Apple Plans Glasses for 2026 as Part of AI Push, Nixes Watch With Camera
By
Updated on
Save
Apple Inc. is aiming to release smart glasses at the end of next year as part of a push into AI-enhanced gadgets, but it has shelved plans for a smartwatch that can analyze its surroundings with a built-in camera.
Company engineers are ramping up work on the glasses — a rival to Meta Platforms Inc.'s popular Ray-Bans — in a bid to meet the year-end 2026 target, according to people with knowledge of the matter. Apple will start producing large quantities of prototypes at the end of this year with overseas suppliers, said the people, who asked not to be identified because the products haven't been announced.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
18 minutes ago
- CBS News
Sacramento City Council approves revised $1.6 million city budget
Sacramento city leaders have reached the culmination of a months-long process, voting to pass a revised $1.6 billion city budget and close a $62 million funding gap. In the revised budget, the City of Sacramento says it will not lay off any city employees. Though funding for vacant positions was cut, the mayor says no one is out of a job. "We adopted our budget, which was the number one thing cities must do every year. We had to make some tough decisions but by and large, residents won't see any major impacts in their communities," Mayor Kevin McCarty told CBS Sacramento after the vote. " We didn't adversely cut public safety funding from police and fire. The budget also restores money for youth violence prevention funding. However, ahead of the vote, what we heard in public comment was frustration and doubt from most of the public speakers who said the budget doesn't have enough money for the community or youth. Councilmembers Lisa Kaplan and Mai Vange opposed the revised budget. "I don't think we are doing what we need to do to be readily transparent, implement our values, and show a two-year budget when we know the minute this passes, which I know this will, that we are already $60 million in the hole," Kaplan said ahead of the vote. The mayor added that the council will be back to address a deficit next year, saying that the problems aren't over.
Yahoo
23 minutes ago
- Yahoo
Exclusive: Binance CEO responds to IPO plans
Exclusive: Binance CEO responds to IPO plans originally appeared on TheStreet. In an interview with TheStreet Roundtable, when asked about a potential Binance IPO, Richard Teng replied, 'I'm too old to say never say never, right?' He added that any decision of this scale 'are very important corporate decisions that we have to discuss at the board of directors level and discuss with the shareholders what's the intention.' Richard Teng was appointed CEO of Binance in November 2023 — taking over from founder Changpeng 'CZ' Zhao after his U.S. settlement. He had previously led Binance Singapore since August 2021 and served as CEO of the Abu Dhabi Global Market and in senior roles at the Monetary Authority of Singapore, bringing over three decades of financial services and regulatory experience to the exchange. Teng underscored that any listing would need to reflect the strong user demand that underpins Binance's growth. 'What we aim to do as a platform is to continue to be the best platform for our users,' he said. He noted that 'we exist only because our users continue to have strong confidence and trust in us.' Stablecoin issuer Circle debuted on the New York Stock Exchange on June 5, pricing its IPO at $31 per share and opening at $69. The stock closed its first day at $83.23 with a 168% gain after upsizing the deal to raise $1.05 billion, valuing the company at roughly $18 billion on a fully diluted basis. Gemini, the Winklevoss-founded crypto exchange, confidentially filed for a U.S. initial public offering on June 6, signaling its intent to list. Details on share count and pricing remain under wraps, but the filing underscores growing investor appetite for crypto natives in public markets. Teng also pointed out that 'we have seen a sharp growth in terms of user numbers throughout the world, both institution and new retail users coming to us.' He said the board would factor that momentum into its deliberations on timing and structure. Teng emphasized that an IPO must align with Binance's mission to serve its users. He said the company will only proceed when the board and shareholders agree on the path forward — leaving timing open and dependent on collective oversight. Teng disclosed that Binance secured its first institutional investment from MGX, a sovereign-backed investor in Abu Dhabi's AI data center sector. He said MGX made a minority investment of $2 billion in stablecoin — marking the largest crypto-area deal paid in stablecoin and Binance's first institutional backing. While the company remains in a 'very healthy financial shape,' Teng stressed that this capital will support ongoing innovation, security and compliance efforts. Exclusive: Binance CEO responds to IPO plans first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
27 minutes ago
- Bloomberg
EU Aims for US Trade Talks to Extend Past Trump's July Deadline
The European Union believes trade negotiations with the US to extend beyond President Donald Trump's July 9 deadline, even as the speed of the talks has increased over the past week. The EU sees reaching an agreement on the principles of a deal by July 9 as a best-case scenario, which would allow further talks to work out the details, according to people familiar with the matter. The US is expected to respond to the latest round of negotiations in the coming days and provide clarity on the next steps.
