Apple Unveils a $3,500 Headset as it Wades into the World of Virtual Reality 

Members of the media inspect the new Apple Vision Pro headset during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. (Getty Images/AFP)
Members of the media inspect the new Apple Vision Pro headset during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. (Getty Images/AFP)
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Apple Unveils a $3,500 Headset as it Wades into the World of Virtual Reality 

Members of the media inspect the new Apple Vision Pro headset during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. (Getty Images/AFP)
Members of the media inspect the new Apple Vision Pro headset during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. (Getty Images/AFP)

Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularize new-fangled devices after others failed to capture the public's imagination.

After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles — dubbed "Vision Pro" — at the company's annual developers conference held on a park-like campus in Cupertino, California, that Apple's late co-founder Steve Jobs helped design. The device will be capable of toggling between virtual reality, or VR, and augmented reality, or AR, which projects digital imagery while users still see can see objects in the real world.

“This marks the beginning of a journey that will bring a new dimension to powerful personal technology," Cook told the crowd.

Although Apple executives provided an extensive preview of the headset's capabilities during the final half hour of Monday's event, consumers will have to wait before they can get their hands on the device and prepare to pay a hefty price to boot. Vision Pro will sell for $3,500 once it's released in stores early next year.

“It's an impressive piece of technology, but it was almost like a tease,” said Gartner analyst Tuong Nguyen. “It looked like the beginning of a very long journey."

Instead of merely positioning the goggles as another vehicle for exploring virtual worlds or watching more immersive entertainment, Apple framed the Vision Pro as the equivalent of owning a ultrahigh-definition TV, surround-sound system, high-end camera, and state-of-the art camera bundled into a single piece of hardware.

“We believe it is a stretch, even for Apple, to assume consumers would pay a similar amount for an AR/VR headset as they would for a combination of those products,” D.A. Davison Tom Forte wrote in a Monday research note.

Despite such skepticism, the headset could become another milestone in Apple’s lore of releasing game-changing technology, even though the company hasn’t always been the first to try its hand at making a particular device.

Apple's lineage of breakthroughs dates back to a bow-tied Jobs peddling the first Mac in 1984 —a tradition that continued with the iPod in 2001, the iPhone in 2007, the iPad in 2010, the Apple Watch in 2014 and its AirPods in 2016.

The company emphasized that it drew upon its past decades of product design during the years it spent working on the Vision Pro, which Apple said involved more than 5,000 different patents.

The headset will be equipped with 12 cameras, six microphones and a variety of sensors that will allow users to control it and various apps with just their eyes and hand gestures. Apple said the experience won't cause the recurring nausea and headaches that similar devices have in the past. The company also developed a technology to create a three-dimensional digital version of each user to display during video conferencing.

Although Vision Pro won't require physical controllers that can be clunky to use, the goggles will have to either be plugged into a power outlet or a portable battery tethered to the headset — a factor that could make it less attractive for some users.

“They’ve worked hard to make this headset as integrated into the real world as current technology allows, but it’s still a headset,” said Insider Intelligence analyst Yory Wurmser, who nevertheless described the unveiling as a “fairly mind-blowing presentation.”

Even so, analysts are not expecting the Vision Pro to be a big hit right away. That's largely because of the hefty price, but also because most people still can't see a compelling reason to wear something wrapped around their face for an extended period of time.

If the Vision Pro turns out to be a niche product, it would leave Apple in the same bind as other major tech companies and startups that have tried selling headsets or glasses equipped with technology that either thrusts people into artificial worlds or projects digital images onto scenery and things that are actually in front of them — a format known as “augmented reality.”

Facebook founder Mark Zuckerberg has been describing these alternate three-dimensional realities as the “metaverse.” It's a geeky concept that he tried to push into the mainstream by changing the name of his social networking company to Meta Platforms in 2021 and then pouring billions of dollars into improving the virtual technology.

But the metaverse largely remains a digital ghost town, although Meta's virtual reality headset, the Quest, remains the top-selling device in a category that so far has mostly appealed to video game players looking for even more immersive experiences. Cook and other Apple executives avoided referring to the metaverse in their presentations, describing the Vision Pro as the company's first leap into “spatial computing” instead.

The response to virtual, augmented and mixed reality has been decidedly ho-hum so far. Some of the gadgets deploying the technology have even been derisively mocked, with the most notable example being Google's internet-connected glasses released more than a decade ago.

Microsoft also has had limited success with HoloLens, a mixed-reality headset released in 2016, although the software maker earlier this year insisted it remains committed to the technology.

Magic Leap, a startup that stirred excitement with previews of a mixed-reality technology that could conjure the spectacle of a whale breaching through a gymnasium floor, had so much trouble marketing its first headset to consumers in 2018 that it has since shifted its focus to industrial, health care and emergency uses.

Wedbush Securities analyst Dan Ives estimated Apple will sell just 150,000 of the headsets during its first year on the market before escalating to 1 million headsets sold during the second year — a volume that would make the goggles a mere speck in the company's portfolio.

By comparison, Apple sells more than 200 million of its marquee iPhones a year. But the iPhone wasn't an immediate sensation, with sales of fewer than 12 million units in its first full year on the market.



India Eyes $200B in Data Center Investments as It Ramps Up Its AI Hub Ambitions

FILE -Google CEO Sundar Pichai, right, interacts with India's Minister for Information and Technology Ashwini Vaishnaw during Google for India 2022 event in New Delhi, Dec. 19, 2022. (AP Photo/Manish Swarup), File)
FILE -Google CEO Sundar Pichai, right, interacts with India's Minister for Information and Technology Ashwini Vaishnaw during Google for India 2022 event in New Delhi, Dec. 19, 2022. (AP Photo/Manish Swarup), File)
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India Eyes $200B in Data Center Investments as It Ramps Up Its AI Hub Ambitions

FILE -Google CEO Sundar Pichai, right, interacts with India's Minister for Information and Technology Ashwini Vaishnaw during Google for India 2022 event in New Delhi, Dec. 19, 2022. (AP Photo/Manish Swarup), File)
FILE -Google CEO Sundar Pichai, right, interacts with India's Minister for Information and Technology Ashwini Vaishnaw during Google for India 2022 event in New Delhi, Dec. 19, 2022. (AP Photo/Manish Swarup), File)

India is hoping to garner as much as $200 billion in investments for data centers over the next few years as it scales up its ambitions to become a hub for artificial intelligence, the country’s minister for electronics and information technology said Tuesday.

The investments underscore the reliance of tech titans on India as a key technology and talent base in the global race for AI dominance. For New Delhi, they bring in high-value infrastructure and foreign capital at a scale that can accelerate its digital transformation ambitions.

The push comes as governments worldwide race to harness AI's economic potential while grappling with job disruption, regulation and the growing concentration of computing power in a few rich countries and companies.

“Today, India is being seen as a trusted AI partner to the Global South nations seeking open, affordable and development-focused solutions,” Ashwini Vaishnaw told The Associated Press in an email interview, as New Delhi hosts a major AI Impact Summit this week drawing participation from at least 20 global leaders and a who’s who of the tech industry.

In October, Google announced a $15 billion investment plan in India over the next five years to establish its first artificial intelligence hub in the South Asian country. Microsoft followed two months later with its biggest-ever Asia investment announcement of $17.5 billion to advance India’s cloud and artificial intelligence infrastructure over the next four years.

Amazon too has committed $35 billion investment in India by 2030 to expand its business, specifically targeting AI-driven digitization. The cumulative investments are part of $200 billion in investments that are in the pipeline and New Delhi hopes would flow in.

Vaishnaw said India’s pitch is that artificial intelligence must deliver measurable impacts at scale rather than remain an elite technology.

“A trusted AI ecosystem will attract investment and accelerate adoption,” he said, adding that a central pillar of India’s strategy to capitalize on the use of AI is building infrastructure.

The government recently announced a long-term tax holiday for data centers as it hopes to provide policy certainty and attract global capital.

Vaishnaw said the government has already operationalized a shared computing facility with more than 38,000 graphics processing units, or GPUs, allowing startups, researchers and public institutions to access high-end computing without heavy upfront costs.

“AI must not become exclusive. It must remain widely accessible,” he said.

Alongside the infrastructure drive, India is backing the development of sovereign foundational AI models trained on Indian languages and local contexts. Some of these models meet global benchmarks and in certain tasks rival widely used large language models, Vaishnaw said.

India is also seeking a larger role in shaping how AI is built and deployed globally as the country doesn’t see itself strictly as a “rule maker or rule taker,” according to Vaishnaw, but an active participant in setting practical, workable norms while expanding its AI services footprint worldwide.

“India will become a major provider of AI services in the near future,” he said, describing a strategy that is “self-reliant yet globally integrated” across applications, models, chips, infrastructure and energy.

Investor confidence is another focus area for New Delhi as global tech funding becomes more cautious.

Vaishnaw said the technology’s push is backed by execution, pointing to the Indian government's AI Mission program which emphasizes sector specific solutions through public-private partnerships.

The government is also betting on reskilling its workforce as global concerns grow that AI could disrupt white collar and technology jobs. New Delhi is scaling AI education across universities, skilling programs and online platforms to build a large AI-ready talent pool, the minister said.

Widespread 5G connectivity across the country and a young, tech-savvy population are expected to help with the adoption of AI at a faster pace, he added.

Balancing innovation with safeguards remains a challenge though, as AI expands into sensitive sectors such as governance, health care and finance.

Vaishnaw outlined a fourfold strategy that includes implementable global frameworks, trusted AI infrastructure, regulation of harmful misinformation and stronger human and technical capacity to hedge the impact.

“The future of AI should be inclusive, distributed and development-focused,” he said.


Report: SpaceX Competing to Produce Autonomous Drone Tech for Pentagon 

The SpaceX logo is seen in this illustration taken, March 10, 2025. (Reuters)
The SpaceX logo is seen in this illustration taken, March 10, 2025. (Reuters)
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Report: SpaceX Competing to Produce Autonomous Drone Tech for Pentagon 

The SpaceX logo is seen in this illustration taken, March 10, 2025. (Reuters)
The SpaceX logo is seen in this illustration taken, March 10, 2025. (Reuters)

Elon Musk's SpaceX and its wholly-owned subsidiary xAI are competing in a secret new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, Bloomberg News reported on Monday, citing people familiar with the matter.

SpaceX, xAI and the Pentagon's defense innovation unit did not immediately respond to requests for comment. Reuters could not independently verify the report.

Texas-based SpaceX recently acquired xAI in a deal that combined Musk's major space and defense contractor with the billionaire entrepreneur's artificial intelligence startup. It occurred ahead of SpaceX's planned initial public offering this year.

Musk's companies are reportedly among a select few chosen to participate in the $100 million prize challenge initiated in January, according to the Bloomberg report.

The six-month competition aims to produce advanced swarming technology that can translate voice commands into digital instructions and run multiple drones, the report said.

Musk was among a group of AI and robotics researchers who wrote an open letter in 2015 that advocated a global ban on “offensive autonomous weapons,” arguing against making “new tools for killing people.”

The US also has been seeking safe and cost-effective ways to neutralize drones, particularly around airports and large sporting events - a concern that has become more urgent ahead of the FIFA World Cup and America250 anniversary celebrations this summer.

The US military, along with its allies, is now racing to deploy the so-called “loyal wingman” drones, an AI-powered aircraft designed to integrate with manned aircraft and anti-drone systems to neutralize enemy drones.

In June 2025, US President Donald Trump issued the Executive Order (EO) “Unleashing American Drone Dominance” which accelerated the development and commercialization of drone and AI technologies.


SVC Develops AI Intelligence Platform to Strengthen Private Capital Ecosystem

The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights- SPA
The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights- SPA
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SVC Develops AI Intelligence Platform to Strengthen Private Capital Ecosystem

The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights- SPA
The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights- SPA

Saudi Venture Capital Company (SVC) announced the launch of its proprietary intelligence platform, Aian, developed in-house using Saudi national expertise to enhance its institutional role in developing the Kingdom’s private capital ecosystem and supporting its mandate as a market maker guided by data-driven growth principles.

According to a press release issued by the SVC today, Aian is a custom-built AI-powered market intelligence capability that transforms SVC’s accumulated institutional expertise and detailed private market data into structured, actionable insights on market dynamics, sector evolution, and capital formation. The platform converts institutional memory into compounding intelligence, enabling decisions that integrate both current market signals and long-term historical trends, SPA reported.

Deputy CEO and Chief Investment Officer Nora Alsarhan stated that as Saudi Arabia’s private capital market expands, clarity, transparency, and data integrity become as critical as capital itself. She noted that Aian represents a new layer of national market infrastructure, strengthening institutional confidence, enabling evidence-based decision-making, and supporting sustainable growth.

By transforming data into actionable intelligence, she said, the platform reinforces the Kingdom’s position as a leading regional private capital hub under Vision 2030.

She added that market making extends beyond capital deployment to shaping the conditions under which capital flows efficiently, emphasizing that the next phase of market development will be driven by intelligence and analytical insight alongside investment.

Through Aian, SVC is building the knowledge backbone of Saudi Arabia’s private capital ecosystem, enabling clearer visibility, greater precision in decision-making, and capital formation guided by insight rather than assumption.

Chief Strategy Officer Athary Almubarak said that in private capital markets, access to reliable insight increasingly represents the primary constraint, particularly in emerging and fast-scaling markets where disclosures vary and institutional knowledge is fragmented.

She explained that for development-focused investment institutions, inconsistent data presents a structural challenge that directly impacts capital allocation efficiency and the ability to crowd in private investment at scale.

She noted that SVC was established to address such market frictions and that, as a government-backed investor with an explicit market-making mandate, its role extends beyond financing to building the enabling environment in which private capital can grow sustainably.

By integrating SVC’s proprietary portfolio data with selected external market sources, Aian enables continuous consolidation and validation of market activity, producing a dynamic representation of capital deployment over time rather than relying solely on static reporting.

The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights, enabling SVC to identify priority market gaps, recalibrate capital allocation, design targeted ecosystem interventions, and anchor policy dialogue in evidence.

The release added that Aian also features predictive analytics capabilities that anticipate upcoming funding activity, including projected investment rounds and estimated ticket sizes. In addition, it incorporates institutional benchmarking tools that enable structured comparisons across peers, sectors, and interventions, supporting more precise, data-driven ecosystem development.