👉👉👉 Meta is planning mixed reality glasses they’re calling ‘Puffin’ — Report

Meta Platforms is reportedly developing a new, sleek pair of mixed-reality glasses, potentially replacing its bulkier previous models. Codenamed “Puffin,” these glasses are expected to launch by 2027, according to a report from The Information on August 27.

The Puffin glasses will be significantly smaller than Meta’s current Quest headsets and won’t require handheld controllers. Instead, users will operate them using hand gestures and eye movements, similar to features found in the Apple Vision Pro, a competing mixed-reality headset.

Unlike the $3,500 Apple Vision Pro, Puffin is anticipated to be more affordable and compact, potentially appealing to a broader audience. Mixed reality headsets blend the real world with virtual elements, enabling interaction with both digital and physical objects.

This news follows Mark #Zuckerberg ’s recent comments about the next-generation mixed-reality product, which he described as resembling smart glasses with holographic displays, cameras, microphones, and speakers. These glasses are intended to bridge the gap between Meta’s Ray-Ban Meta, which lacks a display, and bulkier VR headsets.

Zuckerberg envisions these glasses as having a full field of view (FOV) holographic display for real-time communication, informational overlays, and heads-up displays, all while being as slim as traditional glasses.

Meanwhile, Meta’s Reality Labs division has been investing heavily in R&D, spending over $59.9 billion since its founding in 2019. Despite posting $353 million in sales revenue for Q2, the division continues to face significant losses. However, Meta’s CFO, Susan Li, expects these losses to decrease substantially with upcoming product releases.

Source - cointelegraph.com

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🚀💸 Meta's Rollercoaster: Reality Labs Reports $46.5 Billion Loss Amidst $11 Billion Revenue Surge!📊💔

Meta's 2023 Q4 financial results have brought both highs and lows, as its metaverse division, Reality Labs, suffered a staggering loss of $46.5 billion, contrasting sharply with a formidable $11 billion in revenue. 🌐💰

💔 **Reality Labs' Bumpy Ride**: This marks the largest quarterly operating loss since Q4 2020, when Meta first incorporated Reality Labs' financial data into its reports. The metaverse venture is no stranger to financial fluctuations.

💸 **Quest 3 Launch Dominates Q4 Revenue**: Despite the setbacks, Reality Labs saw a silver lining with total revenue for 2023 nearing $19 billion. Notably, over half of this revenue flooded in during Q4, fueled by the launch of the highly anticipated Meta Quest 3 VR headset on October 10, 2023.

📉 **2023 Operating Loss Climbs to $161 Billion**: Meta faced a 17.5% increase in the total operating loss for 2023, reaching a staggering $161 billion. The financial rollercoaster showcases the challenges and ambitions in the rapidly evolving metaverse landscape.

🎮🤖 **Zuckerberg's Vision Unveiled**: Meta's founder and CEO, Mark Zuckerberg, attributed Reality Labs' revenue surge to the stellar performance of the Quest 3 headset. He emphasized that the company's long-term vision revolves around artificial intelligence and metaverse gaming, pledging continued investments in these pivotal areas.

🚀🌌 **Meta's Commitment to the Future**: Despite financial setbacks, Meta remains steadfast in its commitment to shaping the future. The ambitious goals set by Zuckerberg underscore the strategic importance of AI and metaverse gaming in Meta's roadmap.

🌐💡 **Navigating the Metaverse's Financial Cosmos**: Meta's financial journey through the metaverse continues to captivate attention, reflecting the complexities and opportunities within this dynamic landscape.

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Facebook founder Mark Zuckerberg said age verification not its responsibility, ‘points finger’ at Apple and Google
During a congressional online safety hearing before the US Senate, Mark Zuckerberg, the founder and CEO of Meta, the parent company of Facebook, joined other executives facing intense scrutiny. Zuckerberg expressed his belief that app store providers, such as Apple and Google, should take responsibility for managing parental consent systems for children's use of social media platforms like Facebook and Instagram, rather than placing the burden solely on businesses like his.
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