Meta Acquires Limitless To Propel AI Wearable Innovation

by THEFUTURE.TEAM

December 8, 2025

Overview Of A Strategic Acquisition

Meta has strategically acquired Limitless, the AI startup formerly known as Rewind, marking a significant milestone in the evolution of AI-powered wearables. The company, which pioneered an innovative pendant that records conversations, announced via its website that it will cease selling its hardware devices while providing one year of dedicated support for its existing customer base.

Transitioning Business Models And Product Lines

In a transformative move, Limitless will transition its customers to the Unlimited Plan without the need for an ongoing subscription fee. The tech firm will also wind down additional functionality, including its legacy desktop software, Rewind, which innovatively converted desktop activity into a searchable record. This strategic pivot highlights the evolution from early-stage hardware experimentation to a more integrated software and service-oriented model.

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Leadership And Market Dynamics

Founded by Brett Bejcek and Dan Siroker – the latter of whom previously led Optimizely – Limitless successfully navigated a competitive landscape marked by rising investments and market pressure from tech giants like OpenAI and Meta. As indicated by the company’s founders, the market has transformed from an era where AI and hardware were viewed as a remote possibility to today’s inevitable future of integrated personal superintelligence.

Meta’s Vision For The Future

Meta’s acquisition of Limitless reinforces the company’s commitment to bringing AI-enabled wearables to a broader audience. Currently, Meta is focused on evolving its portfolio with products such as AR/AI glasses, including the notable Ray-Ban Meta and Oakley Meta, as well as in-lens displays in the Meta Ray-Ban Display series. While Limitless will likely act as a support mechanism for existing Meta products, its expertise is a clear indication of Meta’s intent to accelerate innovation in the wearable space.

Data Autonomy And Financial Backing

Existing customers of Limitless are offered robust data options, with capabilities to either export or delete their personal data directly from the app. The startup, backed by over $33 million in funding from prominent investors including a16z, First Round Capital, and NEA, has positioned itself at the intersection of hardware and AI technology.

Conclusion

This acquisition not only underscores Meta’s expanding vision in AI-enabled wearables but also signals a broader industry shift towards integrated personal intelligence devices. As Limitless’ seasoned team merges with Meta’s Reality Labs, the coming years are poised to witness rapid advancements in how technology interweaves with daily life.

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Cyprus Income Distribution 2024: An In-Depth Breakdown of Economic Classes

by THEFUTURE.TEAM

December 24, 2025

New findings from the Cyprus Statistical Service offer a comprehensive analysis of the nation’s income stratification in 2024. The report, titled Population By Income Class, provides critical insights into the proportions of the population that fall within the middle, upper, and lower income brackets, as well as those at risk of poverty.

Income Distribution Overview

The data for 2024 show that 64.6% of the population falls within the middle income class – a modest increase from 63% in 2011. However, it is noteworthy that the range for this class begins at a comparatively low threshold of €15,501. Meanwhile, 27.8% of the population continues to reside in the lower income bracket (a figure largely unchanged from 27.7% in 2011), with nearly 14.6% of these individuals identified as at risk of poverty. The upper income class accounted for 7.6% of the population, a slight decline from 9.1% in 2011.

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Income Brackets And Their Thresholds

According to the report, the median equivalent disposable national income reached €20,666 in 2024. The upper limit of the lower income class was established at €15,500, and the threshold for poverty risk was set at €12,400. The middle income category spans from €15,501 to €41,332, while any household earning over €41,333 is classified in the upper income class. The median equivalents for each group were reported at €12,271 for the lower, €23,517 for the middle, and €51,316 for the upper income classes.

Methodological Insights And Comparative Findings

Employing the methodology recommended by the Organisation for Economic Co-operation and Development (OECD), the report defines the middle income class as households earning between 75% and 200% of the national median income. In contrast, incomes exceeding 200% of the median classify households as upper income, while those earning below 75% fall into the lower income category.

Detailed Findings Across Income Segments

Upper Income Class: Comprising 73,055 individuals (7.6% of the population), this group had a median equivalent disposable income of €51,136. Notably, the share of individuals in this category has contracted since 2011.
Upper Middle Income Segment: This subgroup includes 112,694 people (11.7% of the population) with a median income of €34,961. Combined with the upper income class, they represent 185,749 individuals.
Middle Income Group: Encompassing 30.3% of the population (approximately 294,624 individuals), this segment reports a median disposable income of €24,975.
Lower Middle And Lower Income Classes: The lower middle income category includes 22.2% of the population (211,768 individuals) with a median income of €17,800, while the lower income class accounts for 27.8% (267,557 individuals) with a median income of €12,271.

Payment Behaviors And Economic Implications

The report also examines how income levels influence repayment behavior for primary residence loans or rental payments. Historically, households in the lower income class have experienced the greatest delays. In 2024, 27.0% of those in the lower income bracket were late on payments—a significant improvement from 34.6% in 2011. For the middle income class, late payments were observed in 9.9% of cases, down from 21.4% in 2011. Among the upper income class, only 3% experienced delays, compared to 9.9% previously.

This detailed analysis underscores shifts in income distribution and repayment behavior across Cyprus, reflecting broader economic trends that are critical for policymakers and investors to consider as they navigate the evolving financial landscape.

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