Suppose you are also noticing that smartphone sales have been declining, and you are seeing people use the same smartphone for more time than before. In that case, you are right because it is true that smartphone sales have fallen year-on-year continuously over the last few years, and since they are becoming the same more and more, we will see this trend continue for a long time. For this reason, smartphone manufacturers have started experimenting with new form factors such as foldables. However, we see that their market has not picked up significantly, which can allow us to say that the smartphone industry has stagnated. For this reason, we are now seeing a new sector being developed inside this industry: intelligent contact lenses. Yes, you can soon use everything from your smartphone inside your contact lenses.

It is worth noting that “the company has developed an AI platform to help develop its frameworks. It describes “neural interfacing” as the technique it will use to give wearers of its lenses full control over applications without them needing to use “awkward” eye movements or extra controllers. (Some prototypes of other smart or connected lenses involve users lowering eyelids to change functions, for example)”. They also mentioned that “Initially, its prototypes cover three usage categories. These are a lens that allows for night vision and 3D; a lens that offers measurement and precision vision (for example for clinical use); and a holographic lens for augmented reality experiences. Xpanceo’s plan is to use the funding to merge these functionalities into one lens, which it estimates will be completed by 2025 or 2026”.

In an interview, Xpanceo’s CEO Volkov said, “We have kind of developed our niche [in 2D materials], and now we use this knowledge as a backbone for our contact lens prototypes,” and added that “neural interfacing” is the technique it will use to give wearers of its lenses complete control over applications without them needing to use “awkward” eye movements or extra controllers.” Some of it can already be seen in action thanks to Apple’s VR headsets.

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