| Mobile Web

Search results for Augmented reality

Mobility

Kia\'s Vision Meta Tourismo electric sports concept nears production, with cost the final variable

Kia\'s electric sports car concept Vision Meta Tourismo has been developed to a stage close to mass production, industry watchers say. Kia\'s global design chief Karim Habib said the company has built a fastback version that is 90 percent ready for production. He said mass production would begin only when it can be built at a reasonable cost, citing high manufacturing costs for high-performance electric cars.

AI & Enterprise

Meta acquires humanoid robot startup Assured Robot Intelligence

Meta has acquired humanoid robot startup Assured Robot Intelligence, the Wall Street Journal reported on Thursday. The deal terms were not disclosed. Assured Robot Intelligence leaders Lerrel Pinto and Xiaolong Wang will join Meta and focus on optimizing robotics application models. Meta is shifting its strategy from metaverse-focused augmented reality to AI. Mizuho analysts said Mark Zuckerberg’s vision still lacks specifics but an agent-centric consumer strategy is taking shape.

AI & Enterprise

Meta Reality Labs posts $4 billion operating loss in Q1; cumulative losses top $80 billion

Meta’s metaverse business continues to post losses even as the company pours large amounts of money into AI, CNBC reported on April 29. Meta said its Reality Labs unit, which develops VR and AR technology and wearable devices, posted first-quarter revenue of $402 million and an operating loss of $4.03 billion. Wall Street had expected $488.8 million in revenue and a $4.82 billion loss. Cumulative operating losses have topped $80 billion since late 2020.