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Peggy Johnson, Microsoft’s Executive VP of Business Development, is slated to take the reins as the new CEO of Magic Leap, effective August 1st. Image courtesy Microsoft. At Microsoft Johnson oversaw strategic partnerships and transactions, as well as strategic investments through Microsoft’s corporate venture fund, M12.
.” Since it exited stealth in 2014, Magic Leap has released two AR headsets, Magic Leap 1 and Magic Leap 2, which have been compared in functionality to Microsoft’s HoloLens AR headsets. Its majority stakeholder is SaudiArabia’s state-owned sovereign wealth fund.
announced a partnership with AI Safer to enhance customer experiences for visitors to Saudi Arabian museums and tourist attractions. The region is undergoing SaudiArabia’s “Vision 2030 “, an initiative to boost its cultural and tourism sector. Today, ARway.ai
Magic Leap CEO Peggy Johnson took the stage at the Future Investment Initiative (FII) in Riyadh, SaudiArabia this past week to talk a bit about her time as the company’s new leader. Note : To increase the specs of all provided FOVs by 100 percent, the surface area would need to increase by four times, which is a tall order.
If you're unfamiliar, Magic Leap is an AR headset company, majority owned by SaudiArabia since last year. Of the big tech giants only Microsoft bet on transparent optics, and HoloLens 2 is now almost four years old. Magic Leap's technology is distinctly different from all three, using transparent AR optics instead.
There is even Microsoft Word! Twitter account M1Astra started sharing information about some of them, like an app about the Bible, a Lego building game, the J.Crew app to buy clothes in an immersive way, and so on.
USAF engineers used Microsoft’s mixed reality headset, the HoloLens 2, to conduct the field test. Also, SaudiArabia’s Air Force has received Red 6’s solution to empower its fighters with next-generation immersive trainer technologies. How do we help deployed forces stay mission ready?
These include Oracle Cloud, Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Platform (GCP). SaudiArabia, UAE Lead MENA Region in XR Telehealth The news comes as the Saudi and Dubai governments aim to cement positions as top tech hubs in the region and worldwide.
SaudiArabia-owned Magic Leap took $500+ million more from the "sovereign" investment arm of the state to continue developing its technologies for transparent optical AR. Microsoft formally killed its PC VR platform.
Microsoft and Zoom have also released their respective apps into the Vision Pro this week. Magic Leap has also secured roughly $590 million through SaudiArabia’s sovereign wealth fund this year, launching the firm’s valuation to more than $4.5 It’s still more or less the game of of Microsoft.
The headset’s starting price makes it clear that Magic Leap is positioning its latest headset as an alternative to Microsoft’s HoloLens 2; the $3,300 base price of Magic Leap 2 undercuts Microsoft’s offering by $200. The company expects the headset to launch in Japan and Singapore by the end of the year.
Top news of the week (Image by Niantic) Niantic is evaluating selling its gaming division According to a report from Bloomberg, Niantic is in talks with SaudiArabia-owned Scopely to sell its gaming division for $3.5 A new week, a new selection of XR news to read!
So shifting gears slightly, you know, and this is interesting, it’s in your book as well: A recent study commissioned by Microsoft in the Harvard Business Review showed that 87 per cent of correspondants that they interviewed are currently exploring, piloting, or deploying mixed reality in their company workflows. Alan: Incredible.
So shifting gears slightly, you know, and this is interesting, it’s in your book as well: A recent study commissioned by Microsoft in the Harvard Business Review showed that 87 per cent of correspondants that they interviewed are currently exploring, piloting, or deploying mixed reality in their company workflows. Alan: Incredible.
The Digit Group , a New York City-based firm, has developed smart city planning solutions and technological integrations, leading to the development of massive infrastructure projects like SaudiArabia’s NEOM megacity. For software, they were working with startup companies like Microsoft and Adobe.
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