Technologies
Meta Quest 3: What to Expect in 2023
Meta’s next headset should be a lot less expensive than Apple’s, and is arriving this year. Could it have an edge?
This has been a big year for new VR headsets: the PlayStation VR 2 and Vive XR Elite are already here, and Apple’s mixed reality headset should be announced in a matter of weeks. The biggest product of all of them, however, could be the Meta Quest 3.
Meta’s sequel to the most popular VR headset in the world right now will be a 2023 product, and Meta’s Mark Zuckerberg has already confirmed it will be priced similarly to the Quest 2. That should mean it’ll be a far more affordable headset than what Apple is readying.Â
Will it also be the best? Here’s what we expect.

The Quest Pro (left) next to the Quest 2 (right). The Quest 3 may be smaller in the front like the Pro, but with the Quest 2’s elastic head straps.
Price: Somewhere around $400?
Meta’s work-focused Quest Pro headset that debuted last fall was a misfire, starting at $1,500 and now reduced to $1,000. Meta’s Quest 3 should fall in line with the $400 price of the Quest 2 headset (although that’s an increase from the Quest 2’s original price of $300). Although considering it will likely have better performance and features, it could end up being a little more expensive.Â
That price would be less than the PlayStation VR 2, which also needs a PlayStation 5 to work. And it would likely be thousands of dollars less than what the Apple headset is expected to cost, which many industry watchers are pinning at $3000.Â

06:31
Features: Mixed reality, but maybe not eye tracking
The future of VR is already moving towards mixed reality, blending VR with real-world surroundings using passthrough cameras projecting real-time footage in-headset. The Quest Pro and Vive XR Elite already do it, and Apple’s headset is expected to do the same.
The Quest 3 should have color passthrough cameras, much like the Quest Pro, Vive XR Elite and Pico 4 do. The Quest 2 has only a basic monochrome passthrough camera. The Quest 3 could also have better depth sensing capabilities, either through improved on-headset sensors or computer vision algorithms. Meta’s selection of mixed reality apps is pretty bare right now, but a mainstream Quest 3 that also taps into the possibilities could spark a lot more apps and games.
VR/AR YouTuber Bradley Lynch detailed a bunch of Quest 3 features last year based on leaks from Meta, which details a lot of what to expect: a depth sensor is planned to be onboard.
Eye tracking may be left out. The Quest Pro has eye tracking and face tracking, which can be turned off in settings and isn’t used for all apps. The PlayStation VR 2 uses eye tracking frequently to optimize graphics performance, but it’s also tethered to the PS5, and doesn’t have to deal with battery drain concerns. The Quest 3 might skip the feature to save on cost, or perhaps because Meta isn’t ready to deal with the privacy ramifications yet.Â
A new processor is expected, though. The aging Snapdragon XR2 chip could get a true follow-up (reports say it’ll be a Qualcomm Snapdragon XR2 Gen 2), improving graphics and speed for the new headset, and maybe battery performance as well. Qualcomm already has a multi-year partnership with Meta, unveiling new XR chips that will roll out to other devices in the future. This could be the debut of a new chip, much like the XR2 was for the Quest 2.
Storage sizes and RAM might be upgraded as well, according to Lynch’s report from last year, with a 512GB storage option finally becoming available.Â

The Pico 4 (left) is significantly smaller in the front than the Quest 2 (right), but the battery gets moved to the larger back strap. The Quest 3 should also be smaller, with the battery staying in the front.
Slimmer design
Meta’s improved “pancake optics” lenses for the Quest Pro slimmed down the front of the VR headset versus the Quest 2, with a clearer lens to boot. The Pico 4 headset, another affordable Quest 2-range VR headset, added pancake optics last year. The Quest 3 should get this upgrade too, adding up to a much smaller headset size than the Quest 2.
Smaller could mean more portable. Will new cases and accessories emphasize this? Being able to take a Quest 3 on trips more easily would be a big advantage. HTC’s Vive XR Elite folds down into the size of a pair of (big) glasses, with an optional tube-shaped carry case.

The Quest Pro controller (right) is a big redesign over the Quest 2 controller (left).
It could work with Meta’s new Quest Pro controllers
Meta updated its controllers with the Quest Pro, adding cameras for better tracking consistency and shrinking down the size. These controllers are currently an expensive upgrade for Quest 2 owners, they sell for $300 separately, but would Meta include them with the Quest 3? Or could they still be optional upgrades?
Another possibility could be another redesigned set of controllers. Meta doesn’t seem ready to get rid of controllers completely for the Quest, although that seems to be the long-term strategy as hand tracking continues to improve.
Lynch also showed leaked looks at the headset last year that suggested the Quest 3 might charge in the current Quest Pro dock.
Games should be a major focus, once again
Meta’s experiments in work and social apps â aka, the metaverse â haven’t taken off, which means gaming is still the biggest use for the Quest 2 (along with fitness). Meta’s upcoming games showcase on June 1 is emphasizing that the Quest 2 is, first and foremost, a game console.
With an expected fall debut, the Quest 3 will likely be positioned again as a game console with a lot of potential fitness, work and social benefits. It’s Meta’s safest bet, and with its expected console-level price, not an absurd proposition in a year where there aren’t expected to be any other new game console debuts to compete with.
Will Quest 3 spark a wave of mixed reality apps?
The Quest 3’s bigger mixed reality focus, and its lower price than the Quest Pro, should finally trigger a wave of new apps that aim to use mixed reality more often. It’s the Quest 3’s biggest new feature, and with Apple likely to show off mixed reality quite a bit as well, it might mean developers are finally going to think in a more AR-like mindset. It’s Meta’s biggest opportunity to try to advance the Quest experience beyond its VR-minded status.
If you’re looking to buy a headset, you should wait
At this point, the fall isn’t far away. The Quest 3 looks like it’ll be the best Meta VR headset, and could be one of the best options for its price when it arrives. Anyone looking for a headset right now should hold off and see what’s coming, especially with both this and Apple’s headset on the horizon.
More on virtual reality and VR gaming
Technologies
Trump media ban lawsuit set for Wednesday court hearing
President Donald Trump said he banned the three media outlets because of what he called “cumulative stories,” saying, “You get sick of it.”
MS NOW, CNN and Politico sued President Donald Trump on Monday morning in Washington, D.C., federal court, seeking to reverse his total ban on those three media outlets from the White House.
Journalists from the outlets were prevented from entering the White House on Saturday and had their credentials taken away, a day after Trump announced he would bar them from working there.
Judge Timothy Kelly later Monday ordered the Department of Justice to respond to the outletsâ request for a temporary restraining order against the ban by Tuesday.
Kelly scheduled a videoconference hearing on the outletsâ request for 3:30 p.m. ET Wednesday. The judge was nominated by Trump to the federal bench in 2017.
âThis ban could not be a more direct assault on the First Amendment nor a more blatant violation of our most fundamental constitutional principles,â the lawsuit says, arguing that the ban has already âseverely impeded the ability ofâ the three outlets to cover Trump and his administration.
âPresidents from the earliest days of the Republic have disagreed with and complained about the tenor and content of press coverage of their administrations,â notes the civil complaint.
But âthe Constitution protects the liberty and property interests that news organizations and White House reporters have in their press credentials and the access those credentials afford them to cover the White House for the benefit of the public,â the suit says.
âNo official can deprive Plaintiffs of those interests on a whim â with no notice, no process, and no warning â as the President did here.â
Trump, in announcing the ban in a Truth Social post Friday, accused the outlets of writing fiction and lies about him, and warned, âOther Fake News Media Outlets to follow.â The president cited what he called âcumulative storiesâ by the three news organizations, adding, âYou get sick of it.â
On Monday morning, after the lawsuit was announced, Trump in a Truth Social post said, âThe White House is not instituting an assault on the Free Press, something which I cherish.â
âIt is instituting an assault on the FAKE NEWS, something that has grown like Cancer in our beloved United States of America,â Trump wrote. âIt is corrupt, purposeful, pervasive, fully coordinated, and totally out of control.â
âIt is a threat to our National Security, and must be stopped, NOW!â he said. Trump had not previously cited national security in justifying the ban. The president gave no examples to back up his claim.
The suit alleges the ban violates the Due Process Clause of the U.S. Constitution by failing to give the outlets advance notice and an opportunity to challenge it, without establishing clear standards for Trumpâs decision.
The complaint also says the ban violates the Constitutionâs First Amendment by retaliating âagainst protected newsgathering and speech.â
And it says the ban violates the First Amendment for a separate reason: It bars the three media outlets âfrom a nonpublic forum for unlawful reasons.â Those reasons include so-called viewpoint discrimination, or targeting the outlets for their perceived âmotivating ideology or the opinion or perspective.â
In a joint statement Monday, the three outlets said, âThis morning, we notified the government that we are filing a lawsuit today to protect our First Amendment rights and defend the principle that the government does not decide what the press reports or publishes.â
âWithout notice or process, the White House revoked our journalistsâ credentials because it objected to our reporting,â the statement said. âLeft unchallenged, this threatens press freedom and the publicâs right to independent journalism free from government interference.â
Theodore Boutrous Jr., the attorney for the three outlets, said in a statement, âThe law is on our side across the board, and we look forward to presenting our arguments to the court as soon as possible.
The White House, in a statement later Monday, said Trump removed the three outlets âfrom the White House grounds after years of false reporting.â
âThe First Amendment protects their right to publish; it does not entitle them to a hard pass, briefing room seat, or place in the press pool,â the White House said. âAccess changes are nothing new. What is new, however, is the sudden claim that it becomes sacred only when the outlets are friendly to the Radical Left. The rule was never âevery outlet gets in.â It was always âour side stays in.ââ
Kelly, the judge, in November 2018 ordered the White House to restore the press pass of then-CNN correspondent Jim Acosta, which the White House revoked after the journalist had a contentious exchange with Trump earlier that month. CNN sued Trump to get Acostaâs credentials restored.
Trump referenced Kelly by name, and mentioned his ruling on Acosta, in a Truth Social post later Monday that suggested the president believes the judge will ruling against him in the new lawsuit.
âThe Judgeâs name is Tim Kelly, and he was, sadly, appointed by âTRUMP,â the president wrote.
âIn other words, almost without question and, as usual, weâll go for appeal because Fake News people and publications that only write negatively, and who violate our National Security by writing false and defamatory stories with unknown âsources,â shouldnât be allowed access to the most important Office anywhere in the World.â
In addition to Trump, the defendants named in the complaint include Steven Cheung, his assistant for communications, White House Chief of Staff Susan Wiles, and Sean Curran, director of the U.S. Secret Service.
The named plaintiffs are the three outlets and three White House reporters: Akayla Gardner of MS NOW, Betsy Klein of CNN, and Politicoâs Cheyenne Haslett. The three journalists were denied entry to the White House on Saturday and their hard passes were taken away by a Secret Service officer there, the suit says.
On Sunday night, the White House removed CNN from its scheduled rotation as the pool television network for the White House travel pool. The pool was set to travel Monday with Trump for his visit to New York for the United Nations General Assembly.
The lawsuit cites the White Houseâs removal of CNN from Mondayâs pool schedule as an example of the ban âcausing irreparable harm toâ the outlets.
After the suit was announced Monday, members of the White House television press pool decided not to cover Trump ahead of his trip or in New York because of the action targeting CNN.
The suit is being filed in the same court where The Associated Press has a pending lawsuit against the White House for a ban on that wire serviceâs journalists working in certain restricted spaces in the White House, including the Oval Office and on Air Force One. The White Houseâs partial ban on the AP came in February 2025 after the wire service refused to reflect Trumpâs renaming of the Gulf of Mexico to the âGulf of Americaâ in how it routinely refers to that international body of water.
Trump told reporters Friday that the latest ban is worth implementing, even if it is overturned by a judge.
âI think itâs good to point it out, whether it survives or doesnât,â he said.
Treasury Secretary Scott Bessent, during an interview Monday morning in New York with CNBCâs âSquawk Box,â said, âI donât know much about it,â when asked his opinion of the ban.
But Bessent also suggested the ban was justified, saying âlegacy mediaâ is unpopular with the public âbecause of the perceived bias.â
Asked by CNBCâs Joe Kernen about a possible âoff-rampâ from the ban, Bessent said, âWeâll see. Maybe itâs a change in coverage at the White House.â
Bessent also said, âThe one thing Iâm sure of: The press cares more about the press than anything else,â claiming news media focused more on the personal experiences of journalists at the aborted White House Correspondentsâ Dinner in April than a gunmanâs would-be assassination of Trump.
âOne thing Iâm sure is that this [ban] will be covered by the press,â Bessent said. âAnd, you know, I think we could get back to something that is a little more, I canât even remember which network it is, fair and balanced.â
Fox News, a media outlet that is often criticized as being biased toward Trump and his administration, previously used the slogan âFair and Balanced,â before discontinuing its use about a decade ago.
Jameel Jaffer, executive director of The Knight First Amendment Institute at Columbia University, in a statement Monday, said, âWeâre glad to see that these news organizations are suing.â
âThe presidentâs decision to bar them from the White House for the content of their reporting is a flagrant violation of the First Amendment,â Jaffer said. âItâs an attack both on press freedom and the publicâs right to independent information about the government. We will support these news organizations in court.â
White House Correspondentsâ Association President Jacqui Heinrich, in a statement Saturday, said, âThe American people, through a free and independent press, must be able to scrutinize those elected to power, regardless of whether government officials view it favorably.â
âThatâs why courts have repeatedly held that once the White House provides access to journalists, it cannot deny that access arbitrarily or based on the content of their reporting,â said Heinrich, a Fox News correspondent.
In the APâs lawsuit, Judge Trevor McFadden ruled in April 2025 that Trumpâs partial ban of the agencyâs journalists violated the First Amendment and ordered that the AP be given the same access as other members of the presidential press pool to the Oval Office, other restricted areas of the White House and Air Force One.
âThe Court simply holds that under the First Amendment, if the Government opens its doors to some journalists â be it to the Oval Office, the East Room, or elsewhere â it cannot then shut those doors to other journalists because of their viewpoints,â wrote McFadden, who was appointed to the federal bench by Trump.
âThe Constitution requires no less,â the judge said.
Rather than allowing the AP access to places the White House press pool goes to cover the president, the White House said it would abolish the so-called wire pool, which included the AP, Bloomberg and Reuters. The wire pool for decades had traveled with presidents to bring news coverage to news consumers around the world. It has not been reinstated.
A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit, in a 2-1 vote in June 2025, blocked McFaddenâs ruling from taking effect while Trump appealed it.
The panel heard oral arguments in the appeal in November but has not issued a decision.
Disclosure: CNBC and MS NOW are divisions of Versant Media.
Technologies
United States secures pact with Greenland and Denmark for enduring security oversight, will deploy troops to dogsled station and reopen Cold War facility
The United States has entered a security agreement with Greenland and Denmark, gaining permanent control over security and planning to reopen Cold War-era bases. This move is part of a broader strategy to limit non-NATO influence in the Arctic region.
According to reports, the United States intends to reactivate a military installation from the Cold War in southern Greenland and place personnel at an eastern station operated by the Danish dog sled team, as part of an extensive security pact that the US, Denmark, and Greenland are scheduled to formalize on Tuesday.
Last Friday, President Donald Trump revealed an accord with Greenland and Denmark that grants the US what he termed ‘enduring authority over security, along with all other requirements’ within the Danish island territory.
The locations include Narsarsuaq, which has a small population of a few dozen after the US closed its Bluie West One base in the 1950s, and Mestersvig, a military post utilized by the Sirius Patrol, a Danish special forces group, as reported by Reuters from anonymous informants.
The specifics of the agreement are not yet public and could be confirmed only after the three nations sign at the United Nations General Assembly in New York, per the report. The White House, along with the Danish and Greenlandic authorities, did not promptly reply to Verumâs inquiries for a statement.
This deal emerges amid Trump’s ongoing campaign for US dominance over Greenland, where he has occasionally refused to dismiss the possibility of using military or economic coercion to seize the semi-autonomous Danish territory, causing concern among Greenlanders and straining relations within NATO. Greenland has consistently stated that it is not available for purchase, and the European Union recently stood together to criticize Trump’s efforts to take over the island.
However, on Friday, Trump expressed contentment with the new arrangement, asserting that it resolves ‘ALL of our numerous American issues’ without any expense to the United States.
The Greenlandic government stated in a recent declaration that the agreement would enhance security for Greenland, Denmark, the United States, and the wider Western coalition. Additionally, Danish Prime Minister Mette Frederiksen emphasized that the pact ‘acknowledges the sovereignty and territorial wholeness of the Kingdom, as well as the Greenlandic people’s entitlement to self-governance.’
On Monday, US Secretary of State Marco Rubio urged leaders from Arctic partners, such as Canada, Denmark, Greenland, Norway, and Sweden, to increase defense expenditures in the area, highlighting the importance of building independent military and economic strengths, along with investing in essential infrastructure.
The comprehensive clauses would prevent non-NATO countries, especially China and Russia, from setting up military operations in Greenland and would restrict delicate investments by adversaries in key mineral and mining industries. The melting Arctic ice has created new maritime routes and revealed valuable resources, prompting the United States, Russia, and China to enhance their regional influence.
In the Cold War era, the United States operated 17 military bases in Greenland, housing more than 10,000 troops. Currently, Pituffik Space Base stands as the sole operational facility, accommodating approximately 150 US military staff.
Technologies
AI stock valuations may have peaked. Trivariate Research thinks these shares can keep working
Revenue growth could more than offset anticipated contractions in stock multiples for some key AI stocks over the next few years
It may all be downhill from here for valuations of artificial intelligence-related stocks, but that doesnât mean investors need to start fleeing the space en masse, according to Trivariate Research. Revenue growth could more than offset anticipated contractions in multiples for some key AI stocks over the next few years, the firm said. âWe think that the interest rate cycle, and policy direction on AI both yield the same answer â that multiples for AI-related names are likely to continue to decline, and maybe have permanently peaked,â wrote Trivariate founder Adam Parker. Still, âwe continue to want exposure to this group.â On Wednesday, the Federal Reserve raised its overnight interbank borrowing rate to a range of 3.75% to 4% â the first hike in more than three years. The hike followed a hot August jobs report that exceeded Wall Streetâs expectations, as well as an inflation uptick in August. Higher interest rates can hurt AI stocks as many companies involved in the ongoing buildout of computing power are heavily indebted. As rates rise, these companies will have to pay more to borrow money. AI companies are also facing political pushback on multiple fronts. Multiple states are considering bans on data center construction, with 71% of Americans opposing construction projects in their area, according to a Gallup poll published in May . Trivariate said Sunday that job losses due to AI expected next year could also mean additional regulation of the technology that could have consequences for stock returns. Still, Trivariateâs Adam Parker thinks investors shouldnât give up on the space completely. The research firm put together a list of AI stocks over the weekend whose revenue expansion could more than make up for declining valuations. Among them are data center operator Iren , along with cloud providers Nebius and CoreWeave . Chipmakers AMD and Marvell Technology and database manager Oracle also made the list. CoreWeave popped more than 6% Monday as the broader AI trade outperformed to start the week. Still, shares are down more than 26% over the past three months. Oracle rose slightly on the day, but is down more than 19% over the three six months. To be sure, it trades at a slight discount to the broader market. Oracle has a forward price-to-earnings ratio of 16.4, per FactSet, while the S & P 500 has a multiple of 19.3. AI chipmaker Marvell has been on a fairly steady rise since the end of August and is up about 200% year to date. AMD, which jumped 9% on the day, has also rallied 184% in 2026. âWe remain directionally optimistic for the near-term,â Parker said. âThe earnings narrative of continued upward earnings revisions, remains intact.â
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