Saudi Arabia’s Public Investment Fund Takes Control of Magic Leap
XR Today - Augmented Reality tag
JANUARY 3, 2023
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). 120 Hz refresh rate. 260g headset weight.
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