Latest news with #VuzixBlade
Yahoo
24-06-2025
- Business
- Yahoo
Vuzix (VUZI) Receives $5 Million Investment from Quanta, Achieves Waveguide Production Targets
Vuzix Corporation (NASDAQ:VUZI) is one of the 7 most popular AI penny stocks under $5 to avoid. On June 16, the company received a $5 million second tranche investment from Quanta Computer, a global Original Design Manufacturer (ODM) and strategic partner. SFIO CRACHO/ This latest investment brings Quanta's total investment in Vuzix to $15 million, although the total anticipated investment from the company is $20 million. According to Vuzix, this latest capital injection 'strengthens' the partnership between Vuzix and Quanta and 'expands' Vuzix's waveguide production capabilities. The investment was made in the form of a convertible note with a conversion price of $8.00 per share. Meanwhile, Vuzix has successfully achieved its waveguide production and yield targets. The company successfully scaled its proprietary waveguide manufacturing process to meet the growing demand for its solutions. This milestone is crucial for enhancing the company's state-of-the-art waveguide manufacturing capabilities. Vuzix said that the capital injection and the achievement of a key milestone position it to deliver affordable, lightweight, and performance-driven AI smart glasses for mass-market adoption. Vuzix Corporation (NASDAQ:VUZI) is a New York-based technology company. It designs and sells smart glasses and augmented reality (AR) products. Some of its products already in the market include wearable display devices like the Vuzix Blade, M Series, Shield, and Z100, as well as waveguide optics and display engines. The company also provides engineering services and OEM/ODM solutions. While we acknowledge the potential of VUZI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs China Stocks: 10 Stocks to Buy and 10 Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing. Disclosure: None.
Mint
05-05-2025
- Business
- Mint
Will Meta's smart glasses kill our smartphones?
Ray-Ban Meta's smart glasses will soon launch in India. With live translation, Instagram messaging, and artificial intelligence (AI), they offer a hands-free digital experience. Will they replace smartphones anytime? And what about our privacy and security? AI-powered, or smart, glasses are being used for real-time translation, gaming, navigation, virtual assistance, and remote collaboration. Microsoft HoloLens helps surgeons by overlaying patient data during procedures. Ray-Ban Meta glasses offer virtual try-ons. Vuzix Blade supports technicians with real-time instructions while Google has demoed Android XR smart glasses with Gemini AI, visual memory, and multilingual capabilities. Smart glasses also enable immersive learning with 3D models, and companies like Nreal Light provide real-time translations and interactive guides. Also Read | Mint Primer: What IT companies' Q4 show means for investors Smart glasses focus on augmented reality (AR), overlaying digital elements onto the real world, unlike virtual reality (VR), which creates a fully immersive environment. Devices like Ray-Ban Meta combine miniaturized hardware and AI, with built-in cameras, microphones, speakers, and sensors. A tiny processor handles tasks like translation and object recognition, while Bluetooth or Wi-Fi connects them to phones. Many models support offline use and prescription lenses, with advanced versions offering real-time computer vision for more natural interactions without needing a phone screen. Also Read | Why Sebi wants investors to skip opinion trading The global market size, which touched $18.6 billion in 2024. is projected to grow to $53.6 billion by 2033, says the IMARC Group. It is fuelled by AR-driven navigation, shopping, social interactions, gaming, enterprise use, healthcare, and R&D, with firms like Meta, Apple, Google, Sony, Amazon, Xiaomi, and homegrown LensKart playing in the market. Also Read | Mint Primer: US GDP contracts 0.3% in Q1—why the IMF still sees no recession Mark Zuckerberg believes so. Instead of pulling out a phone, users could view messages, directions, and translations directly in their field of view. However, like smartwatches, which didn't replace phones but complemented them, smart glasses face similar challenges: comfort, battery life, privacy concerns, and social acceptance. While smart glasses may become add-ons, replacing smartphones could take 10–20 years—if ever. The tech must become smarter and more socially-acceptable first. Both consumer and enterprise segments face risks such as secret recording, data leaks, accidental capture of private conversations, and misuse of facial recognition. While firms are implementing safeguards like visible recording lights, audio prompts, and data encryption, these rely on ethical user behaviour. The US, EU, Canada, and Australia are beginning to regulate, with some banning smart glasses in specific areas and others requiring visible indicators when recording. Rules are essential before adoption.
