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The good news of the week is that I’ve been selected as one of the speakers at AWE USA 2020 ! Image by MagicLeap). MagicLeap is on sale. A report on Bloomberg informed us all that MagicLeap is exploring a sale of the company. If MagicLeap is suffering, its competitor nReal is instead thriving.
Per se, this is not a surprising news (all companies are working on next iterations of their devices), but what is surprising is the timing that the report suggests: a new Oculus Quest should have been announced at the end of 2020, but due to the coronavirus pandemic, it will come in 2021. Image by MagicLeap).
nReal has been sued by Epic Games for the name too similar to Unreal and by MagicLeap that claims that nReal CEO Chi Xu has stolen the technology of the American company while working there. No one from MagicLeap or nReal is authorized to talk about this topic, so I won’t address it here. Controller.
The strategic investments follow Librestream’s raise of $25M in venture investment in the fall of 2020. A Rec Room employee, Shawn Whiting, used the free social game’s download data to project Quest 2 sales could be as high as 3M since its October 2020 launch. Immerse 3D is available for smartphones, HoloLens, and MagicLeap.
Unreal Engine and Photoshop), as it happens in Google Docs when many people edit the same document at the same time. If the numbers are real, they are impressive: HoloLens 1 sold 50,000 headsets worldwide during its lifetime, MagicLeap has sold less than 10,000 glasses… and these companies had bigger funding than Nreal.
Some years ago, she performed in The Life, a Mixed Reality art piece inside the MagicLeap One. Star Wars: Galaxy’s Edge VR” is coming to Oculus Quest on November, 19th 2020. My friend Nicolas Esposito of Enter Reality has released Project Rigel, his solution to provide full-body tracking and motion capture for Unreal Engine.
Apple seems to be cornering the popular entertainment industry, with the acquisition of NextVR, as industry rivals such as MagicLeap focus on enterprise solutions. With the Starboard UI and Apple Glasses release anticipated for Q4 2020/Q1 2021, the world is eagerly awaiting the next generation of extended reality (XR) standards.
It isn’t alone, we know of many companies that are spending billions on same, including Microsoft, Google, Amazon, Sony, MagicLeap, Huawei, and others. You can see this in today’s AR products (and despite what Microsoft or MagicLeap call their devices, they really are augmented reality devices that you wear on your face).
We are not living in this future yet , but there is a strong case to be made that we are accelerating towards it, in 2020, faster than ever before. Devices such as the MagicLeap and the Hololens rely on Waveguide optics. So how did we get here anyway?
This gave Alan a chance to reflect on the investment landscape of 2020, and is joined by VP of Marketing Alex Colgan to discuss the new normal that COVID has ushered into the VC world. And then if you take things like Unreal Engine, they're doing concerts on their Fortnite platform. Their market caps over $3-billion right now.
This gave Alan a chance to reflect on the investment landscape of 2020, and is joined by VP of Marketing Alex Colgan to discuss the new normal that COVID has ushered into the VC world. And then if you take things like Unreal Engine, they're doing concerts on their Fortnite platform. Their market caps over $3-billion right now.
Ben Lang has written a very interesting editorial on the topic, and for instance, he imagines that this may mean that all Sony-owned game studios will all start using Unreal Engine as their game engine , unifying the production processes among them all. Peggy Johnson is the new CEO of MagicLeap. News worth a mention.
This gave Alan a chance to reflect on the investment landscape of 2020, and is joined by VP of Marketing Alex Colgan to discuss the new normal that COVID has ushered into the VC world. And then if you take things like Unreal Engine, they're doing concerts on their Fortnite platform. Their market caps over $3-billion right now.
Most people know Xu due to his dispute with American virtual reality company MagicLeap. In June 2019, MagicLeap accused Xu of stealing AR glasses technology when he was an engineer working at the firm. However, in June 2020, a U.S. federal court threw out the case as #MagicLeap failed to make any viable claim.
HTC had $210 million as the total revenue for 2020. Epic Games has sued Nreal because its name is too close to “Unreal”, which is its trademark. I have heard many people making confusion between “MagicLeap” and “Leap Motion”, but no one doing the same with Nreal and Unreal.
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