AI-Powered AR Glasses Take Snap to the Next Level

September 18th, 2024

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Today’s Menu

  • AI-Powered AR Glasses Take Snap to the Next Level

  • Bitcoin Slides Below $60K as Fed Rate Cut Looms

Markets

Price

1 Day Change

Bitcoin

$60,917

.8% ⬆️

Ethereum

$2,351

1.3% ⬇️

Solana

$132

.7% ⬇️

TODAY IN AI

AI-Powered AR Glasses Take Snap to the Next Level

Snap just launched its fifth-generation Spectacles, taking AR tech to new heights with Snap OS and built-in AI features. The glasses have multi-modal AI, contextual understanding, and full freedom of movement, all in a compact design.

Users can interact with AI, experience 3D Lenses, and create dynamic videos and portraits from a single photo.

But with a 45-minute battery life and a limited 46-degree field of view, there’s room for improvement. Still, Snap is breaking new ground in augmented reality tech.

The entire AR/VR space has been a bit disappointing this year (in my opinion). I had very high expectations for virtual reality last year after seeing how much Apple and Meta were investing into the Vision Pro and Meta Quest headsets.

It hasn’t panned out how most people would expect…

Apple and Meta have enormous budgets and can afford to lose billions of dollars per year on these new launches. The question is…how LONG will they continue to do so.

Maybe smaller companies like Snap will have more luck gaining traction in the space.

Today In Crypto

Bitcoin Slides Below $60K as Fed Rate Cut Looms

Bitcoin fell below $60,000 during the European morning ahead of a widely anticipated interest-rate cut by the Federal Reserve, its first in four years.

Historically, lower borrowing costs drive risk assets like cryptocurrencies higher, but this cut may signal concerns about the economy.

Bitcoin is trading around $59,900, up 1.3% in the last 24 hours, while the broader digital asset market has dropped 0.7%. Ether remains stagnant, and BitGo is set to launch USDS, a stablecoin offering rewards to liquidity providers, next year.

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