By 2030, the number of active users in virtual spaces will top 1 billion, up from 118.3 million last year, said an August ABI Research report on metaverse market opportunities. User-generated revenue is projected to grow from $4.2 billion to $44.8 billion over the span. That doesn’t include transaction volume for related non-fungible tokens (NFTs) or dedicated AR/VR revenue, which it said will add “billions of dollars” more, ABI said.
The FTC’s various rulemaking efforts are designed to put “market participants on notice,” and the commission is committed to activating all legal authorities necessary for enforcement, Chair Lina Khan said in a statement with Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya in support of the agency’s five-year strategic plan, issued Friday.
Dell’s "demand environment" slowed since its May 26 financial results, especially in the Client Solutions Group (CSG), where its consumer and enterprise PC businesses reside, said Vice Chairman Jeff Clarke on an earnings call Thursday for Dell’s fiscal Q2 ended July 29. Total net revenue increased 9% year over year to $26.43 billion, but consumer revenue in the CSG segment fell 9% to $3.3 billion.
The COVID-19-induced gaming boom isn't immune to the recent macroeconomic headwinds that harmed other discretionary consumer tech sectors, as was evident in Nvidia’s results for fiscal Q2 ended July 31. “This was a challenging quarter,” said Chief Financial Officer Colette Kress on a Wednesday earnings call.
The FCC published wireless carrier responses to July letters asking about their data retention and data privacy policies. Privacy advocates said this week they hope the letters lead to a renewed focus by the FCC on data privacy issues (see 2208220054).
Sharing data to prevent the sale of counterfeit goods online should be a voluntary practice so companies can protect trade secrets, said Patent and Trademark Office Attorney-Adviser Jennifer Blank Thursday. Industry officials warned against stringent regulation that could give e-Commerce giants like Amazon an unfair advantage.
TCL submitted a status report Tuesday on a class-action settlement filed in U.S. District Court in San Francisco in the case of Julian v. TTE Technology in which the plaintiffs alleged TCL North America marketed certain TVs as having a frame rate twice as high as their actual refresh rate.
California Privacy Rights Act (CPRA) author Alastair Mactaggart warned the California Privacy Protection Agency (CPPA) to reject industry “disinformation” that it will be voluntary to honor users’ browser opt-out signals. The CPPA held its second day of partially virtual hearings Thursday on draft rules implementing CPRA, the successor law to the California Consumer Privacy Act (CCPA). Consumer privacy groups urged the CPPA not to delay enforcement from Jan. 1, as business groups requested Wednesday (see 2208240067).
Fitbit announced Wednesday the next generation of devices in its Inspire tracker line and the Versa and Sense series smartwatches. The latest devices are thinner, lighter, “more comfortable” and don’t require daily charging, blogged TJ Varghese, director-product management.
Ericsson got support from carriers, and other gear-makers, for its request for a waiver allowing the company to offer a multiband radio across the 3.45 GHz and C bands, both auctioned by the FCC for 5G. The waiver would allow 3.45 GHz emissions within the 3.7-4.0 GHz block to comply with C-band out-of-band emissions (OOBE) levels. Commenters said the change could mean faster deployment of 5G. Comments were posted Wednesday in docket 22-298.