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Thursday, May 2, 2024

The new year will see incremental growth in IT sector

Here we are in a bright and shiny new year. Let’s see what this one might bring.

– I’m going to start with Virtual Reality. Last year was slow and incremental until near the end. Facebook announced Meta and that seemed to enliven venture capitalists and current VR makers, and triggered a renewed vigour in the market. The term metaverse tripped off the tongue and almost unnoticed we saw the emergence of the Chinese company IQiYi. They came out with software and their Adventure 3 VR products that looked very, very similar to the Quest 2, even with the naming. Their pricing is closer to US$500 (16,600 baht) making it lower than the Quest 2 but it is only available in China for the moment. They have another model that sits at a very low $250. Their advertising and sales pitch is nearly identical to the Facebook announcement. This…

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