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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

Creating a successful hardware and software ecosystem may require losses in the dozens of billions of dollars. 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).

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

TechCrunch VR

Through a partnership with Microsoft the foundation is offering a share of a $750,00 pool of cash and the option of technical support from Microsoft, including mentoring in mixed-reality technologies and access to the company’s suite of mixed reality technologies. . Project lead: Nicole Keating | Miami | @ArshtCenter.