[ad_1] Fading light: The story of Magic Leap’s lost mixed reality magnum opusAdi Robertson, The VergeLike a lot of companies this year, Magic Leap faced massive layoffs. The company was able to avoid those after it raised $350 million, but it did shift to e… [ad_2] Source link
Category: Magic Leap
US court rejects Magic Leap claim that Nreal founder stole mixed-reality secrets
[ad_1] Augmented-reality headset maker Magic Leap made a fairly serious accusation last year, when it claimed that former employee Chi Xu had used “stolen” company secrets to set up his own business, Nreal. The Beijing-based Nreal made waves at CES in 2019 with its $499 mixed reality glasses, which Magic Leap said were “strikingly similar” […]
Rony Abovitz confirms Magic Leap’s new funding, will step down as CEO
[ad_1] About a month after augmented reality company Magic Leap announced significant layoffs, things have seemingly turned around a bit. Last week we heard that many of the rumored 1,000 layoffs had been put on hold after the company secured $350 million in new funding, and today CEO Rony Abovitz confirmed it in a post, […]
After Math: Some good news for a change
[ad_1] Magic Leap Tech companies have been getting battered left and right by the economic downturn the COVID-19 pandemic has brought along in its wake. Magic Leap especially was hemorrhaging cash and was facing the prospect of laying off 1,000 of its workers. But thanks to a fortuitous and perfectly-timed investment infusion, the company is […]
Magic Leap raises $350 million and puts layoffs on hold
[ad_1] Magic Leap has been struggling for quite a while now, but the past year has been especially difficult due to poor sales and the coronavirus pandemic. Back in April, the company announced that it’s laying off employees at every level, and The Information reported that around 1,000 people would lose their jobs. Now, the […]
Magic Leap is reportedly trying to find a buyer
[ad_1] Facebook took a meeting with Magic Leap but reportedly isn’t interested in buying it right now, as the social network is still trying to make its Oculus investment work. Johnson & Johnson declined to comment. The company’s other investors include NTT Docomo, AT&T and investment funds in Saudi Arabia and Singapore. Led by CEO […]
A breath-sensing AR project helps visualize your impact on the world
[ad_1] To experience Breathe, you’ll need to strap on a Magic Leap AR headset, which is hooked up to a breath-detecting sensor. This is the first time such a biometric sensor has been connected to the Magic Leap, according to Breathe director Diego Galafassi. He told Engadget at a recent demo that the idea for […]
Magic Leap reportedly only sold 6,000 AR headsets in six months
[ad_1] While 6,000 is a modest sales figure by almost any metric, it’s made worse by Magic Leap’s initial targets. The Information writes CEO Rony Abovitz had told investors he hoped the company would sell “at least” 1 million units of the Magic Leap One in its first year of availability. Eventually, he was reportedly […]
Magic Leap’s Independent Creator Program delivers its first app
[ad_1] The game is a 3D jigsaw puzzle that sends players to world-famous monuments around the globe. Users watch landmarks, like the Statue of Liberty and the Taj Mahal, crumble. Then they must piece them back together. This is just the first of several games to come out of ICP, and Magic Leap says we […]
NBA’s Magic Leap app lets you watch basketball in augmented reality
[ad_1] The app includes team vs. team and player vs. player stats comparisons or highlights. It will even allows you to scale the screens to any size or move their location. Live games are only available on the app for NBA League Pass and NBA Single-Game subscribers. But an extra catalog of on-demand content is […]