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Meta CEO Mark Zuckerberg presents the new Ray-Ban display glasses at the 2025 Meta Connect conference (Benjamin Legendre/Getty Images)

Watch: Meta virtual reality conference bloopers

Meta Connect was tough to watch.

Meta unveiled a host of seemingly innovative products and features at its annual virtual reality conference, Meta Connect, but what stood out were all the mess-ups.

Tech product events usually aren’t perfect, but they’re highly rehearsed and controlled environments, so they’re rarely this bad — especially for a company as big and as practiced as Meta.

While the prerecorded videos of the products in use were slick and highly produced, some of the live demos simply failed.

“Glasses are the ideal form factor for personal superintelligence because they let you stay present in the moment while getting access to all of these AI capabilities to make you smarter, help you communicate better, improve your memory, improve your senses, CEO Mark Zuckerberg reiterated at the start of the event, but the ensuing bloopers certainly didn’t make it feel that way.

In the very first demo of Live AI, Chef Jack Mancuso tried to get a recipe for steak sauce only to have the AI ignore his repeated requests and skip steps:

Perhaps the most painful example of the night was when Zuckerberg attempted to take a video call from CTO Andrew Boz Bosworth, who’s recently been spending time in his new role as an Army officer. They tried five times and eventually Boz had to come onstage.

“We’re going to have Boz come out here and we’re just going to go to the next thing that I wanted to show and hope that will work,” Zuckerberg said, visibly stressed.

Throughout the event, Zuckerberg fumbled words and blamed the Wi-Fi for the glitches. It was uncomfortable, strange, and distracted from the product lineup, which included new Ray-Bans with a built-in display that’s controlled by a wristband and Hyperscape Capture, tech that allows Quest users to quickly scan a room to create a virtual version of it.

“This isn’t a prototype,” Zuckerberg said of the Ray-Ban Display glasses with the wristband earlier in the event. “This is here. This is ready to go and you’re going to be able to buy them in a couple of weeks.”

But if the tech doesn’t work for Zuckerberg, who’s so practiced with the wristband he can type 30 words per minute, what are the rest of us who aren’t the CEO of the company to expect in real-life, day-to-day use cases?

Fortunately for Meta, analysts seem to have looked past the bloopers, with Bank of America, Morgan Stanley, JPMorgan, and Cantor Fitzgerald reiterating “buy” ratings after the event. Meta stock is up 0.5% premarket.

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Rani Molla

Tesla investors like the idea of merging with SpaceX

Tesla is trading up about 2.5% in early trading Friday after reports Thursday that the Elon Musk-led company was considering a merger with SpaceX, another of Musk’s many companies.

That’s a better showing than the stock’s reaction to its better-than-expected earnings a day earlier, after which shares closed down 3.5%. Acquiring a very valuable, entirely different company, it turns out, is a more attractive prospect than watching an existing one’s revenue and profit decline.

Musk is also reportedly considering merging SpaceX with xAI, his artificial intelligence company, which recently combined with his social media platform, X.

Musk is also reportedly considering merging SpaceX with xAI, his artificial intelligence company, which recently combined with his social media platform, X.

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Jon Keegan

WSJ: OpenAI plans Q4 IPO in race to be the first AI startup to enter public markets

OpenAI was the first to the generative-AI market with ChatGPT, and now it hopes to be the first of its AI startup cohort to pull off an initial public offering, according to a report from The Wall Street Journal. The $500 billion startup is in a race against its $350 billion competitor Anthropic, which has also been exploring an IPO.

Per the report, OpenAI is in talks with banks to try for a fourth-quarter IPO this year, which has the potential to be one of the largest IPOs ever in a year that is expected to see many record-breaking tech companies tap into public markets to raise sizable new rounds of capital.

Ahead of a potential public listing, OpenAI is reportedly attempting to raise a massive round of private investment. The company is reportedly aiming to raise $100 billion, with Amazon potentially accounting for up to half of that target. Other investors in talks with OpenAI over the private fundraising round include Nvidia, Microsoft, and SoftBank.

Per the report, OpenAI is in talks with banks to try for a fourth-quarter IPO this year, which has the potential to be one of the largest IPOs ever in a year that is expected to see many record-breaking tech companies tap into public markets to raise sizable new rounds of capital.

Ahead of a potential public listing, OpenAI is reportedly attempting to raise a massive round of private investment. The company is reportedly aiming to raise $100 billion, with Amazon potentially accounting for up to half of that target. Other investors in talks with OpenAI over the private fundraising round include Nvidia, Microsoft, and SoftBank.

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Rani Molla

SpaceX is actually considering a merger with Tesla or xAI: Report

Bloomberg reports that Elon Musk’s SpaceX is considering merging with Musk’s Tesla. Earlier today, Reuters had reported that SpaceX was thinking of potentially merging with xAI ahead of SpaceX’s IPO this year.

From Bloomberg:

The firm has discussed the feasibility of a tie-up between SpaceX and Tesla, an idea that some investors are pushing, the people said, asking not to be identified as the information isn’t public. Separately, they are also exploring a tie-up between SpaceX and xAI ahead of an IPO, some of the people said.

Musk’s companies already have numerous relationships between themselves, including most recently Tesla’s $2 billion investment in xAI. At Tesla’s shareholder meeting last year, shareholders voted to invest in the company but the board didn’t approve the measure due to significant abstentions.

In 2024, SpaceX incurred about $2.4 million in expenses under commercial, licensing, and support agreements with Tesla, and Tesla incurred about $800,000 in expenses for Musk’s use of SpaceX’s jet.

From Bloomberg:

The firm has discussed the feasibility of a tie-up between SpaceX and Tesla, an idea that some investors are pushing, the people said, asking not to be identified as the information isn’t public. Separately, they are also exploring a tie-up between SpaceX and xAI ahead of an IPO, some of the people said.

Musk’s companies already have numerous relationships between themselves, including most recently Tesla’s $2 billion investment in xAI. At Tesla’s shareholder meeting last year, shareholders voted to invest in the company but the board didn’t approve the measure due to significant abstentions.

In 2024, SpaceX incurred about $2.4 million in expenses under commercial, licensing, and support agreements with Tesla, and Tesla incurred about $800,000 in expenses for Musk’s use of SpaceX’s jet.

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