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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. Will Magic Leap 2 be able to compete with Apple? It’s certainly worth watching.

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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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AWE USA 2023 Day Two: More Keynotes, More Panels, and the Open Expo Floor

ARPost

AWE Day Two Keynotes Day One kickstarted the keynotes, but AWE Day Two saw exciting presentations and announcements from Magic Leap and Niantic. “The small team at Magic Leap has made something that many larger companies are still struggling to achieve.” And they’ve done it.

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Audi, Magic Leap Launch Activesphere Concept UI

XR Today - Augmented Reality tag

Audi Motors recently debuted its Activesphere concept car, which features Magic Leap’s augmented reality (AR) driving user interface (UI) technologies. With Magic Leap 2, Audi Dimensions delivered a novel UI creation to empower drivers while on the road.

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Highlighting the Top 3 XR Trends of 2023 [Insights From This Year’s AWE USA]

ARPost

The 2023 edition of AWE USA not only lived up to its reputation but also reached new heights, reportedly marking its largest event to date. It also comes with a tracked controller. See Also: Looking Forward to AWE Asia 2023 What also caught my eye was a noticeable reduction in locomotion solutions.

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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

Also, new more ergonomic controllers, that solve the flaws of the current design, will be part of the package. These controllers should be compatible with the current Quest. Image by Magic Leap). Magic Leap looks for a $100-million deal to save itself. Mechanical IPD is confirmed. adds many XR features.

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HTC Announces Inside-out Tracker for VR Accessories & Body Tracking

Road to VR

Combined with the user’s head and hands (which are already tracked by the headset and controllers), the trackers can be used to represent the user’s movements more fully—which allows people to do some pretty incredible things in VR.

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