Saudi PIF investing $400 mln in augmented reality startup Magic Leap

Thursday, 8 March 2018

Saudi Arabia’s Public Investment Fund (PIF) announced that it has participated in the Series D equity funding by Magic Leap, Inc. (Magic Leap), investing $400 million, joining a number of prominent global investors in the company.Magic Leap is developing world-leading technologies around head-mounted virtual retinal displays and expected to launch its first generation product in 2018.This investment forms part of PIF’s International Investments and is in line with PIF’s ...

Inspired by Pokemon Go, Facebook pushes augmented reality

Wednesday, 19 April 2017

Facebook Inc is trying to seize on the technology known as augmented reality, a mix of the real and digital worlds best known from the hit smartphone game Pokemon Go, Chief Executive Mark Zuckerberg said on Tuesday. Speaking at F8, the company’s annual conference for software developers, Zuckerberg said Facebook was an obvious hub for businesses to reach people and experiment with augmented reality, although he did not suggest the company was planning to make similar games itself. ...

Apple aims for more control, less cost as it accelerates in chip design

Wednesday, 5 April 2017

Apple Inc’s decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker’s determination to take greater control of the core technologies in its products - both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality. The strategy, analysts say, has already reduced Apple’s dependence on critical outside suppliers like ARM Holdings Plc, now owned by ...

How are we doing?

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed