The Lenovo Glasses T1 wearable device is compatible with smartphones, tablets and laptops. Photo: Lenovo
The Lenovo Glasses T1 wearable device is compatible with smartphones, tablets and laptops. Photo: Lenovo
The Lenovo Glasses T1 wearable device is compatible with smartphones, tablets and laptops. Photo: Lenovo
The Lenovo Glasses T1 wearable device is compatible with smartphones, tablets and laptops. Photo: Lenovo

Lenovo unveils smart glasses that work across smartphones and laptops


Alvin R Cabral
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Lenovo, the world's biggest maker of personal computers, has unveiled smart glasses that project the screens of smartphones, laptop and computers in front of a user's eyes as the company seeks to further tap into the potential of virtual reality technology.

The Glasses T1 act as a “private display for on-the-go content consumption”, the Hong Kong-based company said on its website on Thursday.

The wearable plug-and-play device, which also has built-in speakers on its temples, connects via USB-C and requires no additional software for installation. Apple devices with lightning connectors need an HDMI adapter to link with the glasses.

The smart glasses also do not require charging as they tap into the power of the device they are connected to.

“Every day, people all over the world are increasingly shifting to mobile devices for entertainment and productivity [and] screen real estate can be a big bottleneck in the user experience,” said Eric Yu, a senior vice president for commercial products at Lenovo.

The smart glasses give users a “portable and private big screen experience” and offer them “more value from their phones and laptops”, he said.

The Lenovo Glasses T1 connects via USB-C, has plug-and-play functionality and does not require charging. Photo: Lenovo
The Lenovo Glasses T1 connects via USB-C, has plug-and-play functionality and does not require charging. Photo: Lenovo

Smart glasses are a growing niche segment as manufacturers continue to add new functions and use cases in a number of industries, resulting in stiff competition in the market.

The segment has also received a boost since companies are seeking to gain an initial foothold in the emerging metaverse sector.

The first major attempt to take these devices mainstream came with the launch of Google Glass in 2013, which struggled with a number of problems, including utility, design and a hefty $1,500 price tag.

In September 2021, Meta Platforms, then known as Facebook, introduced its Stories smart glasses in collaboration with eyewear maker Ray-Ban. They start at $299 and have more options that can be customised to appeal to a wider set of users.

Last May, Meta chief executive Mark Zuckerberg followed up on this when he teased a new smart glass project and other wearable devices with Franco-Italian company EssilorLuxottica, the owner of the Ray-Ban brand.

Major technology companies such as Microsoft, Amazon and Snapchat, with its Spectacles, are also producing smart glasses.

Apple and Samsung, the world's two biggest smartphone manufacturers, are also rumoured to be working on their own versions.

Lenovo already has its ThinkReality line of smart glasses, although it caters mainly to enterprise users.

The size of the global smart glass sector is expected to more than double to about $12.4 billion by 2030, from an estimated $5.13bn in 2021 at a compound annual growth rate (CAGR) of 10.3 per cent, data from Grand View Research shows.

Meanwhile, the overall wearable technology market is expected to grow to $265.4bn by 2026, from $116.2bn in 2021, at a CAGR of 18 per cent, according to research company Markets and Markets.

Lenovo plans to initially release Glasses T1 towards the end of 2022 in China, where they will be known as the Yoga Glasses. The price and global distribution plan will be announced soon after, it said.

The company hopes that the smart glasses will appeal to users who prefer more freedom of movement when using their devices.

The video-streaming market is expected to benefit from the use of the wearable device, although users would need to use voice commands to control content for a truly hands-free experience.

Lenovo is also hoping the device will win over gamers, although this would require hand-held controls.

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Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Company%20profile
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The bio:

Favourite film:

Declan: It was The Commitments but now it’s Bohemian Rhapsody.

Heidi: The Long Kiss Goodnight.

Favourite holiday destination:

Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.

Heidi: Australia but my dream destination would be to go to Cuba.

Favourite pastime:

Declan: I love brunching and socializing. Just basically having the craic.

Heidi: Paddleboarding and swimming.

Personal motto:

Declan: Take chances.

Heidi: Live, love, laugh and have no regrets.

 

Tenet

Director: Christopher Nolan

Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh 

Rating: 5/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

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West Indies v India - Third ODI

India 251-4 (50 overs)
Dhoni (78*), Rahane (72), Jadhav (40)
Cummins (2-56), Bishoo (1-38)
West Indies 158 (38.1 overs)
Mohammed (40), Powell (30), Hope (24)
Ashwin (3-28), Yadav (3-41), Pandya (2-32)

India won by 93 runs

Updated: May 30, 2023, 7:35 AM