📡 The Business Times Tech🟢
CONSUMER AI
⚡ 23s read
06 Jun 2026
Meta plans AI pendant, 'wearables for work' in hardware boost, The Information reports
Meta is developing an AI pendant and expanding into business-focused wearables, aiming to sell 10 million devi...
⚡ Meta is developing an AI pendant and expanding into business-focused wearables, aiming to sell 10 million devices in the second half of 2026.
Meta is developing an AI pendant and expanding into business-focused wearables, aiming to sell 10 million devices in the second half of 2026. The push comes as its Reality Labs hardware division lost $4 billion in the first quarter on just $402 million revenue. The company also acquired AI-wearables startup Limitless and plans to launch the new products alongside existing Ray-Ban and Oakley smart glasses partnerships.
📡 The Business Times Tech🟢
BUSINESS
⚡ 22s read
06 Jun 2026
MiniMax plans China IPO as it eyes local rivals like DeepSeek
China's MiniMax, an AI company that generates text, images, audio, and video using large language models,...
⚡ China's MiniMax, an AI company that generates text, images, audio, and video using large language models, is preparing for a domestic stock listing to fund its fight against rivals like DeepSeek.
China's MiniMax, an AI company that generates text, images, audio, and video using large language models, is preparing for a domestic stock listing to fund its fight against rivals like DeepSeek. The Shanghai-based firm, which listed in Hong Kong in January, now claims over $300 million in annual recurring revenue and over one million business users—but remains unprofitable due to heavy spending on AI development.