Extended reality company Magic Leap announced this week that it is abandoning the consumer market and laying off employees. According to Bloomberg, 1,000 employees are being let go, or about half the company’s workforce. The company had raised about $2.6 billion from investors for its mixed reality headset, promising aRead More →
Lucasfilm’s ILMxLAB has teamed up with secretive augmented reality startup Magic Leap to develop mixed reality content. To give a little taste of what it may look like, the companies released a video in which holograms of R2D2 and C3PO interact with one another and with real objects in a real living room. ReadRead More →
Florida-based virtual reality company Magic Leap has just raised another $800 million, the largest “C” investment round in Internet history, bringing its total valuation to $4.5 billion. This is not the same company as Leap Motion, which tracks hand gestures, and does have products already on the market. On InworldRead More →