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Meta Accidentally Leaks Budget-Friendly Quest 3S Wearable
5-minute tech market update.
Kristoffer Lindström
September 11, 2024
TECH BRIEF
Meta has unintentionally leaked the Quest 3S, a next-generation, budget-friendly wearable tech that adds to its product range. The early reveal supports previous speculation surrounding Quest 3S headset accessories, suggesting the device will be a cheaper version of the Quest 3. Despite the lower price tag, iconic features seen in the Quest 3 will be maintained. The Quest 3S, with a projected cost of $250-$300, is expected to be launched at the upcoming Meta Connect 2024 event this September.
Roblox is set to unlock in-game commerce via a new integration with Shopify, enabling brands with Shopify storefronts to sell physical goods directly in their Roblox games. This could open new financial opportunities for Roblox creators to align with brands for commerce activations. Shopify's pilot of the integration is imminent, with a larger launch planned for 2025. This partnership brings significant potential to smaller brands and retailers.
Apple lost its 10-year legal battle over tax issues in Ireland, with Europe's top court siding against the tech behemoth. This comes after the European Commission accused Apple of receiving "illegal" tax benefits from Ireland over two decades and ordered the return of 13 billion euros in back taxes. The escalating litigation emphasizes ongoing tension between US tech companies and the European Union over issues like data protection, taxation, and antitrust concerns.
OpenAI is set to release its new artificial intelligence model, Strawberry, which is capable of solving new math problems and has advanced reasoning capabilities. The model aims to improve complex information processing and push the boundaries of AI. Expected to be released within two weeks, this comes as OpenAI seeks to raise several billion dollars in a funding round aiming for a valuation above $100 billion.
Microsoft has significantly expanded the number of logical qubits in its Azure Quantum Cloud service, demonstrating logical operations with the largest number of error-corrected qubits to date. Partnering with Atom Computing, which provides hardware with over 1,000 hardware qubits, Microsoft plans to progress in the development of efficient quantum computing systems.
Google is introducing new features to improve tab organization in Chrome iOS. The update allows users to create custom-labelled tab groups that can be universally accessed across all devices. Google is also testing a proactive feature that recommends previously opened websites across all devices, eliminating the need for bookmarks.
Sony's PlayStation 5 Pro, debuting November 7th for $700, offers enhanced graphics, smoother gameplay, 4K and 60 fps, and more ray tracing. With an upgraded GPU and Wi-Fi 7 support, its release aims to make big TV gaming experiences more enjoyable.
The European Union's Court of Justice has upheld a €2.4 billion ($2.6 billion) antitrust fine against Google. The tech giant was accused of illegally using its search engine dominance to rank its own shopping services higher than its competitors.
Glean Technologies raised over $260 million in a funding round led by Altimeter and DST Global, increasing its value to $4.6 billion. The funds will fuel the development of its enterprise AI platform and worldwide expansion.
TSMC's demand surges with a 33% revenue increase in August due to AI. Q3 revenue expected to grow 37% with healthy production yields in Arizona, matching Taiwan.
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