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 …
Read More »Magic Leap warns users to update headsets over battery issue
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 …
Read More »Augmented reality hits economic reality in the case of Magic Leap
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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