Zuckerberg dismisses Apple Vision Pro mixed reality headsets
This announcement comes in response to Apple’s recent introduction of the Vision Pro, a sophisticated “spatial reality display” equipped with advanced technology.
Mark Zuckerberg, the chief of Meta has said that while the Apple Vision Pro product may be impressive, it does not align with his vision of the future, according to US media reports.
Zuckerberg expressed his perspective on Apple's mixed reality gear during an employee meeting.
These remarks were made during Meta's first all-hands gathering at its Silicon Valley campus since the pandemic, shortly after Apple introduced its Vision Pro mixed reality headsets.
"I mean, that could be the vision of the future of computing, but like, it's not the one that I want," Zuckerberg reportedly said while assessing what he has seen of Apple Vison Pro.
"There's a real philosophical difference in terms of how we’re approaching this."
Meta, a company known for producing Quest virtual reality headsets, has made significant investments in line with Zuckerberg's belief in the emergence of the metaverse—a concept where internet life unfolds within virtual worlds.
"Our vision for the metaverse and presence is fundamentally social," Zuckerberg said, according to a transcript of remarks posted by tech news website The Verge.
"By contrast, every demo that (Apple) showed was a person sitting on a couch by themself."
In 2021, Meta, formerly known as Facebook, displayed strong confidence in its ability to develop the metaverse—an immersive 3D internet concept. The company rebranded and allocated significant financial resources to pursue this ambitious project.
However, Meta has encountered challenges such as unsuccessful launches, subpar graphics, a lack of clear profitability strategies, and a general perception that the concept remains unclear to many.
As a result, Meta's Reality Labs division, responsible for spearheading the metaverse initiative, has incurred losses totaling $4 billion thus far.
Zuckerberg has shifted his focus towards artificial intelligence, diverting attention away from the metaverse in recent discussions.
During the all-hands gathering, Zuckerberg expressed plans to incorporate generative artificial intelligence into "every single one" of the company's products, CNBC reported.
This announcement comes in response to Apple's recent introduction of the Vision Pro, a sophisticated "spatial reality display" equipped with advanced technology and priced at $3,499.
The Vision Pro is set to hit the market in early 2024.
The Vision Pro, unveiled by Apple, offers users the ability to communicate, work, enjoy entertainment, and choose between immersion and awareness of the surrounding environment.
This advanced device is set to be released soon, providing a versatile and engaging experience.
In addition, Meta announced plans to launch a new-generation Quest 3 headset later this year. The improved model boasts enhanced performance and a sleek design, with a starting price of $500.
Zuckerberg described the upcoming headset as the company's "most powerful headset yet," ensuring an unparalleled wireless experience for mixed and virtual reality.
To make its products more accessible, Meta has also reduced the starting price of the currently available Quest 2 headsets to $300.
Despite these efforts, the Quest headset has struggled to gain significant traction beyond specialised users and gamers.
"We innovate to make sure that our products are as accessible and affordable to everyone as possible," Zuckerberg was reported to tell employees.
Debt interest payments rose to £9.7bn, up £3.8bn from a year earlier.
Borrowing for the first six months of the financial year hit £99.8bn.
Public sector debt now stands at around 95.3% of GDP.
UK GOVERNMENT borrowing in September reached £20.2bn, the highest September total in five years, the Office for National Statistics (ONS) said.
That was up £1.6bn from September last year. Higher debt interest payments offset increased receipts from taxes and national insurance, the ONS said.
Borrowing over the first six months of the financial year stood at £99.8bn, up £11.5bn from the same period last year.
September’s figure was slightly below some analysts’ expectations of £20.8bn but just above the Office for Budget Responsibility’s March projection of £20.1bn.
The government paid £9.7bn in debt interest in September, up £3.8bn from a year earlier. Public sector debt is estimated at 95.3% of GDP.
Capital Economics chief economist Paul Dales told the BBC’s Today programme the chancellor would "love tax receipts to be higher" but that it would depend on faster growth in the economy.
Capital Economics projects the government will need to raise £27bn in the Budget, with "higher taxes on households having to do the heavy lifting". Chief Secretary to the Treasury James Murray said the government would "never play fast and loose with the public finances" and aims to reduce borrowing to cut "costly debt interest, instead putting that money into our NHS, schools and police".
Shadow chancellor Mel Stride said borrowing was "soaring under this Labour government" and that "Rachel Reeves has lost control of the public finances and the next generation are being saddled with Labour's debts."
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