Facebook owner Meta prepared on Wednesday to kick off its annual Connect conference at its California headquarters, where it is expected to preview its first augmented reality glasses and announce updates to its existing virtual reality and artificial intelligence products.
CEO Mark Zuckerberg's keynote starts at 1 p.m. ET Wednesday.
Meta Platforms will not immediately join the European Union's AI Pact, a company spokesperson said on Tuesday.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) will hold its Connect Conference on September 25 to 26, where the tech giant is expected to showcase its augmented reality (AR) and artificial intelligence (AI) offerings. Bank of America analysts expect Meta to unveil a prototype of its next-generation AR glasses that feature holographic capabilities, with a potential broader release next year.
Meta stock analysts will be watching for both AI and metaverse updates from Mark Zuckerberg during Meta's Connect conference.
Ahead of November's election, Meta has de-emphasized political content on Facebook, Instagram and Threads and doesn't want to talk about candidates or campaigns.
CNBC's Andrew Ross Sorkin reports on the latest news.
Video-taking capabilities, not AI, have proven to be a key attraction to buyers as the market expects Meta to unveil latest tech-enabled glasses Wednesday.
Meta Platforms (META) closed the most recent trading day at $564.41, moving +0.55% from the previous trading session.
Facebook owner Meta Platforms is planning to announce this week that it has secured deals with actors including Judi Dench, Kristen Bell and John Cena to give voice to its Meta AI chatbot, a source familiar with the company's plans told Reuters on Monday.
Meta's (META) annual "Connect" conference kicks off Wednesday, with CEO Mark Zuckerberg set to give a keynote address at 1 p.m. ET that's expected to focus on developments in Meta's artificial intelligence (AI) and virtual reality (VR) products.
When Facebook parent company Meta Platforms META hosts its annual developer conference this week, analysts expect the focus to be on augmented reality.