Meta Facebook Glasses unveiled by Zuckerberg

Introduction to New AI Glasses
Mark Zuckerberg, CEO of Meta Platforms, unveiled new AI glasses. These innovations aim to merge the virtual and real worlds, offering a blend of advanced technology integrated into daily routines.

Smart Glasses and Virtual Reality
Meta's new generation of Ray-Ban smart glasses, priced at $299, will start shipping from October 17. These glasses can livestream content directly to Facebook and Instagram. Additionally, the latest Quest mixed-reality headset will begin shipping on October 10.

Meta AI Chatbot and Assistant
Zuckerberg introduced the Meta AI chatbot, capable of generating both text and photo-realistic images. This AI will also be incorporated into the smart glasses. The assistant, named Meta AI, was developed using a model based on the Llama 2 language model. A future software update will enable the assistant to identify places, objects, and perform language translations.

Custom AI Bots and Developer Platform
Meta is creating a platform for both developers and ordinary users to craft custom AI bots. These bots will have profiles on social platforms like Instagram and Facebook and will eventually appear as avatars in the metaverse. To showcase this, Meta designed 28 chatbots styled after various celebrities.

Stock Performance and Future Plans
Following the presentation, Meta shares experienced a 1% drop. However, Zuckerberg announced the arrival of Xbox cloud gaming to Quest in December. The Quest 3 headset, priced at $500, boasts mixed-reality technology, reflecting Zuckerberg's strategy to transition investor interest from augmented and virtual reality to artificial intelligence.

Investor Concerns
The stakes for Meta are high, as last year investors criticized the company for its heavy spending on the metaverse. This led to significant layoffs to fund Zuckerberg's vision. The company's recent moves have been closely watched by developers and investors alike, gauging the potential return on a gamble that has seen the company lose over $40 billion since 2021.

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