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Metaverse tech gets US greenlight to use speedier 6GHz frequency

October 20, 2023 Coin Telegraph

6ghz

The United States Federal Communications Commission made the decision amid a flurry of mixed reality devices that are hitting the market.

Low-power wearable technology, including virtual and augmented reality devices crucial to the metaverse, will be permitted to tap into the 6 GHz frequency band following a rule change from the United States communications regulator.

In an Oct. 19 press release, the Federal Communications Commission said it opened up the 6 GHz frequency band to “very low power devices” without needing a license, permitting a total of 850 megahertz of spectrum.

The band boasts faster speeds, more bandwidth and lower lag — or “latency” in technical terms.

“These rules will spur an eco-system of cutting-edge applications, including wearable technologies and augmented and virtual reality,” it said in a statement.

The 6 GHz band is, as the FCC claims, “important for next-generation Wi-Fi operations” and was first opened for use for some devices by the regulator in late 2020.

The Commission has adopted new rules to allow very low power devices to operate in the 6 GHz band alongside other Wi-Fi-enabled devices: https://t.co/HFaf2Hbh4M
— The FCC (@FCC) October 19, 2023

The FCC said its decision would “enrich consumer experiences and bolster the nation’s economy.”

Meta, Apple and Google have been working on AR or VR wearables — the latest to drop was Meta’s Quest 3 in early October, while Apple’s Vision Pro is expected to ship in early 2024.

Meta also released a second version of its Rayban-partnered AR glasses in September. According to a Bloomberg report at the time, Apple and Google are also working on AR-enabled glasses.

The three Big Tech players first petitioned the FCC in early 2020 to open up the frequency spectrum so they could use it for very low-power devices such as their wearables.

Uses for the 6GHz band highlighted by Bloomberg included connecting AR/VR devices to a smartphone or sharing navigation data with a vehicle.

In its statement, the FCC said the new rules were careful to limit permitted devices to very low power levels subject to other requirements that would allow their operation across the country while protecting licensed services that operate on the same band.

The 6 GHz band is also used by services that manage the U.S. electric grids, long-distance phone services, and backhaul — the links between core and subnetworks — hence the need for FCC oversight.

The regulator also proposed expanding the low-power devices to use the remaining 6 Ghz band and the ability to use higher power levels if they are geofenced to stop interference with licensed operations on the same band.

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Meta Q2 earnings: Reality Labs losses top $7.7B year to date

July 27, 2023 Coin Telegraph

Meta Q2 earnings: Reality Labs losses top .7B year to date

Meanwhile, Meta's metaverse-building business has racked up around $21 billion in losses since the start of 2022.

Meta's metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023.

Its second-quarter 2023 results released on July 26 saw Meta report an 11% revenue gain compared to the same quarter last year, totaling $31.9 billion.

Its metaverse-focused Reality Labs revenue topped $276 million, its lowest in two years and a nearly 40% drop compared to Q2 2022.

*Meta's segment results in millions since Q2 2021 with* *added* *highlights on Reality Labs' Q2 2023 revenue and operating losses. Source: Meta*

On an earnings call, Meta's financial chief Susan Li said Reality Labs' revenue drop was due to lower sales of its Quest 2 virtual reality (VR) headset. The department's expenses were up 23% to $4.0 billion partly caused by a growth in staffing costs.

Reality Labs' operating losses are set to increase through 2023, Meta said. It cited VR-related product development efforts and further investments in its metaverse as the reason for the losses extending.

On the call, Meta chief Mark Zuckerberg said the firm is focusing on artificial intelligence "in the near term and the metaverse over the longer term."

He reiterated Meta is "fully committed" to its metaverse alongside its AI investments and said the two areas are "overlapping and complementary."

He added its AI model Llama is being used to build a number of products that will help users "create worlds and the avatars and objects that inhabit them as well" and said he would share more later in the year.

Meta's stock price jumped on the earnings and is up over 7% in after-hours trading to around $320 according to Google Finance data. Meta shares have gained nearly 140% year-to-date but are still off from their September 2021 all-time high of over $378.

*Meta's stock price spiked to over $320 in after-hours trading on July 26. Source: Google Finance*

Zuckerberg mentioned its July 6 launched platform Threads was “seeing more people coming back daily than I’d expected” and said Meta was focused firstly on Threads user retention, then growth and would later focus on monetizing the platform.

The comments come the same day as a July 26 report from data analytics firm Similarweb that claimed Threads users have declined 60% from launch.

Threads peaked at 49 million daily active users on July 7 but fell to 12.6 million daily active users by July 23 with users spending less than five minutes a day on the app over the past week.

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‘Extended reality’ to create 860K jobs by 2025: EU Commission

July 12, 2023 Coin Telegraph

The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse.

The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — will create as many as 860,000 jobs in Europe by 2025.

Extended reality or XR is an umbrella term for immersive technologies including virtual reality, augmented reality and mixed reality, and is a “major technology enabler” for virtual worlds, said the Commission on July 11.

Europe throws its hat in the ring to become a world leader in Web 4.0 and virtual worlds.

The new internet will impact the way people live together, bringing many benefits.

And we need to have people at the centre and shape it according to our EU digital rights and principles. pic.twitter.com/rc0R3qUm0y
— European Commission (@EU_Commission) July 11, 2023

“The impact on employment is expected to be highly significant,” it said, noting that another 1.2 million to 2.4 million jobs would be directly or indirectly created in other sectors by 2025.

However, the Commission noted that today, most of the innovation around the Metaverse occurs in the United States, China and South Korea.

“Contrary to these countries, in the EU there are no tech giants to lead the investment in the development of virtual worlds over the next decade.”

Most of the AR/VR market activity in Europe focuses on gaming, media and entertainment, but there’s “much room” for other applications, including retail, healthcare, military and defense, and manufacturing.

The Commission noted that virtual worlds, enabled by these XR devices, are one of the technologies enabling the “next generation” of the world wide web — Web 4.0 — where physical and digital objects come together in virtual environments in real-time.

“We are at the onset of a major technological transition, Web 4.0. Virtual worlds are an important enabler of Web 4.0 that can significantly revolutionize the daily lives of people and open a wide range of opportunities in many business and industrial ecosystems,” it said.

Some examples included using virtual worlds to train surgeons for complex medical procedures, using “digital twins” to preserve cultural heritage buildings, or even, using 3D models to solve global warming.

In its working document submitted to the European Parliament, the Commission proposed its plan to become a “world leader” in Web 4.0 and the Metaverse.

Web 4.0 (aka the #Metaverse ) will allow an integration between digital and real objects and environments.

Europe has what it takes to lead this next technological transition — notably for the #industry.

Our strategyhttps://t.co/Bc39OYDkru pic.twitter.com/v4iGqtEkKw
— Thierry Breton (@ThierryBreton) July 11, 2023

“Today, Europe throws its hat in the ring to become a world leader in Web 4.0 and virtual worlds,” said Thierry Breton, the European Commissioner for Internal Market.

A total of 10 actions have been proposed by the Commission to achieve this, including attracting specialized virtual world talent to the region, creating regulatory sandboxes to test novel ideas and developing global standards for interoperable metaverses.

“Europe has what it takes to lead the next technological transition: innovative start-ups, rich creative content, and industrial applications, a strong role as a global standard-setter, and an innovation-friendly and predictable legal framework,” added Breton.

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