Teleporting to a meeting as a hologram is one step closer to reality following a new announcement from Microsoft.
Microsoft Mesh will allow users to see, hear and interact with other people anywhere else on the planet as though they were occupying the same space. The new platform enables virtual and augmented reality from any device through what it has dubbed “mixed reality” applications.
“You can actually feel like you’re in the same place with someone sharing content ... and be present with people even when you’re not physically together,” Microsoft’s Alex Kipman, the inventor of Kinect and HoloLens told a group of reporters last week.
The new system makes its debut as some are coming to accept how much virtual reality will be a permanent fixture of everyday life, used to supplant the expense of business travel or real-world experiences.
Researchers are also beginning to confirm just how exhausting the current offerings are. A study from Stanford University recently found that spending long stretches of time in a video call negatively affects the way in which we see ourselves and interact with others, a phenomenon often referred to as "Zoom fatigue".
The Verge, which tried out the new system, said Mesh is "like a Microsoft Teams meeting set in the future".
An Engadget reporter who also tried Mesh wrote: "It felt like mingling in real life during the Before Times."
Microsoft's chief executive Satya Nadella compared the new platform to the launch of Xbox Live in 2002, a market-changing product that simplified online multiplayer gaming for consoles.
“Think about what Xbox Live did for gaming - we went from single player to multiplayer, creating communities that helped people connect and achieve together,” Mr Nadella said. “Now just imagine if the same thing happened with mixed reality.”
In the same way XBox Live relied on developers to bring their games online to create a wide variety of multi-player titles for Xbox, Mesh aims to do the same for experiences that can be had in VR and AR.
In Microsoft’s vision for mixed reality, experiences can vary widely, from virtual meetings to concerts. At the launch event, the Redmond, Washington company brought in filmmaker James Cameron, Pokemon Go developer Niantic and co-founder of Cirque du Soleil Guy Laliberte to demonstrate Mesh.
Like XBox, the success of Mesh will depend largely on people’s willingness to shell out for a device.
While the system will be available on most virtual reality headsets, PCs tablets and smartphones, expect the best experience to be had on Microsoft’s HoloLens2, which is $3,500.
On the technical side, Mesh is built on top of Azure, the company’s cloud computing service.
It will also be integrated with Microsoft Teams, meaning colleagues from across the globe can collaborate as though they were in the same physical location.
To start out, Mesh will present people as virtual avatars taken from the AltspaceVR social network, which was acquired by Microsoft in 2017. Eventually, Microsoft plans to support “holoportation”, allowing people to appear as themselves in a virtual space.
A preview for the general public of the Microsoft Mesh app for HoloLens 2 will be available from Wednesday.
The biog
Simon Nadim has completed 7,000 dives.
The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast.
As a child, he loved the documentaries of Jacques Cousteau
He also led a team that discovered the long-lost portion of the Ines oil tanker.
If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Armies of Sand
By Kenneth Pollack (Oxford University Press)
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.”
UAE currency: the story behind the money in your pockets
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
SECRET%20INVASION
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The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar
'Outclassed in Kuwait'
Taleb Alrefai,
HBKU Press
Auron Mein Kahan Dum Tha
Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
Kanye%20West
%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%3C%2Fp%3E%0A