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Magic Leap Gets Half-billion Dollar Boost Ahead of Vision Pro Launch

Road to VR

Saudi Arabia has recently injected more than half a billion dollars into augmented reality company Magic Leap, which it hopes will rival Apple’s Vision Pro mixed reality headset. To boot, in mid-2020 Abovitz stepped down as CEO , bringing in Microsoft’s Executive VP of Business Development Peggy Johnson to fill the role.

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Magic Leap Teases Its Next-gen AR Headset for Enterprise

Road to VR

Magic Leap hasn’t come out with new hardware since it launched its seminal AR headset in 2018, Magic Leap 1. Now it seems we’re getting our first glimpse of what may very well be Magic Leap 2. Magic Leap CEO Peggy Johnson released a photo of the device via LinkedIn.

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Magic Leap is Giving Away More Hardware Soon, Dev Conference Coming to Florida HQ in May

Road to VR

Magic Leap recently announced some new programs that aim to get developers creating for the its AR headset, Magic Leap 1. The company additionally released dates for its developer conference, LEAP Developer Days, which will be held in May at Magic Leap’s headquarters in Florida.

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Magic Leap 2 Planned for Launch in 2021, Targeting Enterprise & Prosumers

Road to VR

Magic Leap’s next-gen AR headset, Magic Leap 2, is officially slated to launch sometime in 2021. Some of this likely comes as response to a damning report recently released by The Information that alleges the company only sold 6,000 Magic Leap One headsets in the first six months after launch.

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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. 120 Hz refresh rate.

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The Ghost Howls’s VR Week Peek (2019.12.16): Oculus Quest gets hand tracking, Magic Leap pivots towards enterprise and much more!

The Ghost Howls

Magic Leap pivots towards enterprise. At the same time, Magic Leap has also shipped a new runtime for its hardware , with the addition of new nice features like vocal commands. At the same time, Magic Leap has also shipped a new runtime for its hardware , with the addition of new nice features like vocal commands.

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Enterprise AR Trends for 2020 and Beyond

ARPost

AR Hardware Will Become Better, More Affordable and More Comfortable. As augmented reality is becoming more pervasive in all industries, hardware producers will come up with new, improved models of AR glasses. This is one of the enterprise AR trends that everyone will profit from.

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