Crypto Stocks Surge Amid Market Boom

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

Samsung, Google Team Up On AR Glasses Development, Duo To Enter Race Against Meta And Apple

Ananya Gairola
January 22, 2025

Samsung Electronics Co. (OTC:SSNLF) and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google have decided to team up to develop augmented reality glasses.

What Happened: The development was confirmed by TM Roh, the president of Samsung's Mobile Experience division, in an interview with Bloomberg.

However, the specific details and a release timeline remain undisclosed. The companies “will try to reach the quality and readiness we want as soon as possible,” he stated.

See Also: Netflix Crushed Q4 Thanks To Sports, Squid Game, Says Gary Black: Analyst Highlights Low Attrition Despite Price Hikes, Predicts Stock Upside

The development follows the introduction of Samsing's Project Moohan, a mixed-reality headset, that operates on Google’s Android XR platform.

The South Korean giant is still finalizing the release date and price for this product, expected to launch in 2026, the report noted.

According to Roh, the company is trying to ensure there is sufficient content available for the device for which Samsung and Google are partnering with third-party developers. 

Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.

Why It Matters: Samsung-Google collaboration will compete with major players like Meta Platforms Inc. (NASDAQ:META) and Apple Inc. (NASDAQ:AAPL) in the rapidly growing AR market.

Meta plans to introduce its AR glasses, named Artemis, in 2027. Apple has been secretive about its AR ambitions.

Last year, Meta also unveiled its Orion AR glasses, described as an “impressive demo” but not intended for consumer sale. In 2024, Snap Inc. (NYSE:SNAP) has also entered the AR space with its smart glasses.

Notably, Google’s earlier AR venture, Google Glass Enterprise, was discontinued in 2023 due to challenges like privacy concerns.

Photo Courtesy: dennizn on Shutterstock.com

Check out more of Benzinga’s Consumer Tech coverage by following this link.

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