It’s funny, the times and places where you realise what the future is going to look like. For me, the latest – literally – was at a Cleveland Indians baseball game this summer.
I was playing with the new Samsung Gear 360 camera, a ball-shaped device that scans everything around you and then stitches it into a spherical photo. I conspicuously held the camera over my head to take a picture and the people around me naturally got curious.
I explained what the Gear 360 was and what it could do. Everyone instinctively posed. When I showed them the result on my phone and how you could swivel around the photo by swiping the screen, the reaction was universal amazement. Strangers started adding me on Facebook and giving me their email addresses so that they could admire the photo later on and show their friends.
When I got home, I inserted my phone into the Gear VR – Samsung’s associated virtual reality headset – to take a look. I was just as astonished. Not only could I see the entirety of the stadium and my fellow attendees, all smiles and fun poses, I could take it all in simply by turning my head. It was literally like being there.
It was then that I realised virtual reality really is here but it’s not exactly what we thought it would be. It’s actually far more real than virtual.
With the springtime release of the Oculus Rift and the HTC Vive, plus the arrival of PlayStation VR last month, this year was supposed to be virtual reality’s coming out party. But that particular flavour of VR – consisting mainly of games set in computer-generated worlds – hasn’t really set the real world on fire.
Oculus sold only about 50,000 systems in its first six months of availability, while HTC moved 100,000 units over a similar time frame. The mediocre results are because of the hefty cost involved. Not only do the headsets themselves sell for US$599 and $799, respectively, they also require high-end computers, which typically add several thousand dollars to the bill.
Mobile VR – represented by the likes of Samsung’s $100 headset – has fared much better. The company shipped about 1 million Gear VR units last year, while Google moved more than 5 million of its own inexpensive Cardboard viewer, which sells for as low as $20.
The lower cost of these mobile headsets, which use inserted smartphones as their processors and displays, is driving the quick adoption, but so is user-generated content – the sorts of photos I took in Cleveland.
The cost to produce such content is also rapidly approaching zero. Spherical cameras such as the Gear 360 or the Ricoh Theta S are relatively inexpensive, at about $350 each, but they’re not even necessary to take basic photos.
Google’s Street View app, available for Android and iPhone, lets users shoot a sequence of photos with nothing but their phone while turning around on the spot. It then miraculously stitches the group of shots together into a full spherical image. The results aren’t as flawless as a proper 360 camera – you often see the bottom of your legs in the picture – but they’re still good enough to elicit a “Wow”.
The proof is there. I’ve added a few dozen 360 photos to my publicly viewable Google Maps account over the past few months and I just hit 100,000 views the other day. Nothing I’ve ever shared before has garnered so many hits so quickly.
Google’s just-released Daydream View raises the bar on $100 mobile VR headsets. Covered in soft fabrics, it’s comfortable to wear and its lenses don’t fog up. It also has a Nintendo Wii-like hand-held controller for navigating on-screen menus.
Most importantly, it comes with Google’s two killer apps – YouTube and Street View, where the wearer can dive into all manner of user-generated photos and videos.
Samsung has so far tied its Gear VR to its own phones, but Google is smartly opening the Daydream View to other manufacturers. It only works with the company’s own Pixel phones for now but additional Android device compatibility is coming soon. That will inevitably drive these trends even faster in 2017.
For at least the foreseeable future, virtual reality isn’t likely to be made up of far-out dreamscapes and fantastical worlds, as we’ve been led to believe. Rather, it’s going to consist of millions of people sharing images of the actual world that’s all around us, to be viewed in a completely new and different way. Literally.
Peter Nowak is a veteran technology writer and the author of Humans 3.0: The Upgrading of the Species
business@thenational.ae
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
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.”
SCHEDULE
Thursday, December 6
08.00-15.00 Technical scrutineering
15.00-17.00 Extra free practice
Friday, December 7
09.10-09.30 F4 free practice
09.40-10.00 F4 time trials
10.15-11.15 F1 free practice
14.00 F4 race 1
15.30 BRM F1 qualifying
Saturday, December 8
09.10-09.30 F4 free practice
09.40-10.00 F4 time trials
10.15-11.15 F1 free practice
14.00 F4 race 2
15.30 Grand Prix of Abu Dhabi
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The biog
Mission to Seafarers is one of the largest port-based welfare operators in the world.
It provided services to around 200 ports across 50 countries.
They also provide port chaplains to help them deliver professional welfare services.
Teachers' pay - what you need to know
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
Super Rugby play-offs
Quarter-finals
- Hurricanes 35, ACT 16
- Crusaders 17, Highlanders 0
- Lions 23, Sharks 21
- Chiefs 17, Stormers 11
Semi-finals
Saturday, July 29
- Crusaders v Chiefs, 12.35pm (UAE)
- Lions v Hurricanes, 4.30pm
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Uefa Nations League: How it works
The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.
The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.
Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
RESULT
Wolves 1 (Traore 67')
Tottenham 2 (Moura 8', Vertonghen 90 1')
Man of the Match: Adama Traore (Wolves)
The%20specs%3A%202024%20Mercedes%20E200
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SPECS
Mini John Cooper Works Clubman and Mini John Cooper Works Countryman
Engine: two-litre 4-cylinder turbo
Transmission: nine-speed automatic
Power: 306hp
Torque: 450Nm
Price: JCW Clubman, Dh220,500; JCW Countryman, Dh225,500
The studios taking part (so far)
- Punch
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- Sweat
- Bodytree Studio
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- Cryo
EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old
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15 years, 235 days old
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15 years, 271 days old
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16 years, 30 days old
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16 years, 68 days old
Killing of Qassem Suleimani
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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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Trolls World Tour
Directed by: Walt Dohrn, David Smith
Starring: Anna Kendrick, Justin Timberlake
Rating: 4 stars
West Asia Premiership
Dubai Hurricanes 58-10 Dubai Knights Eagles
Dubai Tigers 5-39 Bahrain
Jebel Ali Dragons 16-56 Abu Dhabi Harlequins
THE%20SWIMMERS
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MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
How%20to%20avoid%20getting%20scammed
%3Cul%3E%0A%3Cli%3ENever%20click%20on%20links%20provided%20via%20app%20or%20SMS%2C%20even%20if%20they%20seem%20to%20come%20from%20authorised%20senders%20at%20first%20glance%3C%2Fli%3E%0A%3Cli%3EAlways%20double-check%20the%20authenticity%20of%20websites%3C%2Fli%3E%0A%3Cli%3EEnable%20Two-Factor%20Authentication%20(2FA)%20for%20all%20your%20working%20and%20personal%20services%3C%2Fli%3E%0A%3Cli%3EOnly%20use%20official%20links%20published%20by%20the%20respective%20entity%3C%2Fli%3E%0A%3Cli%3EDouble-check%20the%20web%20addresses%20to%20reduce%20exposure%20to%20fake%20sites%20created%20with%20domain%20names%20containing%20spelling%20errors%3C%2Fli%3E%0A%3C%2Ful%3E%0A
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Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Ronaldo's record at Man Utd
Seasons 2003/04 - 2008/09
Appearances 230
Goals 115
FIGHT%20CARD
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