The latest leaps in artificial intelligence (AI) in everything from cars, robots to appliances are to be on full display at the annual Consumer Electronics Show (CES) opening on Thursday in Las Vegas, Nevada.
Forced by the COVID-19 pandemic to go virtual in 2021 and hybrid last year, tens of thousands of show-goers are hoping for a return to packed halls and rapid-fire dealmaking that were long the hallmark of the annual gadget extravaganza.
“In 2022, it was a shadow of itself — empty halls, no meetings in hotel rooms,” Techspotential analyst Avi Greengart told reporters. “Now, [we expect] crowds, trouble getting around and meetings behind closed doors — which is what a trade show is all about.”
Photo: AFP
The CES show officially opens on Thursday, but companies would begin to vie for the spotlight with the latest tech wizardry as early as today.
CES is to be spread over more than 7 hectares, from the sprawling Las Vegas Convention Center to pavilions set up in parking lots. Ballrooms and banquet rooms across the city are to be used to hustle up business.
With transportation computing’s new frontier, next-generation autos, trucks, boats, farm equipment and even flying machines are expected to grab attention, analysts have said.
“It’s going to feel almost like you’re at an auto show,” Accenture Ltd head of platform strategy Kevan Yalowitz said.
More than ever, cars now come with operating systems so much like a smartphone or laptop computer, Accenture expects that by 2040 about 40 percent of vehicles on the road would need software updated remotely.
With connected vehicles come apps and online entertainment as developers battle to grab passenger attention with streaming or shopping services on board.
Electric vehicles enhanced with artificial intelligence would also be on display “in a big way,” Greengart said.
“What has really been the buzz is personalized flying machines,” independent tech analyst Rob Enderle said. “Basically, they are human-carrying drones.”
Led by Mark Zuckerberg’s Meta Platforms Inc, immersive virtual worlds referred to as the metaverse are seen by some as the future of the ever-evolving Internet, despite widespread criticism that the billionaire CEO is over-investing in an unproven sector.
After being a major theme at CES last year, virtual reality headgear aimed at transporting people to the metaverse are expected to again to figure prominently.
Formerly known as Facebook, Meta would be allowing selected guests to try its latest Oculus Quest virtual-reality headset, trying to persuade doubters that the company’s pivot to the metaverse was the right one.
Gadgets or services pitched as being part of the next generation of the Internet — or “Web 3” — are also expected to include mixed-reality gear as well as blockchain technology and non-fungible tokens.
Web 3 promises a more decentralized Internet where tech giants, big business or governments no longer hold all the keys to life online.
“The idea of how we are going to connect is going to be part of the big trend at CES,” Creative Strategies analyst Carolina Milanesi said.
Analysts had expected cryptocurrencies to be touted among Web 3 innovations at the show, but there “could be pullback” because of the implosion of cryptocurrency platform FTX and arrest of its boss, Sam Bankman-Fried, Milanesi said.
CES offerings would likely show effects of the pandemic, as products designed during a time of lockdowns and remote work would be heading for market even if lifestyles are returning to pre-pandemic habits, Greengart said.
Tech designed to better assess health and connect remotely with care providers would also be strong at CES.
Although the show is unabashedly devoted to consumerism, the environment would also be a theme from gadgets designed to scoop trash from waterways to apps that help people cut down on energy use.
A lot of companies are eliminating plastic from packaging and shifting to biodegradable materials, while also trying to reduce carbon emissions, analysts have said.
“If you are the kind of person who is off the grid growing vegetables, then CES is not for you,” Greengart said. “But, I do commend companies that find ways to make their products and the supply chain more sustainable.”
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to