Magic Leap One is officially coming in 2018. The company had been mum on details around its mixed reality headset until this week. Dana Wollman, Executive Editor at Engadget, joins to discuss how the headset could put us into the future, if all the features it promises actually come to fruition.
The futuristic headset promises to allow our brain to naturally process digital objects the same way we do real-world objects. Its sensor suite also detects surfaces, planes, and objects, allowing for digital reconstruction of your physical surroundings.
Wollman says the cost could reach four digits. Right now, the company isn't even accepting preorders, but it plans to ship the headset in 2018. As far as who its marketing to, Wollman says Magic Leap would be more successful in targeting enterprises over the average person at first. It could find a home in people's livings rooms, but it will be a while until people start to adopt.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
