Sign up for our daily briefing

Make your busy days simpler with the Axios AM and PM newsletters. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to the Axios Closer newsletter for insights into the day’s business news and trends and why they matter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with the Axios Sports newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with the Axios Des Moines newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with the Axios Tampa Bay newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Annelise Capossela/Axios

The next decade of technological advances — in virtual reality and AI — is poised to move more of human life into the digital realm.

The big picture: Moments of great upheaval are often followed by major technological and social innovations. Prompted in part by the pandemic, the 2020s could see the development of a new reality that captures the best of the analogue and virtual worlds.

What's happening: In a recent report, L'Atelier, a foresight company that is part of the French banking giant BNP Paribas, mapped the development of more than 80 current technologies in an effort to predict how they'll change life by the next decade.

  • The technologies were evaluated with NASA's Technology Readiness Level method, which charts them on a scale of 1 (basic principles in the process of being tested) to 9 (already being incorporated into daily life).
  • The advances were broadly grouped into major areas like immersive reality, human enhancement and artificial intelligence.
  • The bigger challenge to prediction isn't forecasting technological change, "but understanding societal change," L'Atelier CEO John Egan says.

Egan sees the pandemic — which has made the physical environment outright dangerous — accelerating the penetration of businesses and technologies that "develop and maintain in virtual space."

  • That includes what L'Atelier classifies as "immersive technology" — virtual reality (VR) that departs physical space for one that exists entirely online, augmented reality (AR) that adds virtual overlays to the bricks-and-mortar environment, and mixed reality that allows a user to jump between the two.

Take Fortnite: The tens of millions of users who regularly play it aren't just shooting each other in between dance moves — they're taking part in a virtual space where they can socialize and even watch films and concerts.

  • By the 2030s, says Egan, "tech will facilitate a new digital infrastructure that sits on top of the physical infrastructure, one that will be unique to individuals through AR glassware and eventually through contact lens and even neural implants."

Details: Apple is said to be developing an AR headset, while Google recently bought the smart glasses company North.

  • Holoride, a spinoff of the German car company Audi, has developed in-car VR technology for passengers that matches the speed and moves of the vehicle, eliminating the motion sickness that often accompanies virtual reality.
  • Nils Wollny, Holoride's CEO, notes that non-driving passengers take more than 1.5 billion rides a day, and that technology like theirs opens up a huge potential audience to new ways of virtually experiencing games, media and more.

Yes, but: The pandemic has yet to lead to the takeoff of virtual reality that many experts expected.

  • While lockdowns may have provided the perfect environment to try VR, the tech is still trapped in what my Axios colleague Ina Fried called "the trough of disillusionment" — not good enough to meet the expectations of consumers raised watching "The Matrix."
  • Still, VR and AR wouldn't be the first technologies to initially fail to meet expectations before eventually changing the world when both the tech and the world were ultimately right for each other.

The bottom line: Both the path of technological development and the societal changes accelerated by the pandemic point toward a world where the virtual will make a desert of the real.

Go deeper: Hardware will determine virtual reality's future

Go deeper

Dunkin' Brands CFO: COVID-19 accelerated app usage, digital services

Kate Jaspon, the chief financial officer of Dunkin' Brands (right). Photo: Axios

About 20% of Dunkin' Brands' customer transactions are digital in some form, Kate Jaspon, the company's chief financial officer, said Tuesday during an Axios virtual event.

Why it matters: Many restaurants and fast-food chains have had to drastically change or speed up their investment in technology services to make orders hands-free, cashless and safer for customers and workers during the coronavirus pandemic.

Biden says he'll make Supreme Court pick by end of February

President Biden speaks on the retirement of Supreme Court Justice Stephen Breyer in the Roosevelt Room of the White House. Photo: Yuri Gripas/Abaca/Bloomberg via Getty Images

President Biden on Thursday said he will announce the nominee for Supreme Court Justice Stephen Breyer's replacement by the end of February.

Driving the news: Biden also affirmed that he will nominate a Black woman to replace Breyer, saying "it's long overdue."

Stephen Breyer formally announces retirement from Supreme Court

Photo: Andrew Harnik/AP

Justice Stephen Breyer on Thursday sent a letter to President Biden formally announcing his retirement from the Supreme Court.

State of play: Breyer said his retirement will take effect when the court "rises for the summer recess (typically late June or early July) assuming that by then my successor has been nominated and confirmed."