Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

Meta and LG’s headset partnership is on the rocks

LG’s CEO William Cho and Home Entertainment Company president Park Hyoung-sei and Meta CEO Mark Zuckerberg taking a group picture in a garden.
LG CEO William Cho and home entertainment company president Park Hyoung-sei met with Meta CEO Mark Zuckerberg in February to discuss the collaboration. | Image: LG

LG is reportedly pausing its partnership with Meta to develop an extended reality (XR) device that would take on Apple’s Vision Pro headset, just three months after announcing the joint venture.

While multiple Korean news outlets are reporting that the Meta partnership has broken down entirely due to a lack of “synergy” between the companies, LG has denied terminating the deal. “LG Electronics continues the XR partnership with Meta forged in February but is controlling its pace,” LG said in a statement to Korea JoongAng Daily.

Products from the collaboration, set to combine Meta’s Horizon Worlds mixed reality platform with content and service capabilities from LG’s TV business, were expected to hit the market next year. The potential…

Continue reading…

You May Also Like

Editor's Pick

On this video from StockCharts TV, Julius assesses the quality of the breakout in the S&P 500, using sector rotation on Relative Rotation Graphs,...

Editor's Pick

It was a truncated day for the markets; over the past four trading sessions, the Indian equities continued to edge higher and ended on...

Editor's Pick

“Caius Gracchus” Babeuf came to Paris in 1790 and imbibed the revolutionary atmosphere. Five years later, he founded the secret Conspiracy of the Equals.

Tech News

Image: FromSoftware Playing Erdtree was a lesson in humility I needed. Continue reading…

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.