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The XR Week Peek (2023.10.11): Meta Quest 3 ships now, a cheaper model may come in 2024… and more!

The Ghost Howls

In its latest post, he stated that Meta plans to make the Quest 3 live as a medium-tier headset while releasing a new cheaper version of it in 2024 as the affordable option for the mass market. Because of these problems and the delays, a cheaper version of the Vision Pro, which was expected for 2025, may have been canceled.

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Big XR News from Unity, PIXO VR, and Microsoft

XR Today - Mixed Reality tag

Meanwhile, the immersive industry is coming closer to a potential paradigm shift in 2024, as big technology brands plan to make a mark on the emerging sector. Currently, Unity is the most widely-used gaming engine used to create VR/AR/MR experiences for individual developers and enterprises.

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The Top VR Headset Vendors for 2024

XR Today - Virtual Reality

Renowned for its ingenuity, Apple has continuously pushed the boundaries of what is possible with its rich tech ecosystem, namely amid increasing competition with Microsoft. Developed in collaboration with other leading XR companies like Microsoft, the HP headset is compatible with a range of platforms.

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How is NVIDIA Using Generative AI?

XR Today - Virtual Reality

Recently Microsoft noted how MR represents the “ eyes and ears ” of AI. Following a mainstream steer away from the Metaverse by some towards genAI – the latter may be gaining the most focus currently – but roadmaps are already in place by firms such as Microsoft to develop the industrial Metaverse by 2024.

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How the Stock Market is Showing Faith in Augmented and Virtual Reality (AR/VR)

ARVR

billion by 2024, a five-year CAGR increase of 54%. Here are just some of the tech stocks many are looking at right now (in no particular order): Microsoft Corporation (MSFT) For the people who brought you the Hololens 2, probably the most sophisticated pair of mixed reality smart glasses out there to date.

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Leveraging the Medical Metaverse to Increase Patient Outcomes

XR Today - Mixed Reality tag

Moreover, Microsoft is resparking its stake in an Industrial Metaverse, with plans to debut products in 2024. However, the WEF report highlights a vertical market that may experience improved professional and patient outcomes thanks to emerging Metaverse applications.

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AWE EU ’23: Key Takeaways and Announcements

XR Today - VR Headsets tag

Sahni also highlighted how new workplace applications are coming to Quest 3, including Microsoft Mesh, Windows 365, and Adobe High Five. 2024 is looking to be a massive year for the industry. As the year concludes, CES 2024 will quickly open the year where firms historically announce game-changing technology.