Snap Bows AR Glasses; OpenAI Losing Billions; Apple 20th Anniversary iPhones-2 Sizes; Qualcomm Rolls Out Snapdragon Reality Elite for MR Headsets

Snap has revealed Specs, its long-promised consumer smart glasses. TechCrunch.com reports that they will be available today for preorder, with a $200 refundable deposit, and are expected to ship this fall in the US, UK, and France. So you think they will be priced around the cost of a pair of Meta’s Ray-Bans? Good luck with that. They are $2195! While that is a far cry from Apple Vision Pro, the headset with f breathtaking price of $3500, it’s still quite a leap from $350 or $600 to $2195! Specs look pretty much like a fattened up regular pair of glasses. They may look a bit dorky, but here’s the deal…all the computing takes place on device, there’s no tethered puck to have to keep in a pocket or in hand. Specs run two Snapdragon processors, and they claim 4 hours of continuous battery life. You can pop them back into a case, and with case-recharging, you can get a total of 20 hours of use. Right now, they work for multiplayer games between two players with Specs, and they have a 51 degree field of view. You can surf the web with them, and they do have contextual AI. You can look at an object and asked about it, and the glasses will pull up info about what you are looking at. Specs will ship in two sizes…a 47 mm model and a 52 mm model. At 4.6 ounces and 4.7 ounces respectively, they are noticeably heavier than Meta’s Ray-Bans…the first generation Wayfarers weigh less than an ounce. Still, the almost 5 ounce weight is way less than an Apple headset that is a chonky 26.4 ounces.

Up to now, we have known that OpenAI was only taking in a relatively minuscule amount of revenue compared to operating expenses or capitalization. Now, leaked figures show expenses really do dwarf revenues. According to arstechnica.com, OpenAI’s revenue went from $3.7 billion in 2024 to a hair over $13 billion in 2025. Research and development expenses in 2024 were $7.81 billion, and in 2025 ballooned to $19.18 billion. In the ramp up to going public, OpenAI’s operating loss is shrinking as a percentage of revenue, but they are quite a ways from actually generating a profit. It is worth noting that many tech startups operate in the red for several years before turning a profit. OpenAI continues to raise money…another $122 billion in a round in March. They are presently valued at $852 billion. 

For the 20th anniversary of the iPhone, Apple will sell two sizes of the devices…similar to the iPhone 18 Pro and 18 Pro Max that are due out in just about 90 days. That would make them around 6.3 and 6.9 inches. Macrumors.com notes that most rumors point to and edge-to-edge display with curved glass on all sides, giving the visual effect of practical no borders. There should also be a 2nd generation foldable iPhone. All will be powered by a 2 nanometer A21 chip. 

Qualcomm has bowed Reality Elite,  a mixed reality chip platform with substantially improved AI processing for headsets and tethered glasses. In addition, they announced START, a white-label toolkit that gives eyewear makers a nearly complete smart glasses design that they can brand, customize, and ship without building the tech stack themselves. Thenextweb.com reports that Qualcomm is working on over 40 different wearable devices from jewelry to earbuds with cams, to pins and watches. CEO Christiano Amon in fact told CNBC that the single unifying principle is “something that you wear, something that is with you all the time, something that can see the world around you.” Back to Reality Elite. It is built to power two categories of gadgets. The first is standalone video-see-through headsets that overlay digital content on a camera feed of the real world, the approach used by devices like the Meta Quest. The second is lightweight, tethered optical-see-through glasses that blend digital imagery directly into the wearer’s field of view. It would seem a lot of tech companies are working hard on making an everyday carry device that is not a smartphone. Apple, Samsung, and Google certainly are!

I’m Clark Reid and you’re ‘Technified’ for now.