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Apple, Inc.s AAPL next biggest product after the iPhone is set to drop, with the unveil touted as a monumental launch for the company.

What Happened: Apple is planning to debut its first mixed-reality (MR)headset on June 5, 2023, which the companysees as the beginning of a post-iPhone era,Bloomberg columnist Mark Gurman said in his weekly Power On newsletter.

The launch will herald MR as Apple's foray into a new major category, offering a glimpse of a future where people interact via headsets instead of pocketable touchscreens, he said.

Gurman expects the company to launch not only the headset but also itsxOS operating system, accompanying servicesand, more importantly, a software development kit and platform that will help developers write new types of apps.

See Also: Everything You Need To Know About Apple Stock

Take On WWDC Invitation: Aninvitation sent out by Apple last week for the Annual Worldwide Developer Conference, or WWDC, providessome likely hints, Gurman said.

The graphic is clearly an outline of the Apple Park spaceship campus, signaling the first day of the conference that will be held at the companys headquarters, he said.

The second graphic, an outline of arainbow structure on Apples campus, is also interesting, Gurman said, while noting that it looks like the curved shape of the Apple headset facing upward.

At WWDC 2023, Apple will organizespecial all-day event at its campus, followed by online sessions for developers throughoutthe week, Gurman said.Thekeynote addresses, however, will already have been taped and will not be presentedon stage, he noted.

The reason behind the pre-taped addressescould be driven by anintent to have a polished video instead of leaving"nothing to chance, Gurman said. The company may also not want a headset demo failure on stage, he added.

Susan Prescott, head of developer relations, called the conference Apples biggest and most exciting yet and said that the company cant wait to host this very special event, Gurman said.

The company knows that everyone is anticipating this headset including Wall Street and it wouldnt want to further stoke expectations if it couldnt meet them, he said.

Apple closed Friday's session 1.56% higher at $164.90, according to Benzinga Pro data.

Read Next:Apple's Top Execs Converge At Steve Jobs Theater To Take Stock Of Progress On Mixed Reality Headset

Photo: Shutterstock

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Entertainment

Oscars set to leave ABC and will be streamed live on YouTube from 2029

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Oscars set to leave ABC and will be streamed live on YouTube from 2029

The Oscars will be streamed live on YouTube from 2029 after being broadcast on the ABC network for decades.

It means the annual film awards will be available to the video-sharing platform’s two billion users for free around the world in four years.

The Academy of Motion Picture Arts and Sciences announced the deal with Google-owned YouTube on Wednesday, saying the streaming giant will have the exclusive global rights to the Hollywood awards from 2029 to 2033.

YouTube will effectively be the home to all things Oscars, including red-carpet coverage, the Governors Awards and the Oscar nominations announcement.

The Academy Awards ceremony has been broadcast by ABC for most of its history, but 2028 will be its last year showing the Oscars as they celebrate their 100th anniversary.

“The Oscars, including red carpet coverage, behind-the-scenes content, Governors Ball access, and more, will be available live and for free to over two billion viewers around the world on YouTube, and to YouTube TV subscribers in the United States,” an announcement on the Academy Awards’ website read.

“We are thrilled to enter into a multifaceted global partnership with YouTube to be the future home of the Oscars and our year-round academy programming,” said academy chief executive Bill Kramer and academy president Lynette Howell Taylor.

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They said the new partnership with the platform “will allow us to expand access to the work of the academy to the largest worldwide audience possible”.

File pic: Reuters
Image:
File pic: Reuters

‘Inspiring new generation of creativity and film lovers’

“The Oscars are one of our essential cultural institutions, honouring excellence in storytelling and artistry,” said YouTube chief executive Neal Mohan.

“Partnering with the academy to bring this celebration of art and entertainment to viewers all over the world will inspire a new generation of creativity and film lovers while staying true to the Oscars’ storied legacy.”

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The awards will be available with audio tracks in many languages, in addition to closed captioning.

Last year’s Academy Awards were watched by 19.7 million viewers on the Disney-owned ABC, a five-year high but far below the show’s biggest audience of 57 million in 1998.

The network has been the broadcast home to the Oscars for almost its entire history. NBC first televised the Oscars in 1953, but ABC picked up the rights in 1961.

Aside from a period between 1971 and 1975, when NBC again aired the show, the Oscars have been on ABC.

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King meets Huntingdon train attack heroes, including guard who protected passengers

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King meets Huntingdon train attack heroes, including guard who protected passengers

The King has met survivors of last month’s Huntingdon train mass stabbing, during a special reception at Buckingham Palace.

He shook hands with train guard Samir Zitouni, who was seriously injured as he stepped in to protect passengers.

More than 10 people were hurt in the stabbing on the 6.25pm LNER service from Doncaster to London King’s Cross on 1 November, which diverted to Huntingdon.

The King greets the train's driver, Andrew Johnson. Pic: PA
Image:
The King greets the train’s driver, Andrew Johnson. Pic: PA

The monarch also met Andrew Johnson, who previously served in the Royal Navy, and was driving the service at the time of the attack.

He was praised by Prime Minister Sir Keir Starmer for his quick thinking when he moved the train on to a slow line.

That decision allowed it to stop at Huntingdon station, leading to a quicker response time by emergency services and potentially saving lives.


Sky’s Rachael Venables breaks down how the stabbing unfolded.

Mr Zitouni was credited with saving multiple lives, but was left in a critical condition due to injuries he suffered in the attack.

More on Huntingdon Train Stabbing

Stephen Crean, a football fan who had been returning home after watching Nottingham Forest’s 2-2 draw with Manchester United, was also injured while fighting back to protect others during the incident.

Mr Crean said he would need plastic surgery following his injuries.

The monarch greets Stephen Crean and his wife Monludee Crean during the reception. Pic: PA
Image:
The monarch greets Stephen Crean and his wife Monludee Crean during the reception. Pic: PA

Amira Ostalski, a student who suddenly found herself in danger, said she ran into the buffet car where she picked up a metal tray to protect herself and her friend.

“I was honestly so petrified. I thought in that moment it was the last time I was ever going to be alive. I thought I was going to die,” she said.

Anthony Williams was charged with 10 counts of attempted murder, one count of actual bodily harm and one count of possession of a bladed article following the train attack.

He remains in custody pending further court hearings scheduled for next year.

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Technology

Instacart shares drop on report that FTC is probing company over AI pricing tool

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Instacart shares drop on report that FTC is probing company over AI pricing tool

Cheng Xin | Getty Images

Shares of grocery delivery service Instacart dropped about 7% in extended trading on Wednesday, following a report that said the U.S. Federal Trade Commission has begun an investigation into the company’s pricing practices.

The FTC sent a civil investigative demand to Instacart, Reuters reported, citing unnamed people.

A study released last week showed that prices for the same products in the same supermarkets that work with Instacart can vary by around 7%, which can result in over $1,000 in extra annual costs for customers. Instacart responded by saying that retailers determine prices listed in the app.

In 2022, Instacart spent $59 million to acquire Eversight, a company specializing in artificial intelligence-driven pricing and promotions for retailers and consumer packaged goods. Instacart sought to “create compelling savings opportunities for customers in real-time” with Eversight, according to a regulatory filing.

The FTC and Instacart did not immediately respond to requests for comment.

Read Reuters’ full report here.

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