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

The Ghost Howls

Image by HTC). HTC launches Vive Flow headset for relaxation, priced at $499. After endless teasings and leaks, in the end, HTC has finally unveiled its headset: called Vive Flow, it is a lightweight device for media consumption. Image by Magic Leap). Magic Leap 2 has been teased. Other relevant news.

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HTC reveals the $499 Vive Flow, a tiny VR headset with some big tradeoffs

TechCrunch VR

Today, HTC has revealed their latest consumer-focused headset, the $499 Vive Flow. HTC is embracing several hardware features designed around miniaturization that we haven’t seen in other headsets. The headset overall hosts a lightweight design more akin to the Magic Leap One than existing standalone headsets.

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What is the Influence of Major Corporations in XR and Spatial Computing?

XR Today - Mixed Reality tag

The Future of Magic Leap After Ross Rosenberg was appointed Magic Leap’s CEO in October 2023, the company has since focused on its enterprise roadmap for 2024; targeting its XR devices towards enterprise and industrial clients. Magic Leap started to understand that these walled gardens are not their future.

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The Next Frontier of XR Hardware

ARPost

Magic Leap 2 Magic Leap jumped the starting gun and played their cards early. The Magic Leap 2 was released in September last year with an entry price point of $3,299. HTC is doubling down on VR glasses for smaller experiences like in-car journey entertainment and movie watching through the VIVE Flow.

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The CES 2023 Immersive Tech Round-Up

XR Today - Mixed Reality tag

Somnium Space included various hardware considerations to power an MR headset that competes with major industry players like Meta, PICO, and HTC VIVE. The device also has an integrated 4K display, cloud-based VR content libraries, touch controls, and adjustable pupil distance features. HTC VIVE Announce Major Meta Quest Competitor.

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