Apple reportedly gears up for Smart Glasses debut to rival Meta's Ray-Ban wearables: Launch timeline tipped
Apple is reportedly preparing to unveil its first pair of smart glasses by the end of next year, according to a Bloomberg report published on Thursday. The tech giant is said to be ramping up its efforts to expand its product range and bolster its position in the competitive field of artificial intelligence (AI).
Citing sources familiar with the matter, the report indicates that Apple will likely begin large-scale production of prototype units later this year in collaboration with overseas manufacturing partners. The move marks a strategic shift as the company seeks to capitalise on growing interest in wearable technology with AI capabilities. You may be interested in
The development could follow the relatively modest public reception of Apple's Vision Pro mixed-reality headset, which struggled to gain traction due to its steep price and limited AI integration. In contrast, rival Meta's Ray-Ban smart glasses have gained popularity, offering consumers a more affordable and practical smart eyewear option. Meta has officially introduced its AI-driven smart glasses in India, developed in partnership with EssilorLuxottica under the iconic Ray-Ban brand. Dubbed Ray-Ban Meta Glasses, the wearable device blends classic eyewear aesthetics with modern smart features, allowing users to capture photos and videos, enjoy music, communicate hands-free, and even interact with their surroundings using artificial intelligence.
Apple's upcoming glasses are expected to directly rival Meta's offering, potentially incorporating more advanced AI features to distinguish themselves in the market. However, details about the device's specifications and pricing remain under wraps.
In a related development, Apple has reportedly abandoned plans to release a smartwatch with a built-in camera designed to analyse the wearer's surroundings. The company had been actively working toward launching the innovative wearable by 2027, but the project has now been cancelled, according to the same report.
Apple has not issued an official statement in response to the Bloomberg claims.
(With inputs from Bloomberg and Reuters)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
5 minutes ago
- Business Standard
Trump seeks $1 billion for private-sector-led human missions to Mars
The White House's 2026 budget proposal, calls for allocating more than $1 billion for Mars exploration, including a new Nasa initiative called the Commercial Mars Payload Services programme Bloomberg US President Donald Trump wants to tap the private sector to pave the way for human missions to Mars in a proposal that closely aligns with the goals of Elon Musk. The White House's 2026 budget proposal, released late on Friday, calls for allocating more than $1 billion for Mars exploration, including a new Nasa initiative called the Commercial Mars Payload Services Programme (CMPS). Under the proposal, Nasa would award contracts to companies developing spacesuits, communications systems and a human-rated landing vehicle to foster exploration of the Red Planet. Trump's proposed $18.8 billion Nasa budget would cut the agency's funding by about 25 per cent from the year before, with big hits to its science portfolio. The fleshed-out request on Friday builds upon a condensed budget proposal released earlier this month. 'We must continue to be responsible stewards of taxpayer dollars,' Nasa Acting Administrator Janet Petro wrote in a letter included in the request. 'That means making strategic decisions — including scaling back or discontinuing ineffective efforts.' According to the budget, the contract to land on Mars would build upon existing lander contracts. Musk's SpaceX is already developing a version of its Starship rocket to take Americans back to the moon's surface under the agency's Artemis program. Musk laid out a grandiose vision for a sprawling settlement on Mars during a talk earlier this week with SpaceX employees. Trump's pick to run Nasa, tech billionaire Jared Isaacman, told lawmakers the agency could pursue the moon and Mars in parallel. The administration's proposed cuts, particularly changes to Nasa's science portfolio, have generated criticism from people in the space industry and lawmakers, including from former Republican Congressmen like Newt Gingrich and Bob Walker. Isaacman himself said the science cuts wouldn't be an 'optimal outcome.' The administration earlier revealed plans to phase out the Boeing Co.-built Space Launch System rocket and the Lockheed Martin Corp. Orion crew capsule, parts of which have been in development for years, after three flights. Instead, the budget details a strategy for new, private sector-led trips back to the moon, which the White House said would minimize costs and reduce schedule risks. It would be modeled on a Nasa program that helped to fuel development of SpaceX's Falcon 9 rocket and Northrop Grumman Corp.'s cargo-hauling Cygnus. The budget proposal is likely to run into resistance from veteran members of Congress, like Texas Republicans Senator Ted Cruz and Representative Brian Babin, who have fiercely defended the current plans for going back to the moon.


Mint
14 minutes ago
- Mint
Judge Weighs Big Changes to Google, Including Breakup, AI Limits
(Bloomberg) -- The federal judge who will decide how to limit Google's monopoly in search is considering its advantage in artificial intelligence, and aiming to minimize harm to the other players in the market with any resolution. On Friday in US District Court in Washington, attorneys for Alphabet Inc.'s Google and the Justice Department answered Judge Amit Mehta's final questions in the government's monopoly case against the search giant. It will be up to Mehta to decide whether to break up the company and reshape the internet or impose more limited remedies. Mehta has previously said he expects to issue a ruling by August. You may be interested in The Justice Department has proposed that Google be forced to sell its popular Chrome web browser and share some of the data it collects to create its search results. It has also asked Mehta to ban Google from paying for search engine defaults — a bar that would also apply to Google's AI products, including Gemini, which the government says were aided by the company's illegal monopoly in search. Mehta's first questions to the government focused on whether curbing Google's position in generative AI was a fitting way to address the company's dominance in search. He also mulled the possibility of Google being forced to share key data with rivals and banning it from paying to make its search engine the default on other devices. 'Do you think somebody is going to come off the sidelines and build a new general search engine in light of what we are now seeing happen in the AI space?' he asked. 'The short answer is yes, your honor,' Justice Department lawyer David Dahlquist responded. 'We do believe that these remedies that will be proposed will allow that opportunity to occur. The reason we are so focused on gen AI, and the reason you heard a lot of evidence about it, is because that is the new search access point.' The questions focused on the Justice Department's proposal for forward-looking, long-term measures to reform Google, which Mehta ruled last year was an illegal monopoly of the online search market. Antitrust regulators have argued that Google's dominance in traditional search could extend to generative AI, which is becoming a key gateway for how users access information online. Central to the case are agreements with Apple Inc. and other device makers in which Google pays billions of dollars annually to be the default search engine devices. The company's lawyers have argued that banning Google from competing for search distribution contracts only serves to help large rivals like Microsoft at the expense of consumers, browser companies and device makers. Google's counterproposal would still allow for the company to split revenue with competing browsers. Mehta told the DOJ that if he were to cut off Google's payments to Apple, Mozilla and others to distribute its search engine, it would cause widespread market harm. 'Every single distribution partner said, 'This would harm us.' Some have gone so far to suggest this would put them out of business,' Mehta said. 'Is that an acceptable outcome, to fix one market and harm others?' he asked, referring to the browser and device maker industries. 'That's a fair question,' Dahlquist replied. But 'that is asking the court to put private interests ahead of the public interest.' He added that the government does not 'dispute the possibility of some private impact.' Mehta asked if it would work to create any exceptions to the payment ban, a possibility Dahlquist rejected, saying that even Apple executive Eddy Cue wasn't fully opposed to the government's proposals. Apple stands to lose tens of billions of dollars in annual payments from Google if the DOJ's proposals are adopted and revenue sharing is paused for the next 10 years. 'I think you're right that Mr. Cue wants more choice and he may be willing to be paid less money' for more choice, Mehta responded. 'I just don't know whether he wants to live in a world where he can't get paid anything for no choice.' The company's lead lawyer John Schmidtlein objected to any payment ban. 'Banning the payments here would not be addressing the unlawful conduct,' he said. 'It would not be connected to the violation in this case.' Google has argued that the government's proposals are too extreme, saying they would hurt American consumers and the economy, as well as weaken US technological leadership. Google argues that it is the market leader in search because of more than 20 years of innovation. It says people use its service because it is the best. Schmidtlein asserted on Friday that the court should focus on addressing the specific conduct found to be illegal, rather than imposing extensive remedies — including on Google's generative AI products — that he said could fundamentally restructure the market. But Mehta also appeared skeptical of the tech giant's argument for more limited remedies, indicating he is seriously considering including AI-related measures in his decision. 'It seems to me that to simply say, 'look, just open up the avenues of distribution,' without providing any further remedies that are forward-looking and that would allow competitors to actually be rivals here, sells the remedy portion of this short,' Mehta commented. Schmidtlein countered that gen AI products are not in the relevant market for search. 'There is no evidence that gen AI products have been harmed by any of the conduct issue in this case,' he said. 'They couldn't have been, they weren't around, right?' AI chatbots are already seen as an existential threat to traditional search engines, as they can address users' questions directly with AI-drafted responses — replacing the need to present people with a long list of search results pointing across the web. As the trial unfolded in April and May, some representatives from AI companies told the court they are already being stymied by Google. Perplexity's Dmitry Shevelenko testified that Google's contract with Lenovo Group Ltd.'s Motorola blocked the smartphone maker from setting Perplexity as the default assistant on its new devices. Motorola 'can't get out of their Google obligations and so they are unable to change the default assistant on the device,' the Perplexity executive said. The US has also asked Mehta to order Google to sell its popular Chrome web browser to provide relief to the market. 'Chrome is the most popular browser and the most widely used browser in the United States,' Dahlquist said. 'In fact, its only real rival is the Apple Safari browser, which is also defaulted to Google today.' Thirty-five percent of Google's total queries begin through Chrome, he added, which makes it a significant part of the company's search business. Representatives of two prominent AI startups — OpenAI and Perplexity — have testified during the course of the trial that their companies would be interested in buying Chrome if Google were forced to divest it. But the judge's questions about the remedy suggested concern about whether the divestiture would actually achieve its intended competitive benefits. One possibility is that Chrome is acquired by a company that then self-preferences its own search product, Mehta said. Another is that it isn't purchased by a company that has its own search product and it simply reinserts Google. 'So there's no competition period, so that's not really going to enhance competition,' he said. Dahlquist, the DOJ lawyer, said the agency envisioned a third scenario, where there would be healthy competition for the search access point within Chrome. In the immediate term, the new Chrome owner could accept money from other companies for default search placement or still set Google as its preferred search engine — though Google would be barred from paying for this placement. Once the payment ban was lifted, he said, Google could pay for placement on Chrome again. Google argued that any divested Chrome would be 'a shadow of the current Chrome,' harming competition instead of helping it. Chrome was built with 'blood, sweat and tears' over many years, Google lawyer Schmidtlein said, and the product isn't a standalone business but rather depends on and integrates with other Google products. Still, of the proposed DOJ remedies, Mehta said a Chrome divestiture is 'a little cleaner, a little more elegant, a little less speculative than the other remedies.' Schmidtlein disagreed forcefully, arguing the outcome would be contingent on who buys it and companies including OpenAI are already trying to build their own browser. As he heard the final arguments on Friday, Mehta told government lawyer Dahlquist that he is 'not looking to kneecap Google' but to instead bolster potential competitors. 'We are trying to kickstart competitors, we are not trying to put them on equal footing on day one.' (Updates with Chrome divestiture possibility in final section.) More stories like this are available on


Mint
14 minutes ago
- Mint
Chinese Listing Spree Sparks Revival Hopes in Hong Kong Stocks
(Bloomberg) -- A wave of listings by Chinese companies is expected to reinvigorate trading activity in Hong Kong, with optimism growing that a robust pipeline of debuts will drive the broader stock market higher. First-time share sales in Hong Kong have raised HK$77 billion ($9.9 billion) this year through May, the most for the period since 2021, buoyed by a blockbuster offering by battery giant Contemporary Amperex Technology Co. The boom looks set to continue as companies that represent China's industrial ambitions and rising technological capabilities — such as chipmaker Will Semiconductor Co. and luxury carmaker Seres Group Co. — prepare to debut on the Hong Kong exchange. While there is yet to be a meaningful pickup in turnover, the listings are a welcome development for a market that had been bogged down in recent years by low liquidity and a dearth of prominent new entrants to attract global capital. The Hang Seng Index remains 25% below its 2021 peak despite a 16% gain this year. 'The fundraising rush will be a boon for liquidity and finally make Hong Kong 'China's Nasdaq,' more so than any of the onshore growth boards, given the quality of the listings,' said Chen Da, founder of Dante Research. The arrival of high-profile Chinese companies, and the trading activity that brings, may revitalize stocks that had fallen into obscurity due to low turnover in the broader market, he said. Hong Kong has long been a gateway for global investors seeking exposure to mainland Chinese companies, which currently make up 70% of the Hang Seng Index's weighting. While this role has also left the city's stocks vulnerable to China-US tensions, strong performance by recent entrants shows investors believe the rewards of owning a slice of China's new-economy stocks outweigh the risks of volatility. Share prices for bubble tea makers Mixue Group and Guming Holdings Ltd., and toy manufacturer Bloks Group Ltd., have more than doubled since their Hong Kong debuts this year. The offerings are 'fundamentally reshaping the DNA of the market, representing a strategic upgrade for the city's market,' said Yang Ruyi, fund manager at Shanghai Prospect Investment Management Co. 'Hong Kong is re-branding from merely a China offshore market into a globally-watched benchmark pricing the new economy.' Tech stocks and those embodying new consumption trends could make up 50% of the weightings of the exchange's constituents in the coming years, she expected. To some market watchers, the burst of activity is evoking memories of the IPO boom in the early 2000s that laid the groundwork for a near-300% rally in the Hang Seng Index over the four years through 2007. Zeng Wenkai, a fund manager at Shengqi Asset Management, draws parallels to the momentum that followed Tencent Holdings Ltd.'s 2004 debut, and sees valuations increasing by 20% across the board over the next year. In another potential boost, fast-fashion retailer Shein Group Ltd. is considering switching its planned initial public offering to Hong Kong from London. The bullish sentiment is evident in the gains in Hong Kong Exchanges & Clearing Ltd., whose stock has rallied 36% this year. IPO proceeds could reach HK$160 billion — or $20 billion — this year and put Hong Kong back at the top perch globally, according to estimates by CGS International. Bing Yuan, a fund manager at Edmond de Rothschild Asset Management, said stellar listings by the likes of CATL and Jiangsu Hengrui Pharmaceuticals Co. suggest companies with global footprints and strong governance standards tend to attract more interest from international investors. Despite the budding optimism, a meaningful boost to liquidity and a shift in global funds' perception of Hong Kong as an attractive destination may take time to materialize. There is also the risk of new listings diverting demand away from existing stocks and somewhat offsetting the boost to the broader market. Read: Chinese Firms Go on Fundraising Spree Amid Rush of Easy Money There's little doubt though that a broader revaluation is underway. The Hang Seng Index is among Asia's best performers this year, thanks to an earlier rally driven by DeepSeek's artificial intelligence breakthrough and Beijing's economic support. The Hong Kong benchmark now trades at 10.3 times forward earnings estimates, above a three-year average ratio at around nine. 'The inclusion of H-share listings of A-share companies in major MSCI indexes could serve as a meaningful catalyst for both passive and active capital flows into Hong Kong,' said Gary Tan, portfolio manager at Allspring Global Investments. 'This is particularly significant for sectors such as tech and consumer, which remain underrepresented in Hong Kong relative to their growing importance in China's economic future.' --With assistance from Abhishek Vishnoi and Dave Sebastian. More stories like this are available on