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Report: Meta in Talks with Magic Leap for Multiyear AR Headset Tech Deal

Road to VR

The AR unicorn is said to possess valuable IP regarding custom components, including its optics, waveguides, and software. Its majority stakeholder is Saudi Arabia’s state-owned sovereign wealth fund. It’s said a potential deal may also allow Meta to lessen its reliance on China for component manufacturing.

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RealWear Partners with ‘Video Enhancement Software’ Firm

XR Today - Augmented Reality tag

RealWear has strengthened a partnership with a video enhancement software firm to create new video solutions for frontline workers. Founded in 2007, Sweden-based Vidhance specialises in software that improves video quality in devices, including smartphones, AR wearables and small sensors.

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ARway to Capture Growing IPN Market with AR Solution

XR Today - Augmented Reality tag

ARway to Expand into Enterprise The news comes after ARWay announced that various enterprise end-users are adopting its AI-powered software as a service ( SaaS ) immersive product. ARWay has also partnered with leaders in Saudi Arabia to introduce its AR solutions to the region. With ARway V3.0,

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Magic Leap And Google Announce AR Partnership

Upload VR

Samsung is also building a headset with Google powering the software, but Samsung's device is expected to be a VR-style headset with passthrough cameras like Apple Vision Pro and Meta Quest 3. If you're unfamiliar, Magic Leap is an AR headset company, majority owned by Saudi Arabia since last year. Why Magic Leap?

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Saudi Arabia’s Public Investment Fund Takes Control of Magic Leap

XR Today - Augmented Reality tag

To close 2022, Magic Leap’s leadership team underwent a major restructuring following a significant investment from Saudi Arabia’s sovereign wealth fund. The augmented reality (AR) headset manufacturer gained $450 million from the Saudi Arabian Public Investment Fund (PIF).

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Spatial Navigation Solution Gains Various SaaS Deals

XR Today - Augmented Reality tag

AR-wayfinder service provider ARWay recently announced that various enterprise end-users are adopting its AI-powered software as a service (SaaS) immersive product. ARWay also partnered with leaders in Saudi Arabia to spread its AR solutions to the region.

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RealWear Unveil Thermal Imaging Smart Glasses at MWC ’24

XR Today - Augmented Reality tag

Last week, RealWear also announced an enhanced partnership with Vidhance, a video enhancement software firm, to develop new video solutions for frontline workers. Therefore, it is a popular choice in the oil and gas industry, with significant pre-orders coming from over a dozen countries, including Saudi Arabia.