Meta Quest 3, Apple Vision Pro Highlight Divergent Strategies for Immersive Technology Revolution

GlobalData expects Meta and Apple to continue pushing the boundaries of VR and AR technologies. With technological advancement and growing consumer acceptance, more revolutionary features and enhanced user interactions are likely to emerge. With the maturation of this technology, the development of advanced applications in industries such as retail, healthcare, education, and security is projected.

Fear of AI and GenAI Behind Eurpean Union Record $1.3 Billion Meta Fine

The European Union (EU) recently handed Meta, the owner of the Facebook social media platform, the largest data privacy fine on record, a EUR 1.2 billion ($1.29 billion) penalty for failing to properly safeguard European Facebook users’ data stored and processed in US data centers. The EU penalty is driven by concerns over artificial intelligence (AI) and Generative AI (GenAI), according to research conducted by GlobalData.