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SaudiArabia 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. The investment puts the country’s ownership of Magic Leap over 50 percent, giving it overall majority control.
Everyone's Pokdex in Pokmon Go is now effectively owned by the king of SaudiArabia. Savvy is wholly owned by SaudiArabia's Public Investment Fund and they bought Scopely for $4.9 Historically, hardware manufacturer Magic Leap was dismissed by some after it took SaudiArabia's investment.
SaudiArabia Step into the rich history of Fort Masmak and the stunning architecture of Al Rajhi Mosque. Niagara Falls Experience the power of the falls from both the American and Canadian sides. New York City Tour famous landmarks including the Statue of Liberty, Times Square, Central Park, and the Brooklyn Bridge.
Midwam, a startup company from SaudiArabia, joined the Immerse Global Summit (IGS) 2022 Europe on Thursday to discuss how the Middle Eastern nation facilitated digital storytelling by tapping innovative, immersive technologies. Khalid al-Muawad, Chief Experience Officer at Midwam.
As a part of the deal, the SaudiArabia-owned mobile game developer Scopely is taking over many of Niantic’s most well-known titles, including Pokmon GO , Pikmin Bloom , and Monster Hunter Now.Original development teams attached to those games will also transition to Scopely, the companies say in a statement.
SaudiArabia 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.
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
The obnoxiously affluent SaudiArabia is trying to prove that maybe money can buy everything after all, pouring $1 billion a year into researching ways to slow down the effects of aging. The gulf state’s royal family started a non-profit organization that would grant funds to scientists to understand the underlying… Read more.
Calling all ladies: SaudiArabia wants you to work to develop some special forms of energy, just for girls. Saudi Energy Minister Abdulaziz bin Salman made comments last week about the country’s supposed clean energy strides that also promote gender equality. That right, gals. We’re talking about pink hydrogen. Read more.
SaudiArabia has utilized its Public Investment Fund to invest over $3.3 billion (that’s $3,300,000,000 for the more visual learners out there) in Electronic Arts, Take-Two Interactive, and Activision Blizzard, Al Jazeera reported (h/t Eurogamer ). Read more.
Its majority stakeholder is SaudiArabia’s state-owned sovereign wealth fund. .” 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.
It’s not clear how many regions this is available in, but beyond the US we’ve also spotted the deal on Amazon in Australia, Mexico, Singapore, SaudiArabia, and United Arab Emirates. Oculus Quest 2 (256GB) ‘Renewed Premium’ – $350 (13% discount). Image courtesy Facebook.
A recent $350 million funding round has ensured the company more runway as it no doubt strives to justify its already massive $3 billion funding, which has arrived from sources including Google, Alibaba, Qualcomm, AT&T, SaudiArabia’s Public Investment Fund, and Axel Springer. Image courtesy Microsoft.
SaudiArabia is developing a new city, 150-stories tall and built from scratch, that will serve as a semi-enclosed environment where people can live and work without ever stepping foot outside. And while the promotional videos released Monday are likely an attempt to give the development a utopian feel that recalls so… Read more.
Oil-producing heavyweight SaudiArabia recently unveiled a new tactic: making oil rigs look cool. It seems that the world’s largest oil producing countries will stop at nothing to keep drilling, despite the fact that doing so aggravates climate change and its devastating effects. Read more.
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.
The well-funded company, which has amassed $4 billion in funds to date, has recently taken on $450 million from SaudiArabia’s sovereign wealth fund , giving the country a majority share in the US-based augmented reality company. It has since released Magic Leap 2 , which is largely targeted at enterprise.
In late 2022, SaudiArabia’s Public Investment Fund became majority stakeholder after injecting $450 million into the company. The company released Magic Leap 2 in late 2020 solely targeted at enterprise. The company has amassed nearly $4.5
Live Garment Transfer” Lenses also allow AR try-ons of the official team kit for five teams – USMNT, France, SaudiArabia, Belgium, and Qatar. There are also new World Cup-themed Cameos that help to put you in the action as well. Other Experiences Across the Snap Universe.
The post Magic Leap Raises $461M in New Funding Led by SaudiArabia’s Investment Arm appeared first on Road to VR. .” Magic Leap says they’re on track to release Magic Leap One sometime in 2018 , the company’s AR headset unveiled in December last year.
It turns out that the government of SaudiArabia has managed to do something last month's Game Developers Conference couldn't — give us a few new glimpses of the Magic Leap One being worn by someone other than Shaq.
With Lens Studios 2.1, So far, creators have used Landmarkers to cover NYC’s Flatiron Building in an enormous pepperoni pizza, turn LA’s Chinese Theater into a junk food paradise, and bring Paris’ Eiffel Tower to life as a wiggling cartoon character who vomits rainbows.
The VR app is said hit the respective app stores closer to the first match, which starts on June 14th with the Russia vs. SaudiArabia match to kick it off. . “Users will be transported to a fully immersive stadium experience, through headsets, as if they are sitting in their own hospitality box,” reports BBC Sports.
Scoperlys parent company is owned by SaudiArabias Public Investment Fund, meaning that Pokemon Go now belongs to the king of SaudiArabia. Niantic will now focus all its efforts on its geospatial tech , which mixes AI, AR, spatial intelligence, and geolocation.
The company’s penultimate investment round netted the AR startup $461 million in March 2018, led by SaudiArabia’s sovereign investment arm. With Docomo’s $280 million investment, Magic Leap’s total investment comes to a cool $2.6 billion, according to Crunchbase.
Speaking at the Future Investment Initiative conference in Riyadh, SaudiArabia on Thursday, Magic Leap's chief product officer, Omar Khan, revealed that the Magicverse SDK 1.0 release is scheduled to drop in the first quarter of 2020. Don't Miss: The Future of the AR Cloud — a Thousand Walled Gardens Bloom A slide.
Scientists investigating a dried-up lava tube in northwestern SaudiArabia were stunned to find a huge assemblage of bones belonging to horses, asses, and even humans. It was a feast to last a lifetime, and then many lifetimes after that, and the researchers who excavated the site believe they know the identity of the… Read more.
Since its founding in 2011, Magic Leap has amassed over $3 billion in capital from investors such as Google, SaudiArabia’s Venture Capital Fund, Alibaba, and Axel Springer, making it one of the most well-funded startups in tech history.
Archaeologists in SaudiArabia have discovered seven well-preserved footprints belonging to humans. Dated to around 120,000 years ago, these appear to be the oldest evidence of our species in the region. Read more.
Want to watch the SaudiArabia GP later today? Here's how to watch the free SaudiArabia GP live stream from anywhere. The race starts at 1 PM ET/10 AM PT.
SaudiArabia to Boost Tourism Sector The news comes after ARWay partnered with leaders in SaudiArabia to spread its AR solutions to the region. The Agency of Record for The Royal Institute of Traditional Arts in SaudiArabia owns AI Safer, and the sub-division plans to use ARways technology for visitors by March 2024.
Internet service in Yemen has been taken completely offline after an airstrike by military forces led by SaudiArabia on a telecommunications building early Friday, according to the web monitoring group NetBlocks. Read more.
Countries such as SaudiArabia and the United Arab Emirates have led the charge in adopting and developing immersive solutions. Turkey’s growing immersive technology community has led to a rise in virtual, augmented, and mixed reality (VR/AR/MR) solutions.
The initial release on Omni One includes several locations ranging from the Grand Canyon, Niagara Falls from both the US and Canadian side, various landmarks across New York City, and SaudiArabia with Fort Masmak. While Virtuix describes it as a treadmill, this isn't completely accurate.
Oil-producing heavyweights like Russia and SaudiArabia will not go quietly into the night. This week, ministers from those and other countries slammed the latest report from the International Energy Agency calling for all new oil and gas development to stop by next year, using some pretty heated (and funny) rhetoric. Read more.
This week, AR headset vendor Magic Leap secured roughly $590 million via SaudiArabia’s sovereign wealth fund, following the region becoming the firm’s majority owner in 2022. The SaudiArabia funding has launched Magic Leap’s valuation to more than $4.5
An Egyptian TikToker living in SaudiArabia was arrested this week by capital police in Riyadh, who claimed she made sexually suggestive comments to another woman in a live video and accused her of negatively affecting public morality. Read more.
This collaboration sets an ambitious agenda to transform education across the United Arab Emirates, SaudiArabia, and Qatar, utilizing cutting-edge Extended Reality (XR) and Spatial AI technologies to enhance teaching and learning experiences.
A former Twitter employee was convicted on six of his original 11 counts of operating as an agent for SaudiArabia. What does it cost to sell out and hand over the private information of the critics for a despotic regime? Apparently $300,000 and a nice watch. The verdict came down late Tuesday, and all that’s left is… Read more.
ARWay has also partnered with leaders in SaudiArabia to introduce its AR solutions to the region. The Agency of Record for The Royal Institute of Traditional Arts in SaudiArabia owns AI Safer, and the sub-division plans to use ARway’s technology for visitors by March 2024.
If you're unfamiliar, Magic Leap is an AR headset company, majority owned by SaudiArabia since last year. Magic Leap's technology is distinctly different from all three, using transparent AR optics instead. Why Magic Leap? In 2018 it launched the first transparent AR headset marketed and sold to consumers.
ARWay also partnered with leaders in SaudiArabia to spread its AR solutions to the region. The Agency of Record for The Royal Institute of Traditional Arts in SaudiArabia owns AI Safer, and the sub-division plans to use ARway’s technology for visitors by March 2024.
The Agency of Record for The Royal Institute of Traditional Arts in SaudiArabia owns AI Safer and plans to utilize the technology for visitors by March 2024. The innovative service from ARway.ai enables clients to create customized immersive wayfinding visuals that assist visitors in navigating spaces using their phone cameras.
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