Apple working on a cheaper Vision Pro

Happy Friday,

Coughing up about $3.5K for Apple’s Vision Pro headset has been a hard pill to swallow, but we might see a reasonably priced headset next year.
Let’s get into the hype..

Today’s News 👇️

• Underwater AI drones helping US Navy scan for threats.

• OCBC launches a new tool that uses AI to pick stocks.

• Nvidia is the worlds most valuable company, surpassing Microsoft.

• Sexbots powered by AI are about to hit the shelves in China.

• ByteDance to spend $2.1B to develop an AI hub in Malaysia.

• Genspark is the latest AI powered search engine.

• Netflix House an experiential, themed, concept venue opens 2025.

• Walmart are adding digital price tags to cater for price surges.

🗞️ AI Feature

Apple focussing on a cheaper Vision Pro.

Overview: Apple may have halted development on a new high-end Vision headset due to slowing sales of the Vision Pro. Instead, the company is focusing on reducing the cost of components for the current model and working on a more affordable Vision headset, potentially launching by the end of 2025.

Key Points:

1. The first Vision Pro is a high-quality and heavy VR headset, priced starting at $3,499 USD.

2. Apple is developing a cheaper Vision headset, codenamed N109, at least one-third lighter.

3. The target price for the new headset is between $1,500 and $2,500.

Why you should care: Apple's shift in focus to a more affordable VR headset could make advanced VR technology more accessible to a larger audience. 

^{Source: TheVerge}

🔒️ AI Safety

OpenAI co-founder Ilya Sutskever announces his new AI startup, Safe Superintelligence.

Overview: Ilya Sutskever, a co-founder of OpenAI, has started a new company, Safe Superintelligence Inc. (SSI), shortly after leaving OpenAI. SSI, founded with former Y Combinator partner Daniel Gross and ex-OpenAI engineer Daniel Levy, aims to advance AI safety and capabilities.

Key Points:

1. Sutskever, formerly OpenAI's chief scientist, played a key role in AI safety research and the development of "superintelligent" AI systems.

2. Sutskever and Jan Leike left OpenAI in May after disagreements with leadership over AI safety approaches.

3. SSI aims to advance AI capabilities while ensuring safety remains a priority, avoiding distractions from management or product cycles.

4. Unlike OpenAI's nonprofit beginnings, SSI is designed as a for-profit entity, likely to attract significant capital given the team's credentials.

What should you know: Sutskever's new venture, SSI, underscores the ongoing focus on AI safety as AI systems become increasingly powerful. SSI's dedicated approach to balancing rapid AI advancements with rigorous safety measures could lead to significant breakthroughs in ensuring the responsible development of AI technology. The formation of SSI highlights the importance of aligning business models with long-term safety goals, potentially setting a new standard for the AI industry.

^{Source: TheVerge}

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