Adopting robots makes profits drop before they rise, study finds

As demand for industrial robots surges, new research suggests the rewards are slow to materialise. According to the Cambridge University study, robots typically cause early losses before they can yield a…

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Meta’s Annual XR Conference Will Have an “In-person Presence” for the First Time Since 2019

Meta announced that Connect, its annual XR developer conference, will have an “in-person presence” this year, marking the first time since the COVID-19 pandemic began in late 2019. Connect is…

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Apple Joins Pixar, NVIDIA, & More to “accelerate next generation of AR experiences” with 3D File Protocol

Today, big tech companies including Apple, Pixar, Adobe, Autodesk, and NVIDIA, announced the formation of the Alliance for OpenUSD (AOUSD), which is dedicated to promoting the standardization and development of…

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Virtuix Raises $4.7M in Latest Crowd Investment, Plans to Ship 1,000 VR Treadmills by Year’s End

Virtuix, the company behind the Omni VR treadmill, announced it’s raised $4.7 million through its latest crowd investment round. The Austin, Texas-based company also says it plans to ship 1,000 of…

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Meta Reveals New Prototype VR Headsets Focused on Retinal Resolution and Light Field Passthrough

Meta unveiled two new VR headset prototypes that showcase more progress in the fight to solve some persistent technical challenges facing VR today. Presenting at SIGGRAPH 2023, Meta is demonstrating a…

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