Road to VR

JANUARY 3, 2023

Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million. Photo by Road to VR.

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Road to VR

JANUARY 18, 2024

Saudi Arabia has recently injected more than half a billion dollars into augmented reality company Magic Leap, which it hopes will rival Apple’s Vision Pro mixed reality headset. Will Magic Leap 2 be able to compete with Apple? It’s certainly worth watching.

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VRScout

JULY 12, 2022

The Magic Leap 2 will be available for purchase starting at $3,299 through select partners. American startup company Magic Leap has announced the official price and specs of the Magic Leap 2, its latest mixed reality headset designed for professionals and developers. Image Credit: Magic Leap.

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XR Today - Augmented Reality tag

JANUARY 3, 2023

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). 120 Hz refresh rate.

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The Ghost Howls

JANUARY 22, 2024

Also, the controllers seem well-shaped for use cases like prototyping and design. More info Hands-on sessions with Sony MR headset I have found two articles about journalists who have been able to go hands-on with the just-announced mixed reality headset by Sony dedicated to enterprise usage.

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XR Today - Mixed Reality tag

FEBRUARY 16, 2024

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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Upload VR

FEBRUARY 6, 2024

In fact, with Saudi Arabia still pouring $500 million into companies like Magic Leap as Meta continues to invest in optical AR glasses, the question of whether VR-style headsets with passthrough on them are going to be used outdoors in any significant way is not a forgone conclusion.

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