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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. Head pose and eye-tracking.

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The XR Week Peek (2020.05.11): new Quest is in the works, Magic Leap may pivot to healthcare, and more!

The Ghost Howls

Per se, this is not a surprising news (all companies are working on next iterations of their devices), but what is surprising is the timing that the report suggests: a new Oculus Quest should have been announced at the end of 2020, but due to the coronavirus pandemic, it will come in 2021. Or eye tracking?).

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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

Facebook has not done well in the past in guaranteeing user privacy and I’m afraid of what it can do with my data, especially when in the future there will be eye tracking, emotion tracking and such. Magic Leap pivots towards enterprise. I hope for Magic Leap that the next device, Magic Leap 2, will be better.

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The Ghost Howls’s VR Week Peek (2019.11.18): Magic Leap may be in trouble, Carmack leaving Oculus and much more!

The Ghost Howls

Image by Magic Leap). Is Magic Leap in trouble? The Magic Leap could become a tragic leap , using some words from Palmer Luckey. In the meantime, the competition of Chinese companies like nReal is threatening even more the appeal of Magic Leap. Top news of the week.

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The XR Week Peek (2021.10.19): HTC launches Vive Flow, Magic Leap 2 announced, and more!

The Ghost Howls

A piece of very interesting news about this headset, which has been reported by few people, is that the Chinese company 7Invensun has already developed an eye-tracking module for it, making Vive Flow even more interesting for enterprise uses. Image by Magic Leap). Magic Leap 2 has been teased.

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The XR Week Peek (2021.04.26): Magic Leap 2 coming in 2022, Quest gets Air Link and new Avatars, and more!

The Ghost Howls

Image by Magic Leap). Magic Leap 2 is coming in Q1 2022. Even if most of this roundup will be about Oculus, I have decided to put another brand on top of it and it is Magic Leap. It will be released to selected partners in Q4 2021 and to the general public in Q1 2022. Top news of the week.

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The XR Week Peek (2022.01.31): Meta builds a new AI supercomputer, Magic Leap 2 details unveiled, and more!

The Ghost Howls

Image by Magic Leap). Magic Leap 2 to feature dynamic dimming. At Photonics West, Magic Leap’s VP of Optical Engineering Kevin Curtis has revealed some new interesting details on the upcoming Magic Leap 2. To be exact, the eye box is twice as large as the one in Magic Leap One.