The United States Supreme Court is about to decide on two cases brought by NVIDIA and Meta (Facebook) to avoid legal action against them for fraud on securities. The U.S. Supreme Court will hear NVIDIA's arguments on November 13 regarding the dismissal attempt of the securities class action lawsuit. Swedish investment firm E. Ohman J:or Fonder AB claims NVIDIA misled investors in 2017-2018 by understating its revenue dependency on cryptocurrency mining. NVIDIA's stand lies in the plaintiff's failure to meet the criteria established by the 1995 Private Securities Litigation Reform Act. Earlier this year, NVIDIA settled with the U.S. regulatory authority to pay $5.5 million to settle charges about the poor reporting of crypto mining's impact on its gaming segment.

The Supreme Court is also set to adjudicate the case brought by Facebook to dismiss the securities lawsuit where investors led by Amalgamated Bank accused the company of deceiving them by not revealing a 2015 data breach that involved Cambridge Analytica and which, in turn, affected more than 30 million users. The case came to the fore after Facebook's stock tanked in the light of reports about Cambridge Analytica's misuse of user data during the 2016 Trump campaign. Facebook maintains it wasn't obliged to disclose past breaches in risk statements, as these are supposedly forward-looking. The company had previously paid $100 million in penalty to the SEC and $5 billion to the FTC over the same issue. Recently, three Supreme Court decisions in June had eroded federal regulators, namely the SEC which is the principal regulator of securities fraud, and appear to bring more limitations to the power of private plaintiffs to be able to enforce federal rules set out for corporate misconduct.

Apple's Vision Pro mixed reality headset is due to launch on February 2—many rival companies in the AR/VR market space will be taking notes once the slickly designed device (with a $3499 starting price) reaches customers. The Wall Street Journal claims that the executive team at Meta is hopeful that Apple's headset carves out a larger space within a niche segment. The latter's "more experimental" products sometimes have surprising reach, although it may take a second (i.e cheaper) iteration of the Vision Pro to reach a mainstream audience. Meta is reported to have invested around $50 billion into its Quest hardware and software development push—industry experts reckon that this product line generates only ~1% of the social media giant's total revenue.

Insider sources suggest that CEO Mark Zuckerberg and his leadership team are keen to see their big money "gamble" finally pay off—Apple's next release could boost global interest in mixed reality headsets. The Wall Street Journal states that Meta staffers "see the Quest and its software ecosystem emerging as a primary alternative to Apple in the space, filling the role played by Google's Android in smartphones." They hope that the Quest's relatively reasonable cost-of-entry will look a lot more attractive when compared to the premium Vision Pro. The report also shines a light on Meta's alleged push to focus more on mixed reality applications, since taking "inspiration" from Apple's WWDC23 presentation: "In addition, some developers are simplifying their apps and favor Apple's design that allows wearers to use their eyes and fingers to control or manipulate what they see. Meta's Quest primarily relies on the use of controllers for games or applications, although it can work with finger gestures."

Meta Platforms, Inc. (formerly known as Facebook) has begun implementing widespread staff layoffs across multiple company departments. The cutback operation was announced last month, with the social media giant targeting 10,000 positions (throughout 2023) in an effort to become more efficient. 13,000 staffers were released from their jobs last year, representing 13% of the workforce at the time - advertising revenues had declined in 2022 and Meta said that the change was required in order to navigate economic downturns. A repeat of that sentiment has been issued this year and two internal games development studios have been affected quite heavily by the latest layoff initiative, reports suggest. Ready at Dawn and Downpour Interactive are getting a lot of press coverage - due to former staffers divulging details of Meta's cutbacks via social media.

Thomas Griebel, a (now former) Senior engine programmer at Ready at Dawn, took to Twitter two days ago and made claim that: "One third of the studio was laid off today, including the studio head." He also observes that the studio has been shrinking over time: "Also lost some really great people just due to attrition. Think we're down almost (down to a) half since when I started in August (2022)." Former Ready at Dawn technical designer Colin McInerney has also released a string of information about co-workers being let go. Michael Tsarouhas (senior designer) and Daan van Zelst (level designer) have confirmed that they were released from their roles at Downpour Interactive.

At the start of 2023, EMEET previewed its first-ever self-created streaming camera, the EMEET StreamCam One, at CES 2023 in Las Vegas. Now EMEET, as a global leader in professional audio and video conferencing solutions, is proud to announce the launch of EMEET StreamCam One. This self-created streaming camera has been designed for both personal and enterprise users. This product offers high-quality video and audio, multiple features, and easy-to-use operation.

The StreamCam One is the latest wireless network camera they have launched, which represents an innovation in the field. With this product, users can take advantage of its multi-camera support, high-quality audio, support for multiple platforms, user-friendly operation, and quality assurance.

Meta today announced its next-generation AI platform, Grand Teton, including NVIDIA's collaboration on design. Compared to the company's previous generation Zion EX platform, the Grand Teton system packs in more memory, network bandwidth and compute capacity, said Alexis Bjorlin, vice president of Meta Infrastructure Hardware, at the 2022 OCP Global Summit, an Open Compute Project conference.

AI models are used extensively across Facebook for services such as news feed, content recommendations and hate-speech identification, among many other applications. "We're excited to showcase this newest family member here at the summit," Bjorlin said in prepared remarks for the conference, adding her thanks to NVIDIA for its deep collaboration on Grand Teton's design and continued support of OCP.

Meta has recently announced that it will be increasing the cost of the Quest 2 VR headsets by 100 USD with the 128 GB model set to retail for 399 USD effective August 1st. The 256 GB Quest 2 will now sell for 499 USD while the various accessories and refurbished headsets will also see price increases at the same time. Meta has stated that the price increases are a result of increasing component prices and will allow the company to further invest in VR technology. This announcement comes after the Facebook account requirement were dropped and Meta will also be including a free copy of Beat Saber for all Quest 2 headset purchases until 2023.

Tachyum today announced it has completed validation of its Prodigy Universal Processor and software ecosystem with the operating system FreeBSD, and completed the Prodigy instruction set architecture (ISA) for FreeBSD porting. FreeBSD powers modern servers, desktops, and embedded platforms in environments that value performance, stability, and security. It is the platform of choice for many of the busiest websites and the most pervasive embedded networking and storage devices.

The validation of FreeBSD extends Tachyum's support for open-source operating systems and tools, including Linux, Yocto Project, PHP, MariaDB, PostgreSQL, Apache, QEMU, Git, RabbitMQ, and more.

AMD on Monday made several major announcements covering different parts of its enterprise product roadmap. These included the 3rd Gen EPYC "Milan-X" processors with 3D Vertical Cache memory; Instinct MI200 CDNA2 compute accelerators, and announcements related to next-generation "Zen 4" based EPYC "Genoa" and "Bergamo" processors that come with core counts as high as 128. The company's stock rallied up to 12%, closing up 10%, which left many in the tech community scratching their heads. It turns out that the AMD-Meta deal has a profound impact on investors.

Meta, the holding company of Facebook covering all its businesses, aspires to be a major cloud solutions provider on par with Microsoft Azure, AWS, and Google Cloud. The deal could see Meta buying large stocks of AMD processors and compute accelerators to drive its next-gen server infrastructure. Sales of enterprise processors doubled year-over-year for AMD, and EPYC processors now account for 20% of the company's revenues.

Mark Zuckerberg has recently announced a rebrand of Facebook to Meta during the companies Connect 2021 AR/VR event. This change will involve the dissolution of the Oculus brand for hardware naming and will also introduce an arguably more significant change in that Oculus/Meta accounts will be disassociated with Facebook accounts removing the need for a Facebook account to use the headsets. This change has allegedly come about due to the negative connotations regarding the Facebook brand and to encourage new users who aren't interesting in creating a Facebook account. While these changes won't be fully implemented until 2022 some users have reported that Oculus support is able to unlink Facebook accounts immediately while retaining purchases and most non-social features on the headset.

Andrew BosworthAs we've focused more on work, and as we've heard feedback from the VR community more broadly, we're working on new ways to log into Quest that won't require a Facebook account, landing sometime next year. This is one of our highest priority areas of work internally.

Today at Connect 2021, CEO Mark Zuckerberg introduced Meta, which brings together Facebook's apps and technologies under one new company brand. Meta's focus will be to bring the metaverse to life and help people connect, find communities and grow businesses.

The metaverse will feel like a hybrid of today's online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can't be together — and do things together you couldn't do in the physical world. -It's the next evolution in a long line of social technologies, and it's ushering in a new chapter for the company. Zuckerberg shared more about this vision in a founder's letter.

Facebook has recently announced they have paused global sales of the Oculus Quest 2 while they work to include a silicon cover to supplement the original foam face pad. The original foam cover caused skin irritation for select users so Facebook has launched a voluntary recall of the cover in the US and Canada while they work to ensure that all new products will ship with the updated silicon cover. Facebook has received 5,716 reports of skin irritation where 45 cases required medical attention from 4.2 million units shipped in the US and Canada. Facebook will also introduce a new 128 GB model when the Oculus Quest 2 resumes sales on August 24th which will replace the original 64 GB model at the same 300 USD price.

Facebook has announced that it is working with developers to trial showing ads within Oculus Quest games. The adverts will initially appear in Blaston a paid bullet-hell game developed by Resolution Games with more games to be added in the coming weeks. Facebook will seek user feedback from the trial and may expand the program in an attempt to make the Oculus platform financially sustainable. This latest move comes after Facebook started testing ads in the Oculus mobile app last month to give developers a "new way to showcase their VR applications". Facebook has confirmed that the Oculus privacy and advertising policies will remain the same and that user movement will not be used to show targeted ads.

Ming-Chi Kuo a renowned Apple analyst has recently predicted that we will see at least three new XR products from Facebook, Sony, and Apple in 2022. These predictions come from an analysis of recent lens orders from Taiwanese manufacturer Yujingguang by the three companies. Yujingguang is expected to supply the lenses used in the upcoming Oculus Quest 3, and PlayStation VR 2 along with being a "key-supplier" for Apple's headset. These new lenses will offer an increased field of view and improved image clarity over existing options. The company expects to supply 50% of the demand for Oculus Quest 3 equal to 22 million units while their exact supply for the devices from Sony and Apple is unknown.

When Oculus launched the Oculus Quest 2 at a record low price of just 299 USD for the base 64 GB model and 399 USD for the 256 GB model many people suspected Oculus was losing money on the device and was subsiding the loss with the introduction of mandatory Facebook account linking. These suspicions seem to have been confirmed with the launch of the Oculus Quest 2 business version for 799 USD which features identical hardware specifications to the consumer 256 GB version available for 399 USD. This 400 USD premium allows the device to be managed via enterprise software instead of with a linked Facebook account and will stop Oculus from sending your data to Facebook. The Quest 2 business version must be purchased from Oculus Business and also requires a yearly subscription of 180 USD after the first year for added business services and support.

Thanks to their flexible pricing schemes and diverse service offerings, CSPs have been a direct, major driver of enterprise demand for cloud services, according to TrendForce's latest investigations. As such, the rise of CSPs have in turn brought about a gradual shift in the prevailing business model of server supply chains from sales of traditional branded servers (that is, server OEMs) to ODM Direct sales instead. Incidentally, the global public cloud market operates as an oligopoly dominated by North American companies including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Platform (GCP), which collectively possess an above-50% share in this market. More specifically, GCP and AWS are the most aggressive in their data center build-outs. Each of these two companies is expected to increase its server procurement by 25-30% YoY this year, followed closely by Azure.

Today we're announcing features that will begin rolling out soon in the v28 software update to Oculus Quest headsets. Oculus Air Link is a wireless way to play PC VR games on Quest 2, while new Infinite Office features make getting work done in VR even easier. We're also announcing native 120 Hz support for Quest 2 for an ultra-smooth gameplay experience.

Since launching in 2019 and exiting beta last year, Oculus Link has been a widely used feature across the Quest Platform. With a gaming PC and a compatible USB-C cable, Link has given people access to Rift's impressive content library, including games like Asgard's Wrath, Lone Echo, Stormland, and more. But of course, being tethered to your PC can break immersion and limit your mobility. We know gamers want to use Link without a wire—to experience the full freedom of movement offered by Quest 2 while playing the high-end titles that can only run on a gaming PC. That's why we've been working on a new streaming technology called Oculus Air Link—a completely wireless way to play PC VR content on Quest 2 using WiFi, built on the successful Oculus Link streaming pipeline.

Facebook Reality Labs Vice President Andrew Bosworth has recently confirmed in a Q&A session that the Oculus Quest 2 is likely to receive 120 Hz refresh rate support via an upcoming software update. The original Oculus Quest shipped with a 72 Hz refresh rate and when the Quest 2 was released with a better screen this refresh rate was kept for compatibility reasons. Facebook has now made 90 Hz the default refresh rate on the Quest 2 after a period of testing and it seems that this could soon be increased to 120 Hz with the main concerns remaining being performance and battery life. Developers would have the option to target 72, 90, or 120 Hz for their games and applications to run at. The 120 Hz refresh rate would be most noticeable when playing desktop VR games via Oculus Link with a computer capable of high-fidelity VR.

Facebook has recently announced during their Q4 earnings call that the companies non-advertising revenue had risen to 885 million USD up 156% from 346 million USD in Q4 2019. This drastic increase in non-advertising revenue can be attributed to strong Oculus Quest 2 sales in the holiday quarter. The Oculus Quest 2 launched for 100 USD less than its predecessor while offering much more powerful hardware, however the headset does require a Facebook account to use. Facebook also confirmed that they are working on a successor to the Quest 2 which will be fully compatible with existing Quest titles.

Facebook CEO Mark Zuckerberg confirmed in the company's latest earnings call that their bet on the Oculus purchase and its latest iteration, the Oculus Quest 2, has been developing nicely. The CEO reported that sales of the Oculus Quest 2 hardware have increased fivefold in relation to the original Quest. This is great news for the democratization of VR as whole, and can become the empowerment of a virtuous cycle: more VR users means a higher install base for companies to develop experiences for, and a higher number of high-quality experiences will definitely call more users to the ecosystem. On that note, some VR developers announced that since the Oculus Quest 2 release, they've seen between 800% and 1000% increase in sales.

The Oculus Quest 2 is available for a very palatable $299 - at least considering the historic pricing on VR headsets with the specs and quality this headset affords. Of course, the mandatory Facebook integration may be a hurdle for some users; until Facebook changes their mind on this (which, rest assured, they won't), users who are particularly suspicious of the company's intentions will have to wait for a comparable headset that features no such integration. Another alternative is to resort to other ways - arguably under the "Right to Repair" act - to free themselves from it.

We've recently reported on how the Facebook account requirements that have been built-in into the latest Oculus Quest 2 could render your VR headset an expensive paperweight. The Oculus Quest 2 is one impressive piece of VR material, with the specs - and perhaps more importantly, pricing - to bring a high quality VR experience to the masses, democratizing what will someday - and without a doubt - the premier way in which we interface with the digital world. However, those same Facebook account requirements were standing in the way, for some privacy-conscious users, in actually buying or using the device. Now, jailbroken efforts have been met with success - researchers report that they've been able to strip an Oculus Quest 2 from its Facebook account requirement.

The effort, led by XRSI - a non-profit organization with the goal for promoting privacy and security in the XR space - has announced they have verified a jailbreak method for the Oculus Quest 2. This was done by achieving root access to the device. According to XRSI, there are a number of researchers and hobbyists alike working on these jailbreak procedures for the latest Oculus device, but they've been met with legal quandaries surrounding the Right to Repair (essentially, establishing the ownership of hardware and contained software by users once they acquire a technological device) and whether or not their efforts are covered under it. The efforts were somewhat bolstered by Mozilla WebXR developer Robert Long offering $5,000 to anyone capable of freeing the Quest 2 from Facebook services - an offer later matched by Palmer Luckey, Oculus' departed founder. XSRI is working hard to insert AR/VR headsets into the Right to Repair provision.

Facebook has recently announced that their gaming platform has launched several cloud-streamed games playable in the Android Facebook app and through the web browser on PC. The service has been in a limited beta for some time with over 200,000 people trying it in limited regions. Facebook makes it clear that the new offering is not intended to compete with more enthusiast options and will instead focus on low-power games on mobile and web. Facebook intends to target the 380 million people who play games through Facebook every month with native integration of cloud games alongside HTML5 games.

The service is launching with several latency-tolerant games including Asphalt 9: Legends, Mobile Legends: Adventure, PGA TOUR Golf Shootout, Solitaire: Arthur's Tale, and WWE SuperCard. Facebook won't be launching cloud games on iOS due to the uncertainty around the feature with Apple's current policies and the issues Microsoft has encountered trying to bring xCloud to Apple devices. Facebook Gaming cloud games are now available to try for customers across select US regions on the Facebook app for Android and on the web.

Last week we brought you a report on how you could end up with a paperweight of an Oculus Quest 2 VR HMD if your Facebook account linked to the headset is banned. There's another aspect to this mess—voluntary account deletion. What if you decided you no longer need your Facebook account, and for whatever reason (read: privacy), decided to delete your account"? Turns out, that all the Oculus games that you own, will be gone forever, according to CixLiv on Twitter, who took the time to actually read the ToS. Deleting your Facebook account, which is a step beyond deactivating it, is a permanent erasure of your data on Facebook, which means that your Oculus profile gets deleted alongside, along with your digital rights to all the games that you purchased.

We've all been there - we've all looked longingly at someone elses' flashy paperweight - an Escher puzzle, a coffee mug, a smartphone, a badly flashed GPU or even a face mask are all worthy contenders vying for our attention. Facebook, however, has been turning the paperweight game on its head, and in the real world too - some users who bought the most recent Quest 2 headset (which is apparently selling pretty well) are being given the opportunity to adorn their desks with this high-tech, low-key paperweight due to its Facebook-required integration. Essentially, users who have their Facebook accounts banned (or, more specifically, with pending verification) have been met with difficulties in actually using their Quest 2 (which, by all accounts, is a huge step forward for the VR space).

In a recent interview with Chris Pruett, Facebook's Director of Content Ecosystem at Oculus it was revealed that the Oculus Quest 2 launch had been a huge success exceeding the companies expectations. Chris Pruett commented that the Oculus team "really couldn't be happier" with the launch and noted the headset was selling "faster than Quest did" and "maybe a little bit beyond what we expected". VR developers have been echoing these comments with Rec Room noting a 250% larger launch over the original Quest and a 10x increase in sales.

The data from Rec Room also shows that the majority of Oculus Quest 2 purchases are from people trying VR for the first time which is great news for the VR industry in general. Facebook has been able to keep up with the demand for the new headset which has evidently proven to be a great success even with controversy surrounding the Facebook account requirements.

Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, is powering better-than-ever virtual reality (VR) gameplay and experiences with the launch of Oculus Quest 2, the first-to-launch VR device powered by the Qualcomm Snapdragon XR2 Platform. Oculus Quest 2 is a culmination of years of collaboration between Qualcomm Technologies and Facebook to create the most advanced and immersive gaming VR experiences for consumers to-date.

Purpose-built for extended reality (XR), the Snapdragon XR2 Platform unlocks staggering improvements including twice the CPU and GPU performance compared to its predecessor which powers the original Oculus Quest headset. The Snapdragon XR2 Platform delivers significant performance enhancements in Oculus Quest 2 including: