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☆ I've spent 50 years in one of the 'best places to live.' I love it, but that doesn't mean moving here is a good idea.
▼ + stars: | 2024-09-03 | by ( Helen Wolkowicz | ) www.businessinsider.com time to read: +10 min

Montreal is a gem of a city: It's safe and walkable, with a vibrant nightlife and a cultural calendar packed with events. It's also one of the fastest-growing cities in Canada, so why wouldn't you want to get in on the action? AdvertisementIt has become harder for Montreal renters to check everything off their wish lists without raising budgets. AdvertisementGiven the condition of Montreal's housing market, our "starter" is now just our forever home. Christopher O'Donnell/ShutterstockBusinesses also have to compete against the city's carousel of construction projects, which can reduce foot traffic, among other issues.

Persons: —, It's, I've, Lisette Jemmott, Anatoli Igolkin, Jemmott, she's, Michael Falduto, isn't, Catherine Zibo, Falduto, it's, Glenn Castanheira, Marc Bruxelle, Yönder, Christopher O'Donnell, Castanheira, Helen Wolkowicz Organizations: Service, Business, The Coalition, Housing Committees, Associations of Quebec, McGill, Concordia, Concordia University, City, Montreal —, Montreal Locations: Finland, Montreal, Canada, Canadian, Toronto, Quebec, City of Montreal

☆ Cramer's Lightning Round: Advanced Micro Devices is a buy
▼ + stars: | 2024-07-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Vertiv's year-to-date stock performance. Bank of Montreal : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Advanced Micro Devices' year-to-date stock performance. Advanced Micro Devices : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance.

Organizations: of Montreal's, Bank of Montreal, Devices, Logitech Locations: Dover, Royal Caribbean

☆ BeReal is facing a user mutiny after its new owner brought ads to the app
▼ + stars: | 2024-07-22 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +1 min

BeReal's new owner, Voodoo, faces a user backlash after it brought ads to the app. Voodoo aims to reach 100 million daily active users, but ads may alienate its core user base. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBeReal's new owner, Voodoo Games, quickly introduced ads to the social-media app after acquiring the company in June. Takes away the friend aspect and creates another money grabbing app," read one review posted on July 9.

Persons: — Organizations: Service, Voodoo Games

☆ Wende Zomnir revolutionized makeup with Urban Decay. She's not done building her empire.
▼ + stars: | 2024-07-13 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

And Urban Decay was the first brand to have all recycled paper cartons," she told BI. "So it's not like Caliray's wellness and sustainability is a 180 departure from Urban Decay. Wende Zomnir at an Urban Decay party in 2018. Wende Zomnir CalirayStarting fresh with CalirayConceptualizing a new makeup brand with a California aesthetic was a no-brainer for Zomnir. While on the road promoting Urban Decay, she noticed that people asked her the same questions: What's California like?

Persons: I'm, Zomnir, she's, Calvin Klein, Elizabeth Arden skincare, Leo Burnett, Sandy Lerner, Lerner, she'd, Wende, Han Myung, Carol Hamilton, Tara Simon, Caliray's mascara, Caliray, There's, She's Organizations: Business, Leo, Leo Burnett Worldwide, Cisco Systems, Beauty Independent, Urban, Fast Company, BI Locations: New Jersey, she's, Newport Beach , California, It's, Texas, California, Sandy, L'Oréal, Sephora

☆ BeReal staffers hit with layoffs weeks after new ownership takes control
▼ + stars: | 2024-06-25 | by ( Riddhi Kanetkar | Kali Hays | ) www.businessinsider.com time to read: +1 min

French gaming company Voodoo recently acquired social media app BeReal in a €500 million deal. Voodoo is now set to lay off a chunk of BeReal staffers, sources say. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrench gaming company Voodoo is already cutting a chunk of BeReal staffers just weeks after acquiring the company in a deal worth 500 million euros, Business Insider has learned. This story is available exclusively to Business Insider subscribers.

Persons: BeReal, — Organizations: Voodoo, Service, Business

☆ Google's Android apps are coming in 3D via Xreal as competition with Apple's Vision Pro heats up
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Xreal, an augmented reality glasses maker, has launched a connected Beam Pro mobile device that allows users to capture spatial video and 3D images. Xreal said the Beam Pro uses Nvidia CloudXR technology for image rendering and Qualcomm 's Snapdragon spatial computing platform. A pair of Xreal AR glasses costs around $200 to $400, depending on the model and sales promotion. That means a set of Xreal AR glasses and Beam Pro costs significantly less than $1,000. The Beam Pro launched in China in late May.

Persons: Apple, Chi Xu, Xu, Xreal, Rokid, Ramon, Xreal Xu Organizations: BEIJING — Games, Google, Apple, CNBC, Apple Vision, Beam, Nvidia, Qualcomm, Amazon Web Services, IDC Research, Vision, The Locations: BEIJING, U.S, China, Hong Kong, Japan, Singapore

☆ From banks to beauty: Fund manager says AI is giving these companies 'phenomenal' uplift
▼ + stars: | 2024-06-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Liontrust Asset Management's Clare Pleydell-Bouverie is looking beyond the headline-makers, however, to other companies set to gain from AI adoption. She said AI is set to remove "a lot of waste out of people's jobs," and bring about a "phenomenal productivity uplift." 'Higher customer conversion' Pleydell-Bouverie also said consumer-facing companies like French beauty and cosmetics label L'Oreal stand to gain from the adoption of AI. "They've pioneered beauty tech as an industry," she said, adding that the company's generative AI beauty assistant system has a 60% higher customer conversion than in-store advisors. The analysts have an average price of $450.25 on L'Oreal, giving it slightly downside potential.

Persons: Clare Pleydell, CNBC's, Bouverie, They've Organizations: Big Tech, Amazon, Nvidia, Meta, Microsoft, Liontrust Global Technology Fund, Technology, JPMorgan Chase, JPMorgan, L'Oreal, Euronext Locations: Euronext Paris, U.S

☆ L’Oreal says it's working on a form of bioprinted skin that can actually ‘feel’
▼ + stars: | 2024-05-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

L'Oreal says it is working with start-ups and research institutions to bioprint skin that can actually "feel." PARIS, France — French beauty and cosmetics giant L'Oreal is working on a form of synthetically produced skin that it says will one day be able to "feel" like we do. At the Viva Technology conference in Paris last week, L'Oreal showed off demonstrations of "bioprinting," technology that can 3D print humanlike skin, in action. L'Oreal says it ceased testing its products on animals back in 1989, long before it was required by regulation. We're doing it internally but also working with external partners as well," Balooch told CNBC at the firm's booth at VivaTech.

Persons: Balooch Organizations: L'Oreal, Viva Technology, CNBC Locations: PARIS, France, Paris, VivaTech

☆ The RealReal is using AI to find fakes
▼ + stars: | 2024-05-21 | by ( Freya Graham | ) www.businessinsider.com time to read: +6 min

This article is part of "CXO AI Playbook" — straight talk from business leaders on how they're testing and using AI. For "CXO AI Playbook," Business Insider takes a look at mini case studies about AI adoption across industries, company sizes, and technology DNA. We've asked each of the featured companies to tell us about the problems they're trying to solve with AI, who's making these decisions internally, and their vision for using AI in the future. AI in actionThe RealReal started using artificial intelligence in 2018 with a program designed to speed up the writing of descriptions for newly uploaded items. Courtesy of Samantha McCandlessHumans are still part of the authentication process, which helps to manage issues such as false positives.

Persons: —, We've, Samantha McCandless, McCandless, tinker, that's, What's Organizations: Service

☆ Meet 10 of the world's richest women, worth a combined $500 billion
▼ + stars: | 2024-05-19 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The top 10 women on the Bloomberg Billionaires Index are worth just over $500 billion combined. Walmart heiress Alice Walton and Fidelity CEO Abigail Johnson are both on the list. Take a closer look at some of the world's richest women. AdvertisementL'Oréal's biggest shareholder, a Walmart heir, and the CEO of Fidelity are among the 10 richest women in the world, according to the Bloomberg Billionaires Index. They've each amassed fortunes of more than $25 billion — and are worth a staggering $500 billion combined.

Persons: Alice Walton, Abigail Johnson, — Organizations: Bloomberg, Walmart, Fidelity, Service

☆ How this L'Oréal exec stays motivated at work even after working at the same company for 30 years
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +1 min

Vismay Sharma, president of L'Oreal's South Asia Pacific, Middle East and North Africa market — dubbed SAPMENA — has worked at the same company for more than 30 years and still enjoys his work. "I love working in the beauty industry. It's an industry that brings joy, self-confidence and wellbeing into people's lives on a daily basis," he told CNBC's My Biggest Lessons. Sharma added that while turnover, profitability and market share are important concerns for any organization, the "real long-term motivator" for him is seeing the value in his day-to-day work. Watch the full video for the rest of Sharma's lessons.

Persons: Vismay Sharma, —, Sharma, CNBC's Organizations: L'Oreal's South, L'Oreal's South Asia Pacific Locations: L'Oreal's South Asia, Middle East, North Africa

☆ Less booze, more healthcare: How the spending habits of today's millennials compare to boomers 30 years ago
▼ + stars: | 2024-05-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

In the intervening 33 years, how young adults spent their money changed dramatically. Millennials are spending a lot more on healthcare and rented housingHealth insurance spending stands out between the average young adult in 1989 versus in 2022. Based on average data, young adults were spending roughly 60% more on apartments and other rented housing. Before adjusting 1989 data for inflation, young adults in 2022 spent 304% more on fresh fruits than young adults in 1989. Based on our analysis, the average young adult in 2022 was spending more on nonalcoholic beverages and less on alcoholic beverages than the average young adult in 1989.

Persons: —, Harry Met Sally, millennials, Gen Zers, Grace Hill, Gen Organizations: Service, Nintendo Game, Business, Bureau of Labor Statistics, Labor, BLS, Pew Research Center, CPI, Gallup Locations: Millennials

☆ Eat, sleep, live luxury: LVMH is building whole cityscapes centered on their designer stores
▼ + stars: | 2024-04-28 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Luxury powerhouse LVMH is investing billions in real estate, The Wall Street Journal reported. Michael Burke, head of LVMH Fashion Group, told the Journal, "We're creating a city." According to the Journal, the company spent $2.1 billion last year acquiring properties in Paris ahead of the Olympic games. Related storiesThe luxury brand is among several spending billions on luxury stores and experiences. Chanel and LVMH are also interested in purchasing properties on New York's Fifth Avenue and the Champs-Élysées in Paris, the Journal reported.

Persons: —, Louis Vuitton Moët Hennessy, Louis Vuitton, Frank Gehry, Michael Burke, we're, Burke, Bernard Arnault, Saint Laurent, Chanel, LVMH, Amar Sitayeb, Saint, Alan DeSousa Organizations: Street Journal, Service, Wall Street Journal, Dior, LVMH, Design, Miami Design District, Gucci, Montenapoleone, The New York Times, Times, Canada, Laurent, Global News, Business Locations: Paris, Pont Neuf, Miami, Montreal, Milan's, New, The, Marais

☆ A millennial who moved to Canada for the quality of life shares why he wants to go back to Texas — and why he regrets not waiting to relocate until later in life
▼ + stars: | 2024-04-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

A millennial moved from the South to Montreal in 2015 to "get cultured" and attend graduate school. He said food, safety, healthcare, and quality of life are the biggest perks of living in Montreal. But he said he wants to move back to Texas for the weather, lower cost of living, and his family. In recent years, millions of Americans have moved south. "I wish we lived in Texas now and moved to Canada later in life," Linton said.

Persons: —, Dexter Linton, Linton, haven't, who've, it's Organizations: Service, Business, Lone Star State Locations: Montreal, Texas, Arlington , Texas, Kansas, Georgia, South Carolina , Florida, Canada, Linton

☆ BeReal weighs an uncertain Series C or acquisition as growth stalls and funding is set to run out later this year, insiders say
▼ + stars: | 2024-03-14 | by ( Kali Hays | Callum Burroughs | ) www.businessinsider.com time to read: +5 min

The company is considering raising a Series C before what's left of its $90 million in funding runs out. BeReal closed a $60 million Series B funding round at an around $600 million valuation in late 2022, following a $30 million Series A earlier the same year. Sooner than later, BeReal leadership will be forced to choose between raising another round and maintaining its independence or selling itself outright, running the risk of disappearing. Company leadership holds an all-hands every quarter after they meet with the company's board, which includes investors. As for the possibility of an acquisition, BeReal leadership has told employees there are "offers" that have been made, without giving any specifics.

Persons: Alexis Barreyat, what's, BeReal, Yuri Milner's, Andreessen Horowitz, Barreyat, Romain Salzman, Kali Hays, Callum Burroughs cburroughs@businessinsider.com Organizations: Business, Gas, Yuri Milner's DST, Accel Locations: Paris, Japan, Asia, Pacific, khays@businessinsider.com

☆ I've been a makeup artist for 9 years. Here are 9 drugstore products that perform better than high-end items.
▼ + stars: | 2024-03-04 | by ( Janelle Mariss | ) www.businessinsider.com time to read: 1 min

The L'Oreal True Match Nude foundation feels high-end. L'Oreal's True Match Nude foundation looks flawless on the skin. Janelle MarissThe L'Oreal True Match formula has a similar texture and finish to some of my most expensive foundations. Its silky, satin finish sits beautifully on the skin and has medium buildable coverage. It's also the type of foundation that could work well for many different skin types across all ages.

Persons: Janelle Mariss, It's Organizations: L'Oreal

☆ Kellogg's faces a backlash after encouraging cash-strapped shoppers to eat cereal for dinner: 'What the hell kind of dystopian hellscape is this?'
▼ + stars: | 2024-02-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Kellogg's is advertising cereal for dinner as an alternative for people struggling with food prices. WK Kellogg CEO Gary Pilnick told CNN last week that the messaging was "landing really well" with customers. Cereal prices shot up 13% in 2022Grocery prices soared during the pandemic as supply-chain chaos pushed up costs for producers. Advertisement"The cereal category has always been quite affordable, and it tends to be a great destination when consumers are under pressure," Pilnick told CNN. Pilnick told CNN last week that more than a quarter of cereal consumption is outside breakfast.

Persons: aren't, WK Kellogg, Gary Pilnick's, Pilnick's, —, Gary Pilnick, Marie Antoinette, Marianne Williamson, Pilnick, Sadie Garcia, Kellogg Organizations: Service, CNN, YouTube, American Academy of Pediatrics, American Heart Association, Bureau of Labor Statistics, Graham

☆ L'Oreal tells workers to come to the office on Fridays twice a month
▼ + stars: | 2024-02-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

L'Oreal wants staff globally to work in the office on Fridays at least twice a month. The beauty company currently requires employees to work in the office three days a week. AdvertisementCosmetics giant L'Oreal has told employees to come to the office at least two Fridays a month to tackle diminishing attendance at the end of the week, The Times reported Sunday . L'Oreal employees are currently expected to be in the office three days a week. The company's CEO Nicolas Hieronimus recently reaffirmed the company's firm stance on in-person working while speaking at the World Economic Forum in Davos last month.

Persons: —, Rinderknech, Nicolas Hieronimus Organizations: L'Oreal, Service, Times, Business, Economic, LinkedIn Locations: Davos

☆ Alibaba-backed Xreal, rival to Apple's Vision Pro, claims it's now an AR glasses unicorn
▼ + stars: | 2024-01-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

That valuation gives the startup unicorn status, the first in the AR glasses industry, Xreal claimed. Augmented reality (AR) technology allows digital images to be imposed over the real world. Xreal's latest AR glasses model, the Air 2 Ultra, is set to start shipping in March. On Jan. 8, Xreal said it had shipped 350,000 AR glasses since the company was launched in 2017. The startup said it plans to use the latest funding for research and development, as well as factory expansion.

Persons: Xreal, — CNBC's Arjun Kharpal Organizations: Xreal, Air, Vision Locations: BEIJING, U.S

☆ The CEO behind Chinese startup XReal says its AR glasses will blow Apple's Vision Pro out of the water. Here's why.
▼ + stars: | 2024-01-29 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Read previewEarlier this month, Chinese startup XReal unveiled the Air 2 Ultra, the company's latest augmented reality glasses that blend a virtual world with the user's physical surroundings. The startup says they'll be an "affordable alternative" to rivals like the Apple Vision Pro. Unlike Apple's Vision Pro, Xu says XReal has no intentions to build a fully immersive virtual reality feature into its glasses. Yet, when it comes to its AR capabilities, Xu says his company's is half a decade ahead of Apple's. "I think we're three to five years ahead of them in AR," Chi said in regards to Apple.

Persons: —, Chi Xu, XReal, Xu didn't, Xu, Chi Organizations: Service, Business, pricier, XReal's, Apple Vision, Air, Meta, Bloomberg, Amazon, Apple, Apple's, IDC Locations: Apple's

☆ Many remote employees have 'no attachment' to their work, and no passion or creativity, the CEO of cosmetics giant L'Oreal says
▼ + stars: | 2024-01-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Read previewL'Oreal's CEO had some harsh words for remote workers , saying they lack attachment, passion, or creativity in their roles, during the World Economic Forum in Davos, Switzerland. L'Oreal USA's former CEO Stephane Rinderknech called the company's 11,000 employees back to the office in a staggered process in July 2020. "It's vital for the company, and it's vital for the employees. CEOs have changed their tune on remote work since the pandemic saying that employees are more productive and efficient in the office. AdvertisementNumerous firms including Google, Meta, Starbucks, and JPMorgan have walked back their remote working policies as a result, and are requiring workers to come back to the office .

Persons: —, Nicolas Hieronimus —, Hieronimus, L'Oreal USA's, Stephane Rinderknech, It's Organizations: Service, Economic, Business, Daily Telegraph, L'Oreal, Google, Meta, JPMorgan Locations: Davos, Switzerland, French, California

☆ NHL roundup: Rangers' offense buries Bruins
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +5 min

Nov 25, 2023; New York, New York, USA; New York Rangers left wing Chris Kreider (20) takes a shot at Boston Bruins goalie Linus Ullmark (35) during the third period at Madison Square Garden. Nick Bonino and Tyler Pitlick added their first goals as Rangers, while Jonathan Quick made 27 saves. Charlie Coyle scored twice while Morgan Geekie had a goal and an assist for Boston, which has lost consecutive games in regulation. Ty Emberson scored his first career NHL goal and Fabian Zetterlund also tallied for the Sharks, who sit last in the league. Lawson Crouse scored his 10th goal of the season, all in November, and Clayton Keller also scored for Arizona.

Persons: Chris Kreider, Linus Ullmark, Danny Wild, Chris Kreider's, Kreider, Miller, Jimmy Vesey, Artemi, Vincent Trocheck, Nick Bonino, Tyler Pitlick, Jonathan Quick, Charlie Coyle, Morgan Geekie, David Pastrnak, James van Riemsdyk, Pheonix Copley, Copley, Trevor Moore, Carl Grundstrom, Trevor Lewis, Pierre, Luc Dubois, Montreal's Jake Allen, Tyler Toffoli, Alexander Holtz, Nico Hischier, Ondrej Palat, Dawson Mercer, Vitek Vanecek, Jeff Skinner, Kyle Okposo, Eric Comrie, Devon Levi, Erik Karlsson, Jake Guentzel, Noel Acciari, Tyler Bertuzzi, Matthew Knies, Tyson Foerster, Samuel Ersson, Kyle Palmieri, Foerster, Ilya Sorokin, Sorokin, Nathan MacKinnon, Jonathan Drouin, Ryan Johansen, Ivan Prosvetov, Mikael Backlund, Dan Vladar, Mikael Granlund, Mike Hoffman, Ty Emberson, Fabian Zetterlund, Kaapo Kahkonen, Tomas Hertl, Calen Addison, Brock Boeser, Filip Hronek, Casey DeSmith, Connor Ingram, Lawson Crouse, Clayton Keller, Logan Thompson Organizations: New York Rangers, Boston Bruins, Rangers, Boston, Bruins, Canadiens, Los Angeles, Montreal, Pittsburgh Penguins, Kings, Devils, Sabres, New Jersey, Buffalo, Penguins, Maple Leafs, Pittsburgh, Toronto, Flyers, Islanders, Philadelphia, Avalanche, Flames, Colorado, Calgary, Sharks, Canucks, Vancouver, NHL, Coyotes, Golden Knights, Arizona, Vegas, Thomson Locations: New York , New York, USA, Madison, New, Elmont, N.Y, Denver, Colorado, Jose, Las Vegas

☆ Real's Bellingham likely to feature against Braga after shoulder injury
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

That result cost Real their place at the top of the table, with Girona moving two points ahead, and although Bellingham finished the game he was doubtful for the Braga tie. "It would be important, at this stage of the season, to finish the group stage in four games," Ancelotti said. "If Puyol wants to talk to Vinicius, let him talk," Ancelotti said. Ancelotti's side took a 2-0 lead at Braga but the home team pulled one back in the 63rd minute to make for a nervous ending. Real top Group C with nine points followed by Napoli on six, with Braga in third place with three points.

Persons: Jude Bellingham's, Carlo Ancelotti, he's, Ancelotti, He'll, Carles Puyol, Vinicius Jr, Vinicius, Trevor Stynes, Ken Ferris Organizations: Braga, Wednesday, Champions League, Bellingham, England, Rayo Vallecano, Champions League Group, Bernabeu, Brazilian, Clasico, Real, Barca, Napoli, Thomson Locations: MADRID, Real Madrid, Girona, Spain, Barcelona

☆ How 3 stocks tied to China's economy are navigating its uneven post-Covid recovery
▼ + stars: | 2023-10-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

But looking at quarterly numbers and commentary from multinational companies doing business there, the road back for the world's second-largest economy remains uneven. Club name Procter & Gamble (PG) flagged weakness in China when it reported its fiscal first quarter 2024 earnings. SBUX YTD mountain Starbucks YTD Given P & G's remarks, we hope Starbucks is still able to keep its China numbers moving in the right direction. Starbucks' growth in China, its second-largest market after the U.S., is still in its early stages. WYNN YTD mountain Wynn Resorts YTD Commentary from Las Vegas Sands gives us hope that Wynn Resorts might be able to continue last quarter's momentum in gross gaming revenue in Macao.

Persons: China — Estee Lauder, —, Nicolas Hieronimus, Andre Schulten, Let's, Estee Lauder, Lauder YTD, Estee, We're, there's, Wells, WYNN, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Starbucks, Wynn Resorts, Vegas Sands, L'Oreal, Procter, Gamble, Deutsche Bank, Wynn, HSBC, CNBC, Wuhan International Plaza, Getty Locations: China, Sands, Macao, Asia, Hainan province, U.S, Dubai, Wynn Macau, Wuhan, Hubei province

☆ Chinese augmented reality firm Xreal launches next-gen glasses in challenge to Meta and Apple
▼ + stars: | 2023-10-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Xreal glasses allow users to have large-screen experiences of apps, such as streaming services or gaming. The Xreal Air 2 starts at $399 while the Pro versions starts at $449. The company said it has managed to use smaller displays inside the device, resulting in AR glasses that are 10% lighter than the previous generation. Jin said that Meta is meanwhile trying to bring its social network to virtual reality, which "has proven to be extremely challenging." The Xreal Air 2 glasses start at $399 and will be launched in the U.S., U.K. and selected European markets.

Persons: Xreal, Peng Jin, Mark Zuckerberg, Jin, Meta, Meta's, it's Organizations: Xreal, Tuesday, Apple, CNBC, Tech, International Data Corporation, IDC, Apple Vision, Facebook, Meta Locations: U.S, Europe

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