Meta's (META) annual "Connect" conference kicks off Wednesday, with CEO Mark Zuckerberg set to give a keynote address at 1 p.m. ET that's expected to focus on developments in Meta's 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) and 澳洲幸运5官方开奖结果体彩网:virtual reality (VR) products.

At the event, the tech giant could unveil updates to the smart glasses it makes in a partnership with Ray-Ban, new 澳洲幸运5官方开奖结果体彩网:augmented reality (AR) glasses internally dubbed "project Orion," or a lower-cost version of its Quest line of headsets, Bank of America analysts wrote Monday.

Expected Product Launches, AI Updates

The analysts said they will be watching for any new product announcements, along with new data from the tech giant on whether its existing AI products and services a♏re driving people to use products like Facebook, Instagram, and WhatsApp more often.

Updates on how many people use Meta's various AI offerings, which have been integrated throughout many of its products, could also come with announcements of new features like new chatbots or collaborations with celebrities lending their voice to an AI product.

The analysts also suggested Meta could unveil other new features like a subscription-based AI product or a 澳洲幸运5官方开奖结果体彩网:third party headset using its lic🍬ensed Horizon Worlds operating system.

The company announced 澳洲幸运5官方开奖结果体彩网:new versions of its 澳洲幸运5官方开奖结果体彩网:Quest headsets at each of its last two September events, and the analysts said they expect a $300 Quest 3S could be one of this year's big announcements. That compares to a $500 price tag for the Quest 3, and $3,500 for Apple's (AAPL) 澳洲幸运5官方开奖结果体彩网:Vision Pro, after disappointing Vision Pro sales reportedly led Meta to temporarily shelve plans for a higher-cost version.

Meta shares were up 1.1% at $569.66 in early trading Wednesday and have gaine🍬d over 60% since the start of tཧhe year.

UPDATE—Sept. 25, 2024: This article has been updated to reflect more recent share price information.