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Xiaomi to Move Ahead with IPO

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According to various news reports, Xiaomi has signed bankers to support an anticipated initial public offering (IPO). The IPO could value the company at $100 billion. According to Bloomberg, Xiaomi has selected Morgan Stanley and Goldman Sachs, with Credit Suisse and Deutsche Bank also in the frame to play a role.

The smartphone maker is also considering a China-based underwriter and is yet to decide on timings or locations of a listing. There is significant interest in a Xiaomi IPO after the company shrugged off a turgid 2016 to return to growth in 2017 – something it is understandably keen to highlight.

Reports indicate that the company is set to smash its annual target, with strong profitability. While a valuation of $100 billion was mooted, earlier reports put the figure at $50 billion. Despite its strong performance in 2017, the company does have a number of challenges to face, not least of which is that to grow its smartphone market share it will need to enter additional markets, which are already home to tough competition.

While Xiaomi has done well to establish itself in markets including India, this was a long and complicated process and further international expansion will not come easy. The company also built up a strong hardware ecosystem by working with partners, which resulted in its Mi brand gaining ground in the consumer space. Xiaomi’s strength in software is also something that sets it apart from other Chinese vendors.

Accessories

Logitech Launches its Aurora Collection in the Gulf Region

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Logitech G introduced the Aurora Collection in the Gulf region, a new collection featuring the G735 Wireless Gaming HeadsetG715 Wireless Gaming KeyboardG713 Gaming KeyboardG705 Wireless Gaming Mouse. The new collection was designed while addressing the needs and wants of women gamers and appealing to all gamers who are looking for a  playful design and curated experience.

The Aurora Collection has a distinctive aesthetic and design language. It also includes Logitech G’s advanced gaming-grade technologies like LIGHTSPEED high-performance wireless technology and Blue VO!CE microphone technology. The result is a collection of gear that invites all gamers to come as they are while delivering the advanced feature set all gamers expect.

The Aurora Collection was conceptualized based on the feedback from women gamers across the community and brought to life by a team of predominantly women innovation, design, engineering, and marketing leaders at Logitech. The collection was created to meet the gaming desires and needs of an underrepresented segment of gamers and reimagine the future of gaming where representation is firmly present.

The Aurora Collection consists of:

  • G735 Wireless Gaming Headset – Featuring a White Mist finish, ethereal RGB lighting, and on-ear dual-audio mixing, the G735 is a versatile option for any player. G735 is the first Logitech G headset with the feature to modulate a player’s voice.  Players can enjoy long gaming sessions with 56+ hr battery life (without lighting), and experience wireless freedom through Logitech G’s award-winning LIGHTSPEED wireless technology, and Bluetooth.
  • G715 and G713 Mechanical Gaming Keyboards – The G715 Wireless Gaming Keyboard and G713 Gaming Keyboard deliver low-key vibes with high-key performance so players can express themselves and play their way. A compact, tenkeyless layout, and adjustable height ensure comfort all day long. Pack it up and place it anywhere with a rechargeable battery that delivers 25 hours of non-stop gaming, and LIGHTSPEED wireless or Bluetooth connectivity. Both keyboards come with an included Cloud-Soft palm rest for all-day comfort.
  • G705 Wireless Gaming Mouse –G705 Wireless Gaming Mouse is purpose-built for smaller hands with compact contoured fit, and advanced gaming technology. At just 85 grams, G705 is designed for long-lasting, lightweight comfort and performance. With a gaming-grade sensor, ultra-responsive LIGHTSPEED wireless, Bluetooth connectivity, and an easy-reach DPI-cycling button, gamers can play their best.
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Events

Meta Connect 2022 Date Announced

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Mark Zuckerberg, the CEO and Founder of Meta announced on his Facebook account the official October 11 event date for Meta Connect 2022. In the same post, the CEO also added a new image of Project: Cambria, the long-awaited follow-up to the Meta Quest.

Meta Connect, formally Facebook Connect, is an annual online showcase event highlighting the firm’s technology updates and roadmaps. Last year’s event was exceedingly notable because the Menlo Park-based firm publicly rebranded itself as Meta for the first time.

The event also saw Meta refocusing away from its social media foundations, moving the firm towards immersive Web3 technology and software. The Menlo Park-based firm set out its goals to create new XR technology and claim a foothold on the Metaverse.

The popularity of Metaverse technology has sky-rocketed thanks to last year’s Connect event. During the showcase, the firm introduced its vision of the Metaverse as an immersive social space where users can work and socialise.

Since the event, the firm has debuted its Horizons Metaverse globally. The Menlo Park-based also uses the fledging service as a testbed where budding immersive developers can design and distribute Metaverse content. The firm also supports Horizon developers with a series of XR funds and boot camps.

Meta Connect, formally Facebook Connect, is an annual online showcase event highlighting the firm’s technology updates and roadmaps. Last year’s event was exceedingly notable because the Menlo Park-based firm publicly rebranded itself as Meta for the first time.

The event also saw Meta refocusing away from its social media foundations, moving the firm towards immersive Web3 technology and software. The Menlo Park-based firm set out its goals to create new XR technology and claim a foothold on the Metaverse.

The popularity of Metaverse technology has sky-rocketed thanks to last year’s Connect event. During the showcase, the firm introduced its vision of the Metaverse as an immersive social space where users can work and socialise. Since the event, the firm has debuted its Horizons Metaverse globally. The Menlo Park-based also uses the fledging service as a testbed where budding immersive developers can design and distribute Metaverse content. The firm also supports Horizon developers with a series of XR funds and boot camps.

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Gadgets

Bytedance Reveals Full Pico 4 XR Headset Specs

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Pico Interactive has revealed in a tweet on Thursday its upcoming Pico 4 headset along with a series of specifications for the head-mounted display (HMD).

The tweet shows the following features along with updates on the company’s website:

  • 5300 mAh high-capacity battery
  • Qualcomm Snapdragon XR2 processor
  • Adreno 650 graphics processing unit (GPU) and 8 GB of RAM
  • Ultrawide pancake optics with a 105-degree field of view (FoV)
  • Colour passthrough mixed reality (MR) visuals
  • Motorised Interpupillary Distance adjustments of 62-72 millimetres
  • 4K+ Super-Vision Display of 4320 x 2160
  • 6 degrees of freedom (DoF) with submillimetre positioning and millimetre tracking accuracy
  • High-Fidelity spatial audio
  • Hypersense haptic controllers with vibrations from 50Hz to 500Hz
  • Weighing at just 586 grammes with its strap included, the standalone device can also tether to gaming PCs for top virtual gaming experiences at 90Hz refresh rates and 1200 pixels per inch (PPI).

Pico’s SLAM infrared optical positioning system also taps the headset’s visual sensors for tracking body positions and movement for added precision. Additional features include a PICO motion tracker with 3DoF positioning for monitoring legs, arms, and other body placements for lifelike motion capturing.

Pico’s PICO OS 5.0 will also integrate TikTok social media posting for communication and updates with online friends in real-time, along with sharing VR video feeds. The software’s Pico Video app will also provide avatar-based VR concerts, 6DoF interactive films, theatre, live interest, and other experiences.

The OS will also include Sports Centre, which leverages the company’s CalSense fitness algorithm for accurate calorie management and workout routines. It will also provide data statistics, workout plans, and social workout connectivity with other users.

The Beijing-based firm will launch for purchase across South Korea, Japan, Spain, France, the United Kingdom, Germany, Italy, and many other European spots, but has not yet pinned a US release date and aims to open sales in Singapore, Malaysia, and China at later dates, according to reports. According to resellers, the device will cost £379 and £449 for the 128 GB and 256 GB models, respectively.

The news comes after Pico teased audiences with fresh announcements on the Pico 4 via TikTok and YouTube, noting that the upcoming headset would likely target consumers and enterprises. Formerly titled Project Phoenix, previous data from US Federal Communications Commission (FCC) filings revealed the standalone device used an Android Q OS and Qualcomm processors, among others.

Pico also released its Neo3 Link headset in late May for £399, with preorders shipping in early June. The headset has been widely seen as a direct competitor to the Meta Quest 2, with the most recent device challenging Meta Platform’s upcoming Meta Quest Pro, or Project Cambria enterprise-level headset.

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