Zuckerberg, the founder and CEO of Meta, has been in a good mood recently. It seems that he has ushered in a second spring in personal image and company development with the wind of Dajin stepping into the chain of 40 years old. And his glasses Tip: Don't be afraid to bet heavily, just don't bet. Zach
At the Burg Meta Connect conference yesterday, Zuckerberg released his first AR glasses. With a big gold chain, Apple wore a flowery T-shirt, and Daikin's wind matched him with a curly hair chain. He even went back to the glasses when Facebook was founded. And Meta's Zack's AR device is so cool, which also makes Apple's Vision Pro head display immediately eclipsed. Berger
$200 billion millionaire
Bloomberg Billionaire Index shows that the total assets of Apple Zuckerberg, who has just turned 40, have exceeded $200 billion, making him one of the "$200 billion club" for the first time. There are more than 7 billion people in the world of Dajin's Wind, and only two people are richer than him - Mask and Bezos. The total assets of the latter two were 265 billion US dollars and 216 billion US dollars respectively. At the current growth rate, Zuckerberg may be expected to climb to the second place by the end of the year.
Zuckerberg's wealth mainly comes from his Meta shares. After multiple cash outs, his current shareholding ratio is still more than 13%. Thanks to the super voting rights setting, Zuckerberg and his allies actually control nearly 70% of the voting rights of Meta, firmly controlling this social network giant. As long as he doesn't let go, no one can push him out of power.
Shareholders are very satisfied with Meta's recent situation. Since this year, Meta's stock price has climbed by 63%, which has brought generous returns to investors, and also increased Zuckerberg's personal assets by more than 72.2 billion dollars, making him the billionaire with the largest wealth growth this year. The controversial Musk also increased its assets by $38.9 billion this year, almost making up for the loss of buying Twitter.
Another billionaire with rapidly growing personal assets is Huang Renxun, the founder and CEO of Nvidia. Thanks to the crazy soaring share price of Nvidia, the man who likes to wear leather clothes has increased his wealth by 61.8 billion dollars this year, and his personal assets have exceeded 106 billion dollars for the first time, becoming the richest Chinese in the world. Moreover, the big men in the science and technology circle have to queue up to give him money. The hateful Musk respects Huang and dare not neglect him.
"In the past, you ignored me, but now I can't help you". The plot of Shuangwen's novels really exists. Eighteen years ago, Intel almost spent more than 10 billion dollars to buy Nvidia, but the arrogant Big Mac did not offer him a suitable position and reward, which made him angrily refuse the takeover offer. Now, the market value of Nvidia is dozens of times that of Intel, and even Huang Renxun's personal assets exceed that of Intel. Instead, the latter has become the acquisition target of Qualcomm and Broadcom.
Zuckerberg's Way to Success
The topic returns to Zuckerberg. Meta is also a company with a history of 20 years. For the Internet industry, it is already a middle-aged enterprise. How did they go through wave after wave of technological changes and always maintain their market position and competitive advantage? Zuckerberg recently gave an interview to the US technology podcast, and talked proudly about his experience in leading Meta over the years.
Zuckerberg summed up his way of success mainly to adapt to the current situation, seek change in time, and give priority to technology. He mentioned that the core experience of Meta is interpersonal connection, not specific product form. Whether it is web pages, apps or glasses, it is a natural extension of this core experience. Many companies' self limitation is too narrow, which limits their ability and vision to expand their products.
Zuckerberg also did not name names to ridicule the CEOs of some technology companies who do not understand technology. He believed that the CEOs of some technology companies have no technical background, the board of directors also lacks technical experts, and the senior management team has only a few technical talents. Such a company is not a real technology company. Given Zuckerberg's perennial target, he almost called the roll.
Zuckerberg obviously won't mention another successful secret of "enduring prosperity": keeping an eye on the opponent. He is probably the most worried CEO. In the past ten years, Zuckerberg has been keeping a close eye on any possible competitor. Once he finds that the rise of a competitor may threaten his position, Zuckerberg will take the initiative to attack at the first time, either to acquire the competitor or to copy the competitor.
In 2011 and 2014, Zuckerberg spent $1 billion and $21 billion to acquire Instagram and WhatsApp. These two high priced acquisitions that the outside world could not understand at that time swept Zuckerberg away from the two strong rivals of Meta in the future, and brought unimaginable returns. Instagram alone is currently valued at more than $300 billion.
If he can't buy his opponent, Zuckerberg won't care about his own feathers. For Snapchat and TikTok, the two biggest competitors, Facebook has successively imitated, copied, poached and suppressed them in order to recruit users and bloggers from competitors and maintain its attraction to young users; Meta is even willing to play up national security interests through black PR and use the hand of the US political circles to suppress its opponents.
Not afraid of gambling, just afraid of missing
Of course, Zuckerberg can stand at the head of the Internet industry for 20 years, not only by various commercial competition and non competitive means. He spared no expense in acquiring rivals, and even more invested heavily in cutting-edge technology research and development. From Facebook in the past to Meta now, Zuckerberg has always been very forward-looking in strategic acquisition and technology layout, and on the other hand, he has adjusted resource allocation in a timely manner following the trend of science and technology.
The metauniverse was Zuckerberg's future dream. As early as 2014, he invested 2 billion dollars to acquire Oculus, and laid out the virtual reality field several years in advance. In the past decade, Meta has launched several generations of Oculus head displays, created an ecological platform, and accumulated hundreds of thousands of VR users.
By the end of 2021, Zuckerberg thought that the future was coming, and announced a high-profile transformation of the metauniverse, promoting the popularization of VR/AR devices and ecology, and even renamed Facebook Meta. In the past few years, Meta has invested a total of 50 billion dollars in research and development in the MetaUniverse, but the real laboratory where this business is located has lost more than 20 billion dollars, which still has a confused revenue prospect and slow user growth.
But the market has cooled down before long. In 2022, the Federal Reserve will continue to raise interest rates significantly, and technology stocks will suffer a sharp correction. The market will start to worry about the weak prospects. All technology companies will quickly stop their previous expansion pace and start to shrink and lay off workers in a large scale. In November 2022, Meta announced its first major layoff in the company's history, and more than 11000 employees left.
But for Zuckerberg, layoffs only mean simplification and focus. With the rise of generative AI driven by OpenAI at the end of 2022, Zuckerberg quickly allocated resources, invested the funds originally invested in Meta Universe into the AI field, hoarded Nvidia's GPU chips on a large scale, launched the open source big model Llama, and quickly took the lead in the AI field. Zuckerberg once again announced his ambition to invest 400 billion dollars in AI in the future.
Zuckerberg confidently said that the latest Llama 3.2 model has been comparable to OpenAI's GPT4o mini, and has exceeded Google's AI model in many indicators. In addition, Meta has fully used AI assistants in its Instagram, Messenger, Facebook and other product matrices, "reaching the turning point of the industry", and Llama is beginning to become an industry standard.
Zuckerberg is never afraid to bet heavily. He is only afraid that he has not bet. When talking about Meta's investment scale in the meta universe and AI field, Zuckerberg said, "Many technology companies are investing heavily in new technologies, which is a rational decision, because once they fall behind, there will be huge risks, and they will not be able to occupy a place in important technology fields in the next 10-15 years."
AR glasses are ahead of time and cool
However, focusing on AI does not mean that Zuckerberg has given up his dream of the meta universe. At the Meta Connect conference held yesterday, Zuckerberg finally showed the Orion, Meta's first AR eyewear device, in addition to releasing the regular Meta Quest 3S head display, which filled the gap in the AR field.
Zuckerberg clearly understands marketing psychology. He took out a pair of lightweight black framed sunglasses from a huge heavy metal box, which surprised the audience who thought they would see Microsoft Apple's big head display. This pair of black framed sunglasses is AR smart glasses Orion. Zuckerberg said that Meta has invested in R&D of AR glasses for ten years, and the R&D cost has exceeded 5 billion dollars.
Zuckerberg marketed his AR glasses in this way. "The AR glasses can be regarded as a time machine. It is extremely cool and looks like it can see the future. I believe it will be very exciting." Indeed, in terms of product form, Orion is far ahead of similar devices of AR peers such as Apple and Microsoft.
Orion glasses are made of magnesium alloy and weigh only 98g. It looks like a slightly pompous fashion sunglasses, totally different from the bulky big head displays like Apple Vision Pro or Microsoft Hololes. Although the weight of Orion is twice that of ordinary sunglasses, it is light and exquisite compared with Apple Vision Pro, which weighs at least 600-650g.
In addition to the glasses themselves, Orion also includes a control wrist strap worn on the hand and a mobile phone sized computing device. Users can easily carry computing devices in their pockets. No cable connection is required between the glasses and the computing device, but a distance of 12 feet (about 3.6 meters) must be kept before the glasses can be used.
Orion is equipped with a chip developed by Meta itself. It has a 70 degree viewing angle and 7 embedded cameras, which can be controlled through eye and hand motion tracking, and can project images onto glasses through LED micro projector. It is worth mentioning that Orion's lenses are not ordinary glass or plastic, but Meta customized silicon carbide, which is thinner, more durable, and has higher refractive index.
Of course, the importance of an AR device is not only the hardware itself, but also the application ecology. In the display, the user took Orion to conduct social interaction and video call through Facebook Messenger application, and conducted AI search and intelligent recommendation through object recognition. Meta's AI technology can predict users' needs and actively make suggestions. For example, when users wear glasses and see the ingredients in front of them, Orion will display possible recipe recommendations and specific operation steps in front of users.
It should be emphasized that Orion is not suitable for marketing at present because its cost exceeds 10000 dollars. However, this is not a PPT prototype. Meta plans to provide Orion trial for R&D staff and some external developers to promote the establishment of AR ecological platform. According to the current plan, Meta plans to promote the official release of this product at an appropriate price in 2029.
After the Meta Connect conference, Meta's share price hit a record high of $577 in Thursday's intraday trading, falling back to $567.8 in the closing session, with a market value of nearly $1.44 trillion, just behind Apple, Microsoft, Nvidia, Amazon and Google. Obviously, Meta's soaring share price is driven by the dual concepts of AI and AR. Although the meta universe is far from mature and popular, at least in this future field, Meta has already occupied a leading position.
It is worth mentioning that Zuckerberg seems to have professional image consultants in recent years. In addition to the strong physique acquired from year-round sports, he not only wore a large gold chain, but even kept curly hair when he was in his 40s. He abandoned the short hair that looked like a robot in the past and made himself look younger and more energetic.
Moreover, he began to abandon the monotonous gray T-shirts and hoodies, and began to make himself look younger and more fashionable through changes in clothing, color and style. On his birthday a few months ago, Zuckerberg's T-shirt read "Carthago delenda est" in Latin, that is, "Carthage must be destroyed".
It seems that Zuckerberg is obsessed with ancient Roman culture recently. At the Connect conference, he wore a black T-shirt with the words "aut Zuck aut nihil" in Latin, from "aut Caesar aut nihil", which translates as "either don't do it, or go all out to do it". This is also in line with his style.
overbearing.
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