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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 augmented reality (AR) headset manufacturer gained $450 million from the Saudi Arabian Public Investment Fund (PIF).

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The XR Week Peek (2023.01.02): HTC’s new headset is the Vive XR Elite, Meta buys Luxecel, and much more!

The Ghost Howls

Image by HTC Vive). HTC’s new headset may be called Vive XR Elite. Thanks to the support of the community member Inscothen, I have discovered that the Korean website of HTC may have leaked the info about the upcoming headset that the company should unveil at this CES. Saudi Arabia fund gets control of Magic Leap.

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Owatch Virtual Reality: Canton Tower XR Rides Cinema is located in Guangzhou, China

Steki Amusement

Owatch is one of the leading manufacturers of professional virtual reality game consoles in China. It is the first batch of high-tech enterprises in China that develop and produce technologies such as 5D/7D Motion Cinema, VR (virtual reality), AR (augmented reality), and interactive somatosensory.

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IGS 2022 Miami: XR Today Expert Round Table

XR Today - Mixed Reality tag

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