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Saudi Arabia Gains Majority Stake in Magic Leap in $450M Deal

Road to VR

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. The investment puts the country’s ownership of Magic Leap over 50 percent, giving it overall majority control.

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Magic Leap to Launch in 19 Countries, Exec Says

XR Today - Mixed Reality tag

AR tech firm Magic Leap is set to launch in 19 countries across the world, Lisa Watts, Vice President of Product Marketing and Developer Programs for Magic Leap announced at the Immerse Global Summit (IGS) 2022 Europe on Madeira Island, Portugal. Magic Leap 2 stands on the shoulders of giants and the force.

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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

Doing that will disable the controllers, and you will be able to navigate in the menus just using your hands. Some developers have anyway already stated they plan to implement a controller-free interface in the next version of their applications. Magic Leap pivots towards enterprise. fast replacement of a broken unit).

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

The Ghost Howls

Vive Flow is a 6DOF headset that works with your Android phone as a 3DOF controller (hands tracking is coming in the future). Image by Magic Leap). Magic Leap 2 has been teased. The headset looks like an improved Magic Leap 1, lighted, slimmer and more elegant, and with a single cable on the back.

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Magic Leap’s LEAP Con 2018 round-up: all the major announcements in only one place

The Ghost Howls

Magic Leap has just organized its first developers’ event, dubbed “L.E.A.P.” It is the first event of this kind organized by Magic Leap: we can say that LEAP Con is like the Oculus Connect of Magic Leap and will probably become always more important, year after year, exactly as it has happened to Oculus.

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Norm Glasses Enter Expanding Market for Augmented Reality Eyewear

ARPost

There is now a growing market including Magic Leap , Epson, Nreal , ThirdEye , and now Norm. Magic Leap has some entertainment experiences, but the price and size make them more of a tool. a Fort Lauderdale, Florida-based startup dedicated to helping people with disabilities. So, where do Norm AR glasses fit in?

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Metaverse To Target 3 Key Destinations, Unity Says

XR Today - Mixed Reality tag

” Explaining further, the President of the VRARA Central Florida Chapter said, “Many of tomorrow’s concerts will sometimes be 100 percent digital experiences, where there is no real-world parallel” Digital twins also allowed users to try-on clothing with augmented reality (AR) technologies. .”

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