast Locations: China, England, San, Red
We are initiating a position in Best Buy, buying 400 shares at $82.30 each. Consumer electronics historically needed to be upgraded and replaced every three to seven years, meaning many of the products that were purchased in the Covid era will need to be replaced soon. They point out that Best Buy is one of the last broad-line and hard-line retail stocks in its coverage that experienced a Covid pull-forward that hasn't returned to its historical valuation. Lastly, Best Buy sports an attractive dividend yield of about 4.65%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer's, Bose, hasn't, Jim Cramer, Jim Organizations: Consumer, Management, Microsoft, Electronics, Telsey Advisory, JPMorgan, Federal Reserve, CNBC Locations: Vegas
My Apple Vision Pro nightmare
  + stars: | 2024-03-26 | by ( Albert Fox Cahn | ) www.businessinsider.com   time to read: +12 min
So when the Apple Vision Pro arrived, I was giddy with excitement to dive into the type of toy I'd dreamt of since childhood. The Vision Pro tries to answer the question of how you can use a computer without a mouse or keyboard. Apple Vision Pro marks the foundation of a new architecture of total digital isolation. Apple touted your ability to use the Apple Vision Pro to connect to your laptop, simulating a screen for your device. In the end, I followed the path of so many other Vision Pro early adopters and became an early returner.
Persons: Apple's, it's, peck, Apple, audibly, hadn't, Newton, keystroke, I've, I'd Organizations: Sony, Apple Vision Pro, Vision, Apple, Department of Justice, Disney, Cupertino colossus Locations: New York
Analysts predict which Apple patents are likely to become products. An Apple Watch with a camera, a hand wearable for the Vision Pro, and offline Siri may be possible. He identified three Apple patents he believes the company will likely make. AdvertisementThe patents Saini identified as "highly probable" include:1) An Apple Watch with a cameraApple's patent illustration of an Apple Watch with a camera. "Apple has been silently doing a lot of research on AI," analyst Saini said when asked about Apple's patents related to AI.
Persons: Siri, , Apple's, Ming, Chi Kuo, Anmol Saini, Saini, Gene Munster, Munster Organizations: Apple, Apple Watch, Vision, Service, GreyB, United States Patent, USPTO, Asset Management, Bloomberg, Google, US Department of Justice
VR concerts have emerged as a creative outlet for artists such as Travis Scott and Teflon Sega. The enigmatic singer Teflon Sega, who performs as a virtual-reality avatar, also worked with Wave to put on a virtual concert in 2022. Why artists and fans are interested in VR concertsThe appeal of VR concerts lies heavily in their experimental nature. Sarah Malkin, the director of metaverse entertainment content at Meta, told BI that the virtual concerts served both creative and strategic purposes. Over three months, the artist's VR concert was available to watch at select theaters in different cities.
Persons: Travis Scott, , Justin Bieber, John Legend, Calvin Harris, Victoria Monét, Jack Harlow, Jorja Smith, Sarah Malkin, AmazeVR, Megan Thee, Steve Lee, Malkin, Cat's, Jason Diamond, Diamond, Lee, There's, Amy Dorsey Organizations: Sega, Companies, Meta, Service, Business, Forbes, Wave, Meta Quest, VR, Sony Music, Diamond Bros, Detroit, Arris Composites, Apple Vision, Food and Drug Administration, Dorsey Pictures Locations: AmazeVR
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at a potential exodus of stars from YouTube and what it means for the creator economy. What's on deck:This story is available exclusively to Business Insider subscribers. AdvertisementBut some people who helped fuel YouTube's rise are walking away from the platform that gave them their big break. TikTok's challenges represent the ongoing uncertainty content creators face trying to make a living in such an unpredictable and shrinking world.
Persons: , we've, Rebecca Zisser, It's, Insider's Lindsay Dodgson, MatPat, Lindsay, Andy Kiersz, Critics, it's, Alistair Barr, Dan, Jamie Dimon doesn't, Dimon, Karim Qubadi, Abanti Chowdhury, OpenAI, Musk's, Christopher Nolan's, Tyler Le, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, YouTube, Business, Nielsen, Gaming, ISI, SensorTower, BI, CPI, JPMorgan, Elon, University of Chicago, Quest, realtors, Meta, Google, Companies, Adidas Locations: United States, New York, London
Researchers have exposed a potential security vulnerability in Meta's VR headsets, a new study says. The so-called "inception attack" allows an attacker to spy on and control a user's VR environment. The headset also had to be in developer mode, which the researchers said many Meta Quest users keep enabled in order to get third-party apps, adjust resolution, and take screenshots. Researchers created cloned versions of the Meta Quest Browser and VRChat app. AdvertisementTo test the inception attack process with real people, researchers had 27 study participants interact with VR headsets while they carried out the attack.
Persons: , Mark Zuckerberg, Zuckerberg, what's, Meta Organizations: VR, Service, University of Chicago, Apple Vision Pro, MIT Technology, Meta, Business
Tim Berners-Lee is credited with inventing the World Wide Web in 1989. These are just some of the predictions for the future of the web from the inventor of the World Wide Web, Tim Berners-Lee, on the 35th anniversary of its invention. Tim Berners-Lee Inventor, World Wide WebBerners-Lee got to continue working on his idea for this information sharing system, and by 1991, the World Wide Web was up and running. When Tim Berners-Lee started work on the World Wide Web 35 years ago, he had no idea it was about to become the ubiquitous force it is today. Tim Berners-Lee Inventor, World Wide Web
Persons: Tim Berners, Lee, Rita Franca, Berners, Fabrice Coffrini, of Berners, Robert Blumofe, Akamai, Blumofe, we'll, Sebastian Derungs, you'll, Chintan Patel, Patel Organizations: CERN, CNBC, AFP, Getty, Microsoft, Samsung, Galaxy, Massachusetts Institute of Technology, Google, Apple, Afp, Forte Ventures, Akamai, Glasswing Ventures, Cisco, Big Tech, Digital Markets Locations: Swiss, London, Berners, U.S
Apple's Vision Pro headset has been used in spine surgery procedures. A surgical team member at Cromwell Hospital in London wore the device to assist with the procedures. AdvertisementA surgical team at a UK hospital used Apple's Vision Pro headset to help execute a medical procedure. Aftab, a consultant orthopedic spinal surgeon, said, "Working with eXeX to use the Apple Vision Pro has made a huge difference to the way we deliver care to our patients. The software is seamless and has improved efficiency within the Complex Spine team."
Persons: , Bupa, Surgeons Fady Sedra, Syed Aftab, eXeX, Stryker's Mako SmartRobotics, Susan Prescott Organizations: Cromwell Hospital, Service, Business, Surgeons, Daily Mail, Aftab, Apple, Apple's, Surgery, Apple Vision, CNBC, Kettering Health Dayton, Universal Health Services Locations: London, Sinai, Ohio
Mark Zuckerberg has been outspoken about his criticisms of Apple's Vision Pro. In a Friday post on Threads, he trashed the VR headset once again. Zuck said if Meta's Quest is like the Vision Pro in five years, "we'll have regressed significantly." AdvertisementMark Zuckerberg just keeps dumping on Apple's Vision Pro. Friday's social media posts were just the latest in a series of snarky comments Zuckerberg has pointed toward Apple's Vision Pro.
Persons: Mark Zuckerberg, Zuck, , Benedict Evans, it's, Evans, Zuckerberg Organizations: Apple's, Service, Mosaic Ventures, VR, Vision, Meta, Apple, Business, Pro, preorder, Labs, Apple's Vision
Business Insider spoke with leaders at the fitness brands Puma, Les Mills, FitXR, and Supernatural about leveraging extended reality to provide tech-driven workouts. Shifting perceptions of fitness technologyPuma this year partnered with Meta Quest 3 to launch immersive mixed-reality workouts in the metaverse. He recalled seeing people's perceptions of VR workouts change at a launch event for Puma and Meta Quest's partnership earlier this year. Lisa Edwards, Les Mills' digital innovation director, said the game's development required the company to adapt to connect "a global community of fitness enthusiasts." Three years ago, when Les Mills met with developers, the technology was more rudimentary; putting time and resources into extended-reality services was a risk.
Persons: , Rachel Z, Les Mills, Ivan Dashkov, I've, Dashkov, Kathryn Przybyla Dashkov, there's, Lisa Edwards, Lisa Edwards ​, , Les Mills Edwards, Sam Cole, Cole, Achilles, FitXR Cole, Leanne Pedante, Lindsey Byrnes, Pedante Organizations: Service, Puma, Meta, aha, Les Mills, VR Locations: FitXR, Les
So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.
Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, , we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, , kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, , Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The
“Frankly, I hate dialogue,” Villeneuve told The Times of London. I don’t remember movies because of a good line, I remember movies because of a strong image. This supposed truism is heard everywhere in the film world and even taught to film writers. Cinema has never been a language of “pure image and sound.”Even in the age of silent films, dialogue rendered as inter-titles was critical to cinema. Charlie Chaplin stars in his 1931 silent film, "City Lights."
Persons: Arash Azizi, , CNN — Denis Villeneuve, It’s, Zoe Prinds, ” Villeneuve, I’m, Rolling Stone, Federico Fellini, Villeneuve, Fellini, Alexander Steele, ” Josh Brolin, Gurney Halleck, Paul Atreides, Carla Simón’s “, Gorgeously, Ethan Hawke, ” Hawke, , they’ve, Charlie Chaplin, Chaplin, Virginia Cherrill, Adenoid Hynkler, Adolf Hitler, Institute’s, Quentin Tarantino’s, Jackie Brown ”, Pam Grier, Marlon Brando’s, Mario Puzo, Francis Ford Coppola, Merve, Greta Gerwig’s, Bird ”, wouldn’t, Palme d’Or, Jane Campion, David Lynch’s, Golden, Martin Scorsese glowed, ” Scorsese Organizations: Oneworld, CNN, Warner Bros, Times, Gotham Writers, Chalet, Warner Bros ., Sundance, Film Society of Lincoln Center, United, Getty, New York Times, Villeneuve, Janus, Atlanta ”, Derry Girls ”, Cannes Locations: French, Canadian, London, Italian, Cannes, Berlin, Catalonia, Jewish, Iran, cinema’s,
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