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Meta unveils $799 smart glasses with display, AI integration

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Top stories today:

  1. Meta unveils $799 smart glasses with display, AI integration
  2. Fed cuts rates by 25 bps to 4.00% - 4.25%, signals more cuts likely
  3. NVIDIA CEO “disappointed” by reported China AI chip ban
  4. Groq raises $750M at $6.9B valuation in Disruptive-led round
  5. SoftBank, OpenAI Japan AI joint venture said to be delayed

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Meta unveils $799 smart glasses with display, AI integration

  • The built-in 600x600 pixel screen on the right lens can show text messages, video calls, and visual results from Meta AI.

  • A neural wristband is bundled as a control system with hand gesture support.

  • 12MP camera with 1080p video recording support.

  • Sep. 30: the Meta Ray-Ban Display will go on sale in the U.S. in 2 sizes and color options: black and sand (brown shade).

Meta also launched Oakley Meta Vanguard smart glasses targeting sports enthusiasts

The Ray-Ban Meta (Gen 2) also debuted with an 8-hour battery life and 3K video recording support

Grammy-winning artist will.i.am passed on investing $200K in Airbnb in 2010. It’d be worth $100M+ today. Now, the investors behind Venmo and Uber are backing another real estate disruptor. And this time, you can invest. But only until Thursday.

  • Meet Pacaso. Created by a former Zillow exec who sold his first venture for $120M, Pacaso brings co-ownership to the $1.3T vacation home industry. 

  • They’ve generated $1B+ worth of luxury home transactions & fees across 2,000+ owners. That’s good for more than $110M in gross profits in under 5 years. They’ve even reserved their Nasdaq ticker, PCSO. 

And you can join them today for just $2.90/share. But don’t wait too long. Invest in Pacaso before the opportunity ends Thursday night.

*This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.

Prospective investors should review the offering materials for details, including all risk factors, before making an investment decision. Any investment involves significant risks, including the potential loss of the total investment. This advertisement is not an offer to sell or a solicitation of an offer to buy securities.

3. Fed cuts rates by 25 bps to 4.00% - 4.25%, signals more cuts likely

11 of 12 Fed voters backed the quarter-point cut, with newly appointed Governor Stephen Miran dissenting

2 additional cuts this year are expected this year by the FOMC and by markets

Stocks closed mixed after the rate cut

4. NVIDIA CEO “disappointed” by reported China AI chip ban

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