Speaker 1: And when we talk about the metaverse, the logical thing to do is to talk about the combination of Qualcomm, Snapdragon, and meta. We had an incredible relationship with meta for the last seven years. The most recent product as a result of this relationship is the meta quest too. And today at EFA, we're very excited to make a big announcement because [00:00:30] this partnership is getting stronger. We're announcing today, the Qualcom and meta, which is the word leader in XR. We are going to work together on a very long journey. We're announcing a multi-year agreement that together we are going to develop premium and custom experiences with custom products that will leverage Snapdragon XR. But you don't want to hear about that from [00:01:00] me. So I'm extremely honored and proud to have a message to all of you from my friend. Uh, no other than the founder and CEO of meta mark Zuckerberg. And he's gonna tell you in this incredible video, what is the vision for the future and how we going to shape it together with our partnership?
Speaker 2: Thanks, Christiano. And Hey everyone. It's good to be here today. Right [00:01:30] now, we are at the beginning of the next chapter for the internet. And it's the next chapter for our company too. The defining quality of the metaverse will be a feeling of presence like you're right there with another person or in another place feeling truly present with another person is the holy grail of social technology. And that's why we're so focused on building this. You're gonna be able to get together with friends and family work, learn, play, shop, create as well as completely new experiences that don't really fit with how we think [00:02:00] about computers or phones. Today. We're gonna move across experiences on different devices with augmented reality glasses to stay present in the physical world, virtual reality, to be fully immersed and phones and computers to jump in from existing platforms. We can already experience glimpses of the metaverse today through virtual and augmented reality.
Speaker 2: But this is just the beginning. Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions, of dollars of digital commerce [00:02:30] and support jobs for millions of creators and developers, and importantly enable better social experiences than anything that exists today. Now, this isn't something that we can or would build alone. The metaverse will be built by creators and developers, making new experiences and interoperable digital goods that unlock a massive creative economy. And of course, it's gonna require big advancements in connectivity, compute technology and hardware to bring all of this to life. And that's [00:03:00] where Qualcomm comes in. We've been all in on VR since the early days of PC and mobile and Qualcomm has been right there with us from Oculus go to the more recent meta quests two we've been collaborating together for years long before VR became mainstream and the metaverse became top of mind for the industry.
Speaker 2: And today I'm excited to announce the next phase of our partnership, a deeper engineering collaboration at a level that's a first for both of us. As we continue to build more advanced [00:03:30] capabilities and experiences for virtual and augmented reality, it's become even more important to build specialized technologies to power our future VR headsets and other devices. Unlike mobile phones, building VR brings novel multidimensional challenges in S spatial computing cost and form factor together. Meta and Qualcomm will collaborate on customized VR chip sets, powered by Snapdragon XR platforms and technology for our future roadmap of quest products [00:04:00] with powerful chip sets optimize specifically for meta VR devices. We can continue pushing VR hardware to its limits to deliver the best possible experiences. We're still at the early stages of the metaverse and this sort of deep technical integration will help VR move towards being a multifunctional computing platform that will transform how we all connect. So thank you for having me here today, and I can't wait for what we're gonna build together.
Speaker 1: That's [00:04:30] awesome. And it's really exciting also for Snapchat and product and how we're gonna build together with met those incredible devices.