Magic Leap CEO Rony Abovitz confirmed he has raised a new round of funding, and he also said that he will step down as the augmented reality company’s top executive. In a statement, Abovitz confirmed rumors that the company had raised a last-minute round of funding, but he didn’t say …
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Magic Leap sent owners of its AR headsets a warning that they need to update their devices due to an issue related to the battery. Developers received the email Tuesday, April 28, less than a full week after massive layoffs on April 22 left the organization a fraction of its former …
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Magic Leap just announced its intention to focus on the enterprise market, after years of branding itself as a consumer device company. The corporate press release blamed COVID-19 for the required pivot, and nearly 1,000 employee have been laid-off; almost half its workforce. However, this shift toward the enterprise market is …
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