Meta Platforms Inc. (META) is riding high on Wednesday, with its shares surging after an exciting ‘Meta Connect 2024’ event. The event showcased the company’s ambitious strides in AI, virtual reality (VR), and augmented reality (AR).
One of the major highlights was the unveiling of the Meta Quest 3S, a mixed-reality headset priced at $299. This new headset, set to ship on October 15, 2024, promises to be a game-changer in the immersive technology space.
Meta also announced significant upgrades to its Ray-Ban Meta smart glasses, now featuring AI-driven tools like reminders, QR code scanning, and the exciting prospect of live translation between multiple languages.
Further solidifying its commitment to AR, Meta introduced its ‘Orion’ AR glasses, a prototype product powered by its Meta AI assistant. These glasses are set to undergo testing with select audiences soon.
Meta’s focus on AI continues to gather momentum. The company revealed that its Meta AI chatbot has a staggering user base of over 400 million users monthly. They are also actively expanding AI tools for businesses, particularly those using click-to-message ads on Messenger and WhatsApp.
The company’s dedication to AI was further highlighted by the release of the Llama 3.2 AI models, which possess the impressive ability to understand both text and images. This demonstrates Meta’s commitment to developing cutting-edge AI capabilities that can revolutionize various industries.
The positive reception to these announcements has fueled a 1.42% increase in Meta shares, pushing them to $571.36 according to Benzinga Pro. With its strategic investments in AI, VR, and AR, Meta is positioning itself as a leader in the future of technology.
