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☆ OpenAI hires Meta's former AR glasses lead to head its robotics team
▼ + stars: | 2024-11-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

OpenAI has hired Meta's former hardware lead to head up its robotics team. Caitlin Kalinowski previously led Meta's AR glasses hardware team. Caitlin Kalinowski, who served as Meta's head of AR glasses hardware until July, said she was joining OpenAI to lead the company's robotics and consumer hardware efforts. "Thank you to the OpenAI team, Sam, Kevin Weil, PW, and to my friends and colleagues in engineering and beyond!" In May, Forbes reported that OpenAI had been hiring research engineers to rebuild the previously abandoned robotics team, something the company later confirmed.

Persons: OpenAI, Caitlin Kalinowski, Kalinowski, —, Sam, Kevin Weil, Orion, Jony, Laurene Powell Jobs, Steve Jobs Organizations: Service, Orion, Forbes, Intelligence, Apple, The New York Times, Business

☆ Meta's new Ray-Ban glasses are pulling a bait and switch
▼ + stars: | 2024-09-26 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +6 min

Now, despite a rocky start three years ago, Meta's smart glasses are doing better than expected. Meta's Ray-Bans have a camera and speaker and are packed with AI. Meta's loftier goal, the Orion glasses , aren't quite there. Yet getting people into the Orion glasses may depend on getting people comfortable with smart glasses generally, and that's where the Ray-Bans could come in. And the Meta Ray-Bans make it even easier to use AI as you move through the world — no hands (and awkward air-pinching ) required.

Persons: Mark Zuckerberg, Ray, Zuckerberg, Meta's Ray, Meta's, They're, they're, George Jijiashvili, Peter Kafka, it's, Bob Dylan, Lady Gaga, Amanda Hoover Organizations: Orion, International Data Corporation, Apple, Microsoft, Google, IDC, Research, VR, Business

☆ Meta's AI can now edit photos for you and 'talk' like a range of celebrities
▼ + stars: | 2024-09-25 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Meta AI now includes visual and voice capabilities, announced at Meta's Connect event on Wednesday. The chatbot can now edit photos you share and answer questions about what it's in them. Go to newsletter preferences Thanks for signing up! Meta AI can reply to photos shared in the chat and answer questions about what's in them, according to the company. For example, if you take a photo of a bird and don't know what kind it is, you can ask Meta AI to identify it.

Persons: John Cena, Michael Key, —, Mark Zuckerberg Organizations: Meta's, Keegan, Service, Meta, Business

☆ Nvidia CEO Jensen Huang gushes over Meta's new 'Orion' prototype glasses
▼ + stars: | 2024-09-25 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewNvidia CEO Jensen Huang was one of several big names to try out Meta's new "Orion" prototype glasses at Meta's Connect event on Wednesday — and he appeared to be a fan. The Nvidia CEO, who was one of the testers, referred to the glasses' 100-gram weight as "a big deal" and complimented various aspects of the technology. AdvertisementThe "Orion" glasses are the first prototype of full holographic augmented reality, and Zuckerberg referred to them as the "most advanced glasses the world has ever seen." The Meta CEO named several of the challenges with building the glasses, like the need for a wide field of view while keeping them light. The Meta CEO has bragged about stockpiling GPUs to build a "massive amount of infrastructure" to further the company's AI efforts.

Persons: —, Jensen Huang, Mark Zuckerberg, Huang, Zuckerberg, it's Organizations: Service, Business, Nvidia, Meta

☆ Snap unveils latest AR glasses despite ongoing struggles in core ad business
▼ + stars: | 2024-09-17 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Snap on Tuesday announced the fifth generation of its Spectacles augmented reality glasses that can overlay digital graphics onto the physical world. Snap's announcement comes days before rival Meta's Connect event, a conference where Facebook's parent typically unveils its latest hardware. Like Meta, Snap has been trying for years to break into consumer hardware. The previous day Meta reported better-than-expected quarterly results that sent the stock price up 7%. The company has yet to find meaningful success, but Wall Street has afforded Meta patience with Reality Labs because the company's advertising business is thriving.

Persons: Evan Spiegel, OpenAI, Meta's, Leo Gebbie Organizations: Snap Inc, Barker, Tuesday, Meta, Labs, Reality Labs, CCS Insight Locations: Santa Monica , California

☆ Big Tech is promising AI assistants straight out of 'Iron Man' in an attempt to tackle our endless lists of 'crapmin'
▼ + stars: | 2023-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Microsoft, Meta, and more are touting AI assistants that are far more advanced than Siri and Alexa. These AI assistants have the potential to deal with tedious digital tasks, or "crapmin." From Microsoft to Meta, tech companies leading the charge in AI are starting to make clear what the future of AI looks like to them. Meta's AI assistant "surfaces options directly in the chat, so you can decide as a group which location to explore." Letting an AI assistant take care of all aspects of our "crapmin" will require a lot of confidence in its capabilities.

Persons: Siri, Alexa, Tony Stark's Jarvis, —, Man's, AI's Jarvis, Iron, Satya Nadella, Mark Zuckerberg, resuscitating, Zuckerberg, –, Jarvis, they've, Copilot, Yusuf Mehdi, Bing, Mehdi Organizations: Microsoft, Meta, Service, Man's Stark Industries, Meta's Connect, Bing Locations: California

☆ Nvidia CEO's signature leather jackets are so popular that websites are selling lookalikes using his name and photo
▼ + stars: | 2023-09-29 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Black leather jackets are a well-known staple in Nvidia CEO Jensen Huang's wardrobe. Online sellers are using his name and image in listings for lookalike leather jackets. AdvertisementAdvertisementNvidia CEO Jensen Huang is known for his signature black leather jackets — he's rarely seen in public without one. A Wilson Jackets product page titled "Jensen Huang Nvidia CEO Leather Jacket" offers faux and real leather lookalikes. AdvertisementAdvertisementA screenshot of a black leather jacket from Theory.

Persons: Jensen, Steve Jobs, Mark Zuckerberg, Huang, —, Jensen Huang, hoover, Huang isn't, Issey Miyake, Walter Isaacson's, Jobs, Zuckerberg, isn't, Joseph Rosenfeld, Tom Ford, Rosenfeld Organizations: Nvidia, Service, Google, Bloomberg, Wilson Jackets, Apple, Walmart, Meta's Connect, New York Times, Times Locations: Taiwan

Meta's AI initiatives are likely to be a key aspect of how it monetizes products and services going forward, while bringing more users and customers into the AI fold. Whereas Meta's headset is priced for mass-market adoption, Apple's headset is clearly a premium device targeted to those who demand the most cutting-edge technology — such as micro-OLED lenses with eye-tracking capabilities . Similarly, JMP Securities argued that the event "highlights Meta's AI tailwinds," which could "unlock additional advertising budgets with new chat-based customer service." Meanwhile, we expect adoption of Meta's Quest 3 hardware to grow. But the integration of the Meta AI assistant into that platform should ultimately make the glasses a more valuable product over time.

Persons: Ray Ban, Jim Cramer, Bing, Ray, Meta, Jim Cramer's, Jim, Mark Zuckerberg, Josh Edelson Organizations: Meta's, Meta, EssilorLuxottica, Apple, Microsoft, JMP Securities, CNBC, AFP, Getty Locations: Menlo Park , California

☆ Meta is bringing generative AI to Instagram. Here are 4 new tools creators and influencers can use to edit photos and more.
▼ + stars: | 2023-09-27 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +1 min

Meta unveiled several AI tools during its annual developer conference, Connect. Mark Zuckerberg revealed tools for creators, including a generative AI photo editing feature. These 4 AI tools coming to Instagram will let creators edit photos, craft unique stickers, and more. Meta is bringing AI tools to Instagram, and it wants creators to use them. Meta will begin rolling out these photo-editing and generative AI tools to Instagram in "about a month," Zuckerberg said.

Persons: Meta, Mark Zuckerberg, Zuckerberg Organizations: Meta, Meta's

☆ Meta CEO Mark Zuckerberg looks to digital assistants, smart glasses and AI to help metaverse push
▼ + stars: | 2023-09-27 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Meta has new artificial intelligence tools and celebrity-endorsed digital assistants that CEO Mark Zuckerberg hopes will help eventually help jumpstart the metaverse. Zuckerberg showed off the AI software as well as the company's new Quest 3 virtual reality headset and latest Ray-Ban smart glasses on Wednesday at Meta's Connect conference for VR developers at its headquarters in Menlo Park, California. Zuckerberg also introduced new AI-powered editing tools coming next month to Instagram that will let users alter their photos and pictures with written prompts. He showed in a demonstration how various prompts could modify one of his childhood photos to picture the young executive wearing an ugly sweater in one image and sporting blue hair in another. Powering the new AI tools is the company's Emu computer vision model, which Zuckerberg characterized as a kind of sibling technology to its Llama family of language-generating software.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Messenger, it's Organizations: Meta's, VR Locations: Menlo Park , California

☆ Here are Friday's biggest analyst calls: Netflix, Apple, Walmart, Arm, Ralph Lauren, Wells Fargo and more
▼ + stars: | 2023-09-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Deutsche Bank reiterates Wells Fargo as buy Deutsche Bank said it's standing by its buy rating on the stock. " BTIG initiates Instacart as neutral BTIG initiated the stock with a neutral rating mainly on valuation. Raymond James initiates Ralph Lauren as outperform Raymond James said in its initiation of Ralph Lauren that it has "strengthening direct-to-consumer." Oppenheimer reiterates Netflix as outperform Oppenheimer lowered its price target on the stock but said it's standing by its outperform rating on shares of Netflix. "Following CFO comments at competitor conference, we are lowering '24E/'25E margins and reducing target to $470 from $515, but maintaining Outperform rating on revenue outlook."

Persons: Goldman Sachs, it's, Meta's, Raymond James, Ralph Lauren, Wells, Wells Fargo, Oppenheimer, Morgan Stanley, XOM, Jefferies, Chris Rolland, downgrades Deere, Canaccord, Bernstein, underperform Bernstein Organizations: Constellation Brands, Deutsche Bank, WFC, Citi, Meta Citi, Meta's, Meta, CART, Bank of America, Apple, of America, Boeing, Communications, Cable, UBS, Netflix, Jefferies, Susquehanna, Semiconductor, Deere, HSBC, Walmart, Procter, Gamble, Procter & Gamble Locations: China, EBITDA

☆ Here are Thursday's biggest analyst calls: Meta, Amazon, Costco, Uber, Sunrun, Alphabet, Exxon & more
▼ + stars: | 2023-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Baird reiterates Meta as outperform Baird said it's bullish heading into Meta's Connect event next week. Bank of America upgrades Nutanix to buy from neutral Bank of America said it sees numerous positive growth drivers ahead for the computer software company. " Guggenheim reiterates Sunrun as buy Guggenheim said Sunrun is the best positioned solar company. Bank of America reiterates Marriott as buy Bank of America said it's bullish heading into Marriott's analyst day next week. Wells Fargo reiterates Amazon as overweight Wells said it sees several "discreet headwinds" for Amazon that investors may not know about.

Persons: Baird, it's, NTNX, Guggenheim, Sunrun, Evercore, Goldman Sachs, Goldman, Jefferies, Wedbush, Uber, JPMorgan, rideshare, Piper Sandler, Piper, Marriott, Wolfe, Wells, Morgan Stanley, Howmet, Truist Organizations: Meta's, Meta, Qualcomm, Bank of America, of America, Costco, Google, JPMorgan, Disney, Petrobras, CF, Microsoft, monetization, UBS, Walmart, Deutsche Bank, Wax Center, Exxon, ExxonMobil, " Bank of America, Citi, Energy, Micron, MU, Aerospace Locations: Howmet's Whitehall

☆ Meta CTO: We didn't rush Quest 3 VR headset because we were worried about Apple Vision Pro
▼ + stars: | 2023-07-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Meta CTO addressed speculation the company rushed to announce its Quest 3 headset because of Apple. Meta announced its Quest 3 headset four days before Apple unveiled its $3,500 Vision Pro at WWDC. Apple Vision Pro? The news came just four days before Apple announced its first "mixed reality" headset, the Vision Pro with a whopping $3,499 price tag, at its annual WWDC event. The Apple Vision Pro was announced four days after Meta's Quest 3.

Persons: Andrew Bosworth, Meta, Mark Zuckerberg's, Meta Bosworth, Boz, that's, Apple Boz, Bosworth Organizations: Apple, Meta, Quest, Morning, Mark Zuckerberg's Facebook, Apple's, Pro, Meta's, Apple Watch

☆ Mark Zuckerberg shows off $499 Quest 3 just four days before Apple is expected to announce a rival headset costing around $3,000
▼ + stars: | 2023-06-01 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

The announcement comes four days before Apple is expected to announce its mixed-reality headset. Apple's headset is expected to cost around $3,000 and reportedly faces some internal skepticism. It's official — Mark Zuckerberg just announced Meta's latest headset, the Quest 3, is coming this fall with a price tag starting at $499. Meanwhile, Apple's rumored mixed-reality headset is expected to be unveiled next week after delayed releases in 2019 and 2022. ET, so check back here Monday afternoon for any news on the big headset reveal.

Persons: Mark Zuckerberg, Zuckerberg, Apple's Organizations: Meta, Apple, Facebook, Apple's, Meta's Connect, Bloomberg

☆ Meta documents show main metaverse is losing users and falling short of goals, report says
▼ + stars: | 2022-10-15 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Horizon Worlds, Meta 's flagship metaverse for consumers, is failing to meet internal performance expectations, according to The Wall Street Journal, which reviewed internal company documents. Additionally, the documents showed that most users didn't return to Horizon after the first month on the platform, and the number of users has steadily declined since spring, the Journal said. As a result, Meta created Horizon Worlds, which is a network of virtual spaces where users can engage with one another as avatars. Representatives for Meta didn't immediately respond to CNBC's request for comment. Read the full Journal report here.

☆ Mark Zuckerberg's big reveal of his legs in the metaverse was actually 'animations created from motion capture,' Meta says
▼ + stars: | 2022-10-14 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Meta revealed legs for its avatars in its metaverse, Horizon World, at the annual Connect event. A Meta spokesperson clarified the legs were a preview made of "animations created from motion capture." It's not clear if Meta has a working demo of the feature and a release date wasn't specified. Zuckerberg said "legs are hard," because it's hard to accurately position body parts like legs in virtual reality, "which is why other virtual reality systems don't have them either." The event did include more concrete news: Zuckerberg announced the new $1499 Quest Pro virtual reality headset is launching October 25.

☆ Mark Zuckerberg showed his full avatar, which now has legs, in real-time for the first time after Meta was slammed for poor graphics
▼ + stars: | 2022-10-11 | by ( Grace Kay | Britney Nguyen | ) www.businessinsider.com time to read: +4 min

Meta CEO Mark Zuckerberg debuted the new metaverse avatars at the company's Connect conference. The company also announced a new $1,499 Quest Pro virtual reality headset, and new partnerships. The metaverse avatars didn't have legs before because it was harder in virtual reality to accurately position where body parts like legs are, the Facebook founder said. "But seriously, legs are hard, which is why other virtual reality systems don't have them either," Zuckerberg said. Zuckerberg shared an updated metaverse avatar image Friday after being widely mocked for a previous version.

☆ Meta CEO Mark Zuckerberg debuts Meta Quest Pro VR headset that will cost $1,500
▼ + stars: | 2022-10-11 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +1 min

Mark Zuckerberg, chief executive officer and founder of Facebook Inc., demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers. Meta CEO Mark Zuckerberg said on Tuesday that his company's newest virtual reality headset, dubbed the Meta Quest Pro, will cost $1,500 and start shipping on Oct. 25. Zuckerberg debuted the device at Meta's Connect conference, geared toward VR and augmented reality developers. Microsoft CEO Satya Nadella also appeared during the online event and discussed a partnership with Meta intended to bring some of his company's work-collaboration apps to Quest VR devices. WATCH: Meta to release new high-end VR headset

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