Alchemy has also released Dimensional Double Shift, a free multiplayer game on the Meta Quest store that emphasizes cooperative gameplay.

CEO Mark Zuckerberg emphasized the transformative potential of XR technologies in shaping the future of computing and human connection during the recent Connect developer conference.

At this conference, Meta announced a significant commitment of $12 billion annually to advance research and development in extended reality (XR) headsets.

In line with its XR initiatives, the Quest S3 headset is set to launch on October 15, 2024, priced at $299, targeting holiday shoppers.

Additionally, Meta's Horizon Avatars will receive an upgrade on October 1, 2024, introducing more customization options and generative AI for avatar creation.

The upcoming Meta Ray-Ban Smartglasses will feature new AI capabilities, including real-time conversation translation across multiple languages.

Meta AI is also enhancing its assistant by incorporating celebrity voices, including those of Awkwafina and John Cena, across its platforms such as Instagram and WhatsApp.

In hardware innovation, the company unveiled Orion, a prototype AR headset that boasts true see-through technology and a 70-degree field of view, although it is currently too costly for production.

Orion requires an external processing puck and a wrist-based neural interface, highlighting the complexity of advanced AR technology.

In the gaming sector, developer Eugene Chung created a unique game called PHAZE in just 30 days, blending storytelling with time-dilation mechanics, set to debut at Unreal Fest.

On the film front, RunwayML launched The Hundred Film Fund, offering grants of up to $1 million to support AI-augmented film projects.

Meanwhile, Holoride is relocating its headquarters to Singapore and expanding into Web3 and mobility services, signaling a shift in its operational strategy.