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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 investment by Saudi’s PIF division allows the region to own over 50 percent of Magic Leap’s ownership stake. A 16GB computing pack.

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Celebrating the 2023 Auggie Awards and XR Prize Challenge

ARPost

The Auggie Awards have been recognizing XR since 2010.” The group won over Mutienliao , Oregon Shakespeare Festival , and Ferryman Collective. This is something we’ve been working on for a long time,” HTC China President Alvin Graylin said in accepting the award. We’re just so happy. We’re so excited to be recognized here.”

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Wearable and Immersive Tech and the Female Workforce

EnterpriseWear

In the three to four years since the release of Oculus Rift and HTC Vive, the number of VR headsets available on the market has grown. In other words, we’re dealing with advanced optic technologies, yet the two major groups of potential XR users don’t even perceive distance and space in the same way.

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Top 50 Asian Virtual Reality-Augmented Reality Leaders,Evangelists, Investors & Influencers

XROM

Most people know Xu due to his dispute with American virtual reality company Magic Leap. In June 2019, Magic Leap accused Xu of stealing AR glasses technology when he was an engineer working at the firm. The company was later acquired by Google in 2010. However, in June 2020, a U.S. 7- Alvin Graylin.