Plus, new AR contact lenses in the making and Amazon & Walmart investments in AI.

Plus, LG enters the Metaverse and flatscreen games are being brought to VR.

Also, UK announces first autonomous dump truck and Stanford University pioneers autonomous spacecraft.

Also, VR is detecting early signs of Alzheimer's and AI is helping retailers boost sales.

Plus, AI makes incredible revelations in cancer studies and Apple Music fined $1.8B

Plus, Sony is bringing PC gaming to VR2 and home building has never been easier with Digs.

Also... Google launches Gemini 1.5 Pro, the latest AI text and video tool and Vi is giving you the possibility for home workouts with the new XR Gloves.

Meta announced that it will now let users post their NFTs across both Instagram and Facebook. To post an NFT on either Instagram or Facebook, users need to connect their wallet to the app. Some compatible wallets include Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet. Apple’s highly anticipated mixed reality headset has a name, according to a Bloomberg report earlier this week. The outlet spotted trademarks filed by Apple-affiliated firms for names like “Reality One,” “Reality Pro” and “Reality Processor” these were filed by a supposed shell corporation with the U.S. Patent and Trademark Office. Nvidia pushes for a protocol called ‘Universal Scene Description’ to be the foundation for the Metaverse, the basis for interoperable content and experiences in the metaverse. The metaverse is a catchall for any multi-user application and currently, people using different applications cannot be connected. Nvidia wants USD to be the “HTML of the metaverse” so that people using different applications can still interact with each other. Meta Platforms Inc signed an agreement with Qualcomm Inc to produce custom chipsets for its Quest devices. Both companies will work together to produce the VR chips, powered by Qualcomm’s Snapdragon platforms, which highlights Meta’s dependency on Qualcomm’s chip technology.

Good morning Metaverse Business Brief readers. Let’s take a dive into the biggest news from the industry in our weekly roundup. Sony says the PlayStation VR2 is going to launch in early 2023. Meta rolls out the new Metaverse ID system. Mark Zuckerberg says Meta’s VR headset will launch in October. The BFI London Film Festival announces their immersive lineup “LFF Expanded And much more...

Top Stories in the WEekly Metaverse Business Brief: At the SIGGRAPH 2022 conference, Nvidia revealed their latest set of software innovations The virtual real estate market is crashing despite a McKinsey report predicting a $5 trillion market by 2030. Lenovo teased a ‘Legion VR700’ headset in a poster shared on social media in China. Receive a copy of the WMB direct to your inbox every Monday >>> breif.aixr.org

Top stories in the Weekly Metaverse Business Brief:  Brazilian twins who were joined at the head have been successfully separated with the help of virtual reality. 2022 Finalists for the 6th International VR Awards have been announced. Synchron has implanted its BCI in a human for the first time. Gym Class just closed an $8 million seed round from Andreessen Horowitz. Receive a copy of the WMB direct to your inbox every Monday >>> brief.aixr.org

Today in the Weekly Metaverse Business Brief:  Starting in August, Meta's Quest 2 VR headsets - the world's most affordable headset - will both go up in price by $100. The Venice International Film Festival unveiled its selection for Venice Immersive. VRChat has had a difficult week. After announcing that it would be implementing a new anti-cheat system that would ban all client modifications. The FTC is suing to block Meta's acquisition of VR fitness app. Claiming that the deal would violate antitrust laws. Receive a copy of the WMB direct to your inbox every Monday, and view past issues: http://brief.aixr.org/