Apple’s Vision Pro headset ushers in a new era of personal technology

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Apple fans have eagerly awaited February 2nd to get their fingers on the tech giant’s most recent gadget, a new augmented-fact headset referred to as the Vision Professional. Some early reviewers complained that it induced headaches and had a two-hour battery lifestyle. Several opportunity purchasers will be put off by the rate tag of $3,499. Even now, most likely 200,000 have been pre-ordered, about 40% of what Apple had reportedly expected to promote this 12 months. Tim Prepare dinner, Apple’s manager, has described striving the Eyesight Pro as an “aha moment”. “You only have a several of people in your lifetime,” he extra.

Aha or not, the Eyesight Professional is part of a craze. In September techies got excited about a new pair of intelligent eyeglasses made by Meta, Facebook’s father or mother firm, and Ray-Ban, an eyewear model. The spectacles are managed by voice and can play songs, send texts and film every thing you see. Two months afterwards Humane, a startup founded by former Apple executives, launched the Pin, a brooch with which buyers interact by conversing and gesticulating. In January the r1, a voice-controlled gizmo 50 % the dimensions of a smartphone, enthralled attendees at the Shopper Electronics Demonstrate in Las Vegas. Its maker, a startup known as Rabbit, has bought virtually 100,000.

What all these units have in widespread is that they typically do away with screens, keyboards and mice. Thanks to “generative” artificial intelligence (AI), computers are obtaining superior at listening to, reading and viewing stuff—and understanding it. That usually means components can be controlled by voice, gesture or graphic relatively than touch. AI is consequently enabling new “form

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Lotus Technology to Go Public through Business Combination with L Catterton Asia Acquisition Corp, Accelerating Lotus’s Vision to Deliver All-Electric, Sustainable Luxury Vehicles Globally

  • Lotus Tech is a pioneering luxury electric vehicle maker that operates under the iconic British brand, Lotus. L Catterton Asia Acquisition Corp is a special purpose acquisition company listed on the Nasdaq (NASDAQ: LCAA) that is affiliated with L Catterton, a leading global consumer-focused investment firm.
  • The Business Combination transaction between Lotus Tech and LCAA values the Combined Company at a pro forma enterprise value of approximately US$5.4 billion, taking into account up to approximately US$288 million of cash from LCAA’s trust account (assuming none of LCAA’s public shareholders elect to redeem their shares).
  • All existing Lotus Tech equity holders, including Geely Holding, Etika, NIO Capital, etc. are expected to retain their interests in Lotus Tech and own a total of approximately 89.7% of the issued and outstanding equity of the Combined Company immediately following the closing of the Business Combination (assuming none of LCAA’s public shareholders elect to redeem their shares, among other assumptions), underscoring their continued confidence in Lotus Tech’s growth strategy and outlook.
  • Lotus Tech’s current leadership team led by CEO Qingfeng Feng will continue to lead the Combined Company, contributing their extensive experience in the global automobile industry.
  • Lotus Tech’s first fully electric hyper SUV, Eletre, is expected to begin delivery in China in the first quarter of this year, and in the UK and EU later this year. Planning is underway for future delivery of Eletre to the U.S. and rest of the world, leveraging the Lotus brand’s global network across core regions.
  • Proceeds from the Business Combination are expected to be used for further product innovation, next-generation automobility technology development, global distribution network expansion and general corporate purposes.

NEW YORK and SINGAPORE, Jan. 31, 2023 /PRNewswire/ — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading

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