Road to VR

JANUARY 3, 2023

Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million. It also owns Premier League football team Newcastle United and LIV Golf, a challenger to the PGA Tour.

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Saudi Arabia Magic Leap Florida America 291

Road to VR

MAY 22, 2023

The company has raised over $4 billion, with minority investors including Google, Alibaba, Qualcomm, AT&T, and Axel Springer. Its majority stakeholder is Saudi Arabia’s state-owned sovereign wealth fund.

Magic Leap 325

Magic Leap Saudi Arabia AR North America 325

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).

Magic Leap 101

Magic Leap Saudi Arabia Controllers United Kingdom 101

XR Today - Mixed Reality tag

JANUARY 31, 2023

These include Oracle Cloud, Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Platform (GCP). Saudi Arabia, UAE Lead MENA Region in XR Telehealth The news comes as the Saudi and Dubai governments aim to cement positions as top tech hubs in the region and worldwide.

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United Arab Emirates UAE Healthcare Saudi Arabia 106

XR for Business Podcast

MAY 13, 2019

There’s a whole range of services, and GPS is getting better now that it’s being married to computer vision, so you can get highly-localized Google directions – really accurate, down to a couple of feet. Is this a job for Google Glass? But in my opinion, I don’t think the killer app of virtual reality is games.

AR 78

AR Magic Leap Augmented Reality Course 78

XR for Business Podcast

MAY 13, 2019

There’s a whole range of services, and GPS is getting better now that it’s being married to computer vision, so you can get highly-localized Google directions – really accurate, down to a couple of feet. Is this a job for Google Glass? But in my opinion, I don’t think the killer app of virtual reality is games.

AR 78

AR Magic Leap Augmented Reality Course 78

XR Today - Mixed Reality tag

DECEMBER 14, 2022

Hosted by the Summit’s President and Founder Nathan Pettyjohn, Virtual and Augmented Reality Association’s (VRARA) Kris Kolo, and many others from the IGS and VRARA teams, the organisation’s latest iteration rallied some of the tech industry’s most prized companies, thought leaders, and experts.

Miami 81

Miami Industry Training Technology 81