May 6, 2022

Meta reportedly planning to release 4 new VR headsets by 2024

According to a report from The Information, Meta’s internal roadmap has four VR headsets scheduled for release in the next three years. The two Meta Quest headsets will be for gaming, while the other two, including Project Cambria which was revealed by CEO Mark Zuckerberg last week, will be for work purposes.

According to its sources, The Information says that Meta plans to release Project Cambria, which is a higher-end device than its current Quest hardware and known internally by the name Arcata, in September, followed by an updated version, currently codenamed Funston, in 2024. In the last earnings call, Zuckerberg said that the focus for Cambria was “eventually replacing your laptop or work setup.”

As for the other two VR headsets, The Information reports that upcoming versions of the Quest headset are codenamed Stinson and Cardiff, with release dates currently projected for 2023 and 2024.
SourceThe Information

2. Apple, Google and Microsoft to extend support for passwordless sign-ins

In a joint effort, tech giants Apple, Google and Microsoft announced Thursday morning that they have committed to building support for passwordless sign-in across all of the mobile, desktop, and browser platforms that they control in the coming year.

The new standard, which was created by FIDO and the World Wide Web Consortium, aims to allow apps and websites to offer a unified and secure login option across different devices and platforms. As the alliance pointed out, authentication that relies solely on passwords is more susceptible to security breaches, as many people have easy passwords or reuse them across services.

By replacing regular passwords, the new FIDO standard makes users less susceptible to phishing attacks, since authentication relies on biometrics stored on the user’s device rather than a shareable password. It also eliminates the need for authentication codes sent via SMS, which can be spoofed by hackers.

So far, Apple, Google and Microsoft have all said that they expect the new sign-in capabilities to become available across platforms in the next year, although a more specific roadmap has not been announced. While the plot to kill the password has been underway for years, there are signs that, this time, it may have finally succeeded.
Source: FIDO Alliance

3. Musk may serve as temporary Twitter CEO

Elon Musk is expected to take over as the temporary CEO of Twitter once his $44 billion deal to acquire the social media platform is complete, CNBC’s David Faber reported on Thursday this week.

With Musk’s commitments to Tesla and SpaceX, where he’s also CEO, there had been speculation from big tech observers that he would have to hand off the top role at Twitter. Musk hasn’t publicly said what will happen to the company’s C-suite once the deal is complete, and current Twitter CEO Parag Agrawal, who’s been in the role for just five months, has remained vague about his prospects of remaining on the job.

When Elon Musk became CEO of Tesla in 2009, it was only supposed to be for a few months until they found a replacement. 13 years later, he is still the CEO of Tesla.

A new SEC filing also revealed that Musk is bringing in other investors, totaling $7.14 billion in equity financing, for the Twitter acquisition. Oracle co-founder Larry Ellison, who also sits on Tesla’s board, is investing $1 billion. The group of nearly two dozen investors includes Sequoia Capital, Andreessen Horowitz, crypto exchange Binance and asset management firm Fidelity. The filing also showed that Saudi Arabian investor Prince Alwaleed bin Talal, who had initially opposed the buyout, also agreed to roll his $1.89 billion stake into the deal rather than cashing out.