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| Here's your Metaverse briefing for today: - 🇬🇧 A U.K. team used the Vision Pro in surgery to "eliminate human error."
- 🤖 LG has signed a $60M stock purchase agreement to acquire a stake in Bear Robotics Inc.
- 🌐 Tim Berners-Lee, the inventor of the WWW, predicts AI and VR will shape the future of the internet.
Thanks for tuning in! 🙌 Your insights are always welcome! 💬 Vildana
p/vildana-b | |
| 1 | | A U.K. team used the Vision Pro in surgery, marking an advancement in medical procedures by aiming to "eliminate human error." The device, utilized by a scrub nurse during spinal surgery, enhanced the operation's efficiency by providing real-time access to crucial information through AR. More: - The device was employed at the private Cromwell Hospital in London for spinal surgery.
- A scrub nurse equipped with Vision Pro could access vital surgery plans and information.
- The technology was developed by eXeX and had previously demonstrated its effectiveness in the U.S., making surgical teams' work "effortless."
- Apple has also highlighted Vision Pro's role in assisting surgeons with planning and visualizing operations, further extending its applications in healthcare.
Zoom Out: - Vision Pro was first used in surgery by U.S. neurosurgeon Dr. Robert Masson.
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| 2 | | Established in 2011, San Francisco-based Twitch has become a leading live-streaming platform where audiences enjoy watching gamers play various online games. 
What the numbers say: By February 2024, the most-watched Korean Twitch channel was Aine, boasting an average of 11,918 concurrent viewers. Close behind was Hangaeng, with an average of 8,810 viewers, and viichan6, with 7,393 concurrent viewers. Relevance: Twitch, the Amazon-owned platform, ceased operations in South Korea on Feb. 27, 2024, due to elevated operating expenses, exacerbated by local network regulations that inflated costs for video streaming services. According to Twitch's timeline overview, Partners and Affiliates in Korea will be offboarded by June 4. Streaming has been prevalent among professional e-sports gamers and is a significant source of supplementary income for many players. Impact: In South Korea, a country with a high gaming engagement where approximately 75% of the population plays video games, Twitch had a substantial potential audience. A 2021 survey revealed that South Korean gamers spent up to three hours daily watching game streams. | | | |
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| 3 | | LG Electronics Inc. (LG) has signed a $60M stock purchase agreement to acquire a stake in Bear Robotics Inc. This move is part of LG's broader effort to enhance its capabilities in the future-oriented robot business, leveraging Bear Robotics' expertise in AI-based autonomous service robots. More: - The company boasts a team with backgrounds from tech giants like Google, focusing on commercial robot software and cloud-based control solutions.
- LG's CEO, Cho Joo-wan, highlighted its commitment to expanding its robot business through strategic investments and M&As at CES 2024.
- The Korean tech giant has applied robot solutions in various commercial spaces, including airports, hotels, and smart logistics warehouses.
- LG is expanding into industrial and home robots, leveraging AI in traditional products and exploring new areas like smart homes and the metaverse.
Zoom Out: - Bear Robotics, founded in 2017 by John Ha, a former Google engineer, specializes in AI-driven indoor delivery robots operating in Korea, the U.S., and Japan.
- According to PitchBook data, Bear's last fundraising in 2022 valued the company at just over $490M post-money.
- Last month, LG's CEO met with Meta founder Mark Zuckerberg to explore a collaboration on XR devices.
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| 4 | | Tim Berners-Lee, the inventor of the World Wide Web, predicts AI, VR, and a Big Tech reshuffle will shape the future of the internet. In an interview marking the Web's 35th anniversary, he emphasized the role of trustworthy AI assistants, the rise of VR and spatial computing, and potential regulatory actions against Big Tech. More: - Berners-Lee envisions AI assistants that users can trust, comparing them to doctors for their reliability and personal assistance.
- He anticipates a shift where users will own their data, with VR and spatial computing becoming primary modes of computer interaction.
- Although not mentioned directly, Berners-Lee's predictions align with the growth of Web3, cryptocurrency, and blockchain technologies.
- He also predicts regulatory actions aimed at dismantling Big Tech conglomerates, highlighting the changing landscape of digital monopolies.
Zoom Out: - Berners-Lee's contributions to the World Wide Web began in 1980 at CERN, leading to the creation of the internet's foundational technologies.
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| 5 | | V3V Ventures, based in Singapore, has agreed to acquire Metaverse.sg in a deal valued at $3M, aiming to expand its presence in Asia and develop new products. This acquisition includes the entire team of Metaverse.sg, which holds the "Metaverse" global trademark. More: - Metaverse.sg is known for its dashboard, which sorts NFT projects and provides industry insights and news.
- The final quarter of 2023 saw optimism in the NFT market due to the proliferation of sidechains and blockchains beyond Ethereum.
- Interest in NFTs has shifted from the West to Asia, Southeast Asia, and the Middle East, supported by Web3 events and a $100M boost in Asia's blockchain gaming.
- Metaverse SG has over 30,000 followers and a significant presence on DeBank, a social media platform for crypto users.
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| 6 | | ByteDance has trademarked "Pico 4S" with new controller icons in Pico software. The discovery of a "Pico 4S" trademark and icons for ringless controllers in the Pico Connect software suggests minimal fundamental changes but likely includes a chipset upgrade. More: - The "Pico 4S" trademark was filed with the China National Intellectual Property Administration.
- The new controller design matches leaked images of ringless Pico controllers from September.
- Pico 5 was reportedly canceled, with ByteDance shifting focus to a high-end headset to compete with Apple Vision Pro.
- Pico 4S is expected to feature the Snapdragon XR2 Gen 2 chipset used in Quest 3.
Zoom Out: - According to Counterpoint, a market research firm, China's VR shipments shrank by 56% year-over-year in the first half of 2023.
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- European asset manager HANetf has launched France's first ETF dedicated to the metaverse among two thematic ETFs introduced in the country.
- The metaverse in the E-commerce market is projected to reach $309.88B by 2032 as it revolutionizes online shopping with immersive experiences.
- Dubai-based metaverse company Everdome unveiled advancements in Metaverse connectivity by integrating creator-led spaces with digital environments.
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 | Freelance | | This newsletter was curated by Vildana. In addition to Inside Daily Brief, she also contributes to Inside Metaverse. She holds an MSc from the London School of Economics (LSE). You can reach her at vildana@inside.com or her social media platforms, Twitter or LinkedIn. | | This newsletter was edited by Aaron Crutchfield | |
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