article thumbnail

The Knight Foundation launches $750,000 initiative for immersive technology for the arts

TechCrunch VR

Knight Foundation is looking for pitches on how to enhance and augment traditional creative arts through immersive technologies. We’ve seen how immersive technologies can reach new audiences and engage existing audiences in new ways,” said Chris Barr, director for arts and technology innovation at Knight Foundation, in a statement.

article thumbnail

The XR Week Peek (2021.07.05): Facebook to have $6B of losses for the VR business, investments in XR are on the rise, and more!

The Ghost Howls

Microsoft too had to lose $10B to let Xbox enter the gaming console market and compete with PlayStation. District Court for the District of Columbia has dismissed both cases. Image by Microsoft). , and also why the $2+B investment in Magic Leap was not enough to bring it to success. Judge James E.