Israel’s Lumus, the developer of reflective waveguide technology for augmented reality (AR) eyewear, has introduced its second-generation technology to enable the development of smaller and lighter AR glasses.

The Lumus Z-Lens 2D waveguide architecture builds upon 2D Maximus to enable the development of smaller, lighter AR eyeglasses with high-resolution image quality, outdoor-compatible brightness and seamless prescription eye integration. The AR modules can be as much as 50% smaller.

The new technology will be demoed publicly for the first time at CES 2023, the big tech trade show in Las Vegas this week. Lumus hopes the tech will be the AR bridge to the exciting possibilities of the metaverse.

“In order for AR glasses to penetrate the consumer market in a meaningful way, they need to be impressive both functionally and aesthetically,” Lumus CEO Ari Grobman said in a statement. “With Z-Lens, we’re aligning form and function, eliminating barriers-of-entry for the industry and paving the way for widespread consumer adoption. Our introduction of Maximus 2D reflective waveguide technology two years ago was just the beginning. Z-Lens, with all of its improvements unlocks the future of augmented reality that consumers are eagerly waiting for.”

Big functionality, small size

Lumus’ new Z-Lens waveguide architecture maintains the superb image quality and high luminance efficiency advantages of its predecessor, Maximus, but features an optical engine that is 50% smaller. The new architecture also allows for more flexibility for glasses manufacturers to place the entrance aperture in various positions.

This allows for significantly more compact AR optics for natural looking glasses that reduce the weight and bulk associated with many of today’s solutions.

Z-Lens’ new, lightweight optical engine features 2K x 2K resolution and full, vibrant color to offer superb image quality. With a brightness of 3,000 nits/watt, consumers will be able to enjoy augmented reality in daylight through a pair of glasses that — from the outside — are virtually indistinguishable from a non-AR pair.

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Veteran investor and Shark Tank star Kevin O’Leary warns that more regional banks could go under as they face immense losses from their exposure to one sector of the economy.

In a new interview on the Meet Kevin YouTube channel, O’Leary says that the commercial real estate sector will likely put a lot of pressure on equity holders, including regional banks.

O’Leary says that investors in commercial real estate will likely get wiped out in the next two years.

“The majority of risk right now in the infrastructure of both regional and money center banks is commercial real estate... We have 11 sectors in the economy. The 11th, the newest is real estate…

The majority of debt that was done in very liquid times with very low rates starts to come due in Q3 and Q4 of 2024. So the defaults will start then and then the peak of it, the refinancing in 2025, is going to be very high.

That’s when all of a sudden the economics of a lot of commercial real estate don’t make sense, it’ll be upside down.

And the equity holders in those real estate buildings, they will go to zero.”

According to O’Leary, the commercial real estate sector will likely trigger a period of weakness in the economy for the next year and a half. The Shark Tank star goes on to say that commercial real estate could eradicate hundreds of billions of dollars worth of investments and trigger the downfall of more regional banks.

“I think we’re going to have a period of softness for maybe 18 months…

It could be that long, and it probably will be triggered by this colored pig in the python of commercial real estate. It’s got to go through the belly.

It’s a really big $0.5 trillion loss, has to be absorbed. It will wipe out 15% of the regional banks.”

source: dailyhodl

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