News

Everything Announced At Meta’s Connect 2023 Event

Including the Meta Quest 3, Ray-Ban smart glasses, and Meta AI updates.

Published

10 months ago

September 28, 2023

everything announced at meta's connect 2023 event

The Meta Connect 2023 keynote event saw the company share news about its latest products and technologies. CEO Mark Zuckerberg revealed updates to Meta’s AI, a new pair of smart glasses in collaboration with Ray-Ban were previewed, and the company’s flagship Quest 3 headset was given a release date.

Meta Quest 3 Release Date

The Meta Quest 3 blends augmented reality into the wearer’s physical surroundings. The headset runs on Qualcomm’s Snapdragon XR2 Gen 2 chip to double the performance of its predecessor and offer higher resolution and increased depth of field.

Meta has revamped the Quest’s controllers by ditching the tracking rings and adding haptic feedback, while interpupillary adjustment helps glasses wearers get more comfortable.

Along with upcoming native VR games, the Quest 3 will support Xbox Cloud Gaming this December. In addition, Microsoft 365 apps will be compatible by the end of the year, and users will soon be able to access Windows on the headset.

Meta Quest 3 pre-orders are open now, starting at $500 for the 128GB version. The headsets will be shipped by October 10.

Ray-Ban Meta Smart Glasses

Meta has teamed up with Ray-Ban to develop a new pair of smart glasses that offer much-improved specs (no pun intended) over the original Ray-Ban Stories. A 12MP wide-angle camera can record 1080p video at 60fps, while the glasses also include 32GB of storage, five spatial audio mics and upgraded speakers.

Pre-orders for the $299 Ray-Ban Meta smart glasses open today, shipping on October 17.

Meta AI Updates

Meta now offers a range of AI chatbot personalities and a new generative AI assistant, available on WhatsApp, Messenger, Instagram and other new hardware.

Meanwhile, generative AI image editing is coming to Instagram, along with a green screen similar to the one already unveiled by YouTube. In addition, AI-generated stickers are being rolled out across Instagram, WhatsApp, Messenger and Facebook Stories.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.