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Scoperlys parent company is owned by SaudiArabias Public Investment Fund, meaning that Pokemon Go now belongs to the king of SaudiArabia. The approach chosen by Meta is similar to the one that Google promised to take with Android XR. This will let Google enrich its content library pretty fast.
According to AlMuawad, Midwam’s solutions were key to developing SaudiArabia 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.
To close 2022, Magic Leap’s leadership team underwent a major restructuring following a significant investment from SaudiArabia’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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