Hello! CES officially begins today, and we’ve already seen some wild tech. Including transparent TV. (See below for details.)
In today’s big news, Apple’s next big thing.
What’s on deck:
market: of The economy is in its first “supercycle” In 40 years.
Technology: Karuta is in hot water Secretly use customer information.
work: Tiger Woods and Nike part ways After almost 30 years.
But first, could you try this headset?
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big story
Apple’s new reality
On the eve of the biggest technology conference, a company not officially in attendance announced the biggest news of the day.
Apple typically avoids making large public appearances at CES, but Vision Pro release date announceda mixed reality headset that hopes to eventually become the biggest product since the iPhone.
Vision Pro will be available for purchase online and in U.S. Apple Store retail stores starting February 2, as long as you’re willing to pay at least $3,499. Business Insider’s Sarah Jackson We have all the details about Apple’s upcoming big launches.
The release of Vision Pro has been a long time coming.we got See it for the first time in Junebut there are rumors that Apple will release a VR type product It was swirling for a while.
And the technology rival meta I was in space for several years.it seemed natural for Apple to enter the fray.
But Apple doesn’t release new products on a whim. The last time he launched a major product was over eight years ago. That’s why this release is important. There’s also a level of mystery surrounding the Vision Pro.
of Initial reviews of the headset were good, but it was all very cloak and dagger. Journalists who tested it in June were only able to do so in a private room and were not allowed to take photos or videos. It was only 30 minutes.
The launch of Vision Pro feels like a make-or-break moment for virtual reality.
The concept of creating virtual reality using some kind of goggles has been around for decades. Old-school gamers will remember Nintendo’s ill-fated Virtual Boy. It was one of the company’s biggest failures.
But nearly 30 years later, it feels like now is the perfect time for the technology to finally take hold. Add to this the fact that a significant portion of the workforce is partially working from home; There is a real usage example.
It feels like a cultural tipping point for technology, but also the fact that it’s the most valuable company in the world. Really I hope it works.
Apple, with a market capitalization approaching $3 trillion, hasn’t been hit hard. However, the company faces its fair share of headwinds, including: Apple Watch ban to Poor performance in China, one of our major markets,
Apple could win big, and Vision Pro could be just that. As BI’s Julie Bort previously wrote, headsets can be core. Create a multi-billion dollar entertainment market.
Three things in the market
A recession is still a possibility. Talk of a “soft landing” has increased recently, on the back of falling inflation and strong employment data. drive the conversation. But Deutsche Bank says these trends could signal a recession.
Even though the end of 2023 is in the red, the market is depressed. On Friday, the S&P 500 index suffered its first losing week in 10 weeks and bond prices suffered their biggest decline since October, strategists said. Investors may have gotten ahead of themselves in December.
The economy is on the brink of a new “supercycle.” The coming supercycle, a period of rapid expansion, will Supported by AI and decarbonizationsaid a Goldman Sachs analyst.
Three things about technology
False promises of the chip industry. America is spending $52 million to counter China’s dominance in semiconductor chips. However, due to economic conditions, construction stagnation, and delays in distributing government funds, The promised semiconductor employment boom has been put to rest..
Latest technology Flex, transparent TV. LG calls it “The world’s first wireless transparent OLED TV“The device can also be used as a digital aquarium, fireplace, or other piece of art, and the company says it can make a room feel larger and give owners more home décor options.”
Silicon Valley has strongly criticized Carta for misusing customer information. Carta handles sensitive information for over 30,000 startups. And now it’s coming under fire from companies like Linear. Secretly use customer information This is to promote the brokerage business.
3 things in business
Below Deck cast members claim they were underpaid, subjected to racist comments and brutally manipulated. Yet the show’s stars are only paid a fraction of what Real Housewives earn. Harsh work of 18 hours a day And it has received very high praise.
Tiger Woods ends his partnership with Nike. The professional golfer spent nearly 30 years as a Nike athlete.Woods’ most recent contract (signed in 2013) reportedly benefited him $200 million over 10 years.
Boeing’s CEO has a new nightmare. After years of struggle, 2024 was supposed to be the year. Things got better for Boeing.. But the Alaska Airlines crisis threatens to disrupt that.Additionally, United Airlines Found a loose bolt Boeing 737 Max 9 fleet.
In other news
Home prices are predicted to fall in these 34 cities.
A new study finds that some Gen Z job seekers bring their mothers and fathers to interviews, leading to employers turning them down..
In venture capital, layoffs, restructuring, and “quiet layoffs” indicate that investment in jobs is in full swing.Some VCs are now looking for a new start.
The best advice I received about work-life balance came from my 24-year-old boss.Here are 5 lessons I carry with me in any job.
How to Win Friends and Influence People: Edited by Sam Altman.
I graduated from college early to save money.it wasn’t worth it.
From grocery store slot machines to tarantula sightings, photos that show what life in Las Vegas is really like.
Bitcoin could soar 344% to $200,000 by the end of next year as ETF approval brings in huge inflows, Standard Chartered says.
Market veteran says the Fed will cut interest rates six times this year as the recession spreads across the U.S. and the job market worsens..
Elon Musk refutes WSJ’s bombshell report, saying, “No trace of drug use was found in three years of random inspections.”.
What happened today
Angela Bassett will receive the prestigious Oscar Award. The annual ceremony was postponed to November 2023 as the WGA and SAG-AFTRA strikes were still ongoing.
Happy birthday, Flo Milli! Toothy, Richard Nixon, Kate Middleton, Sean Paul, Jimmy Page, and Emily Marico were also born on this day.
Today’s earnings: Albertsons, WD-40, Neogen, and other companies.
for bookmarks
costco rotisserie chicken
How a chef turns Costco’s $5 chicken into a week’s worth of easy meals. They have quesadillas, burrito bowls, pasta, Other easy dishes.
Insider Today Team: Dan Defrancescoassociate editor and anchor, lives in New York City. Diamond Naga Siua senior reporter based in San Diego. haram blockeditor, lives in London. jordan parker erbeditor, lives in New York. haley hudsondirected at Edinburgh. lisa ryaneditor-in-chief, lives in New York.
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