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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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No-Code VR Training Backing Future of Turkish Healthcare, RoT Studios Says

XR Today - Virtual Reality

Countries such as Saudi Arabia and the United Arab Emirates have led the charge in adopting and developing immersive solutions. XR Today: How do the technological solutions from your XR partners (HTC VIVE, etc) enable your own solutions?

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My Professional Highlights of 2019

VirtualiTeach

With the help of the local HTC Vive team, who provided the hardware, I hosted a range of speakers, live TilT Brush demos from students and delivered a range of different presentations myself (at one point having to run to the main stage, speak, then run back to deliver a presentation on the VR stage minutes later!)

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

XR Today - Mixed Reality tag

Magic Leap has also secured roughly $590 million through Saudi Arabia’s sovereign wealth fund this year, launching the firm’s valuation to more than $4.5 This funding will support Magic Leap’s “Chapter 3” roadmap of delivering enterprise-grade XR solutions. .

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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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IGS 2022 Miami: XR Today Expert Round Table

XR Today - Mixed Reality tag

According to AlMuawad, Midwam’s solutions were key to developing Saudi Arabia as a strategic tech and metaverse incubator. ” Companies developing solutions similar to HTC VIVE’s lip-tracking tools would deepen immersion and lead to greater levels of realism for avatar development.

Miami 82
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Don’t miss out on this offer ? As low as $7,000 per unit!

Steki Amusement

Multiplayer Interactive Immersive Shooting Arena Multiplayer VR Shooting Arena for HTC VIVE, Virtual Reality Matrix Space, Implement 4VS4 battle mode, The world’s leading multiplayer online solution that can be commercialized and implemented! Doomsday/Eve theme, makes you feel like you are at the end of the world.