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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

The extended reality (XR) training market has shown massive potential with the rise of generative, no-code tools. For firms requiring rapid, on-the-fly content production, no-code platforms are an essential tool. XR Today: How do the technological solutions from your XR partners (HTC VIVE, etc) enable your own solutions?

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IGS 2022 Miami: XR Today Expert Round Table

XR Today - Mixed Reality tag

Such tools needed a strong ROI to “compensate for those costs,” namely by reducing risks and creating on-demand training solutions. From a top-down perspective, technology firms needed to create “complex” systems for digital assets with “the geometry, rig, animation, shaders,” and other tools.

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