Business News Report
September 27, 2023

Meta Connect 2023: Mark Zuckerberg to Unveil AR/VR Investments, Quest 3 and AI Vision

In Brief

Mark Zuckerberg is set to unveil his metaverse vision at Meta Connect, addressing the shift in investor focus from AR/VR to AI.

With concerns over excessive metaverse spending, developers seek opportunities, while investors hope for signs of metaverse success.

meta connect 2023

Meta CEO Mark Zuckerberg is gearing up to provide a comprehensive update on his visionary approach to crafting the immersive metaverse, which he fervently believes represents the future of computing.

The revelation is set to take place at Meta Connect, the company’s annual event, where Zuckerberg’s announcements will illuminate his strategic response to the shifting landscape of investor interest – a transition from augmented and virtual reality (AR/VR) technologies to a resurging fascination with artificial intelligence.

What to Expect at Meta Connect 2023?

With past criticism over extensive metaverse spending, the stakes are high, and developers and investors are eager to assess the potential of new hardware devices, AI-powered virtual assistants, and the company’s ongoing metaverse initiatives. Extensive spending on the metaverse led to significant layoffs as Zuckerberg persisted in financing his vision.

Developers are keen to discover opportunities for creating applications for Meta’s latest hardware offerings, including the upcoming Quest VR headset that launches this fall. Meanwhile, investors are looking for signs that the company’s metaverse ambitions, which have incurred over $40 billion in losses since 2021, may eventually yield significant returns.

One key highlight of the event should revolve around AI-powered virtual assistants featuring distinctive personalities, which Meta plans to integrate into its applications.

However, Quest 3’s reveal is expected to be the centerpiece of the event. Meta teased Quest 3 as a thinner, more comfortable, and high-resolution mixed reality headset with a $499 price tag.

Ahead of the event, Meta also introduced mobile and web versions of its flagship social VR platform, Horizon Worlds.

The two-day Meta Connect begins on September 27 at 10 AM PT/1 PM ET. You can check the agenda here.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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