magic leap Former Microsoft Executive Peggy Johnson Takes Helm of Struggling Magic Leap Magic Leap names former Microsoft business development chief Peggy Johnson as its new CEO following a brutal restructuring and massive funding round. The leadership change marks a strategic pivot toward enterprise customers as the company attempts to recover from near-bankruptcy.
magic leap Former Microsoft Executive Peggy Johnson Takes Over as Magic Leap CEO Augmented reality startup Magic Leap names former Microsoft business development chief Peggy Johnson as its new CEO. Johnson steps in to lead the company following founder Rony Abovitz's departure and a recent major restructuring.
magic leap Magic Leap Halves Workforce, Abandons Consumer AR Market Augmented reality startup Magic Leap lays off approximately 1,000 employees and abandons its consumer focus to concentrate entirely on enterprise customers amid the COVID-19 pandemic.
google maps Google Maps Turns 15 as CEO Pichai Highlights AI Integration Alphabet CEO Sundar Pichai discusses how Google Maps serves as a testing ground for the company's AI-first approach as the navigation app celebrates its 15th anniversary with a global update. He also addresses ongoing regulatory scrutiny regarding Google's advertising dominance.
mojo vision Startup Unveils Working Augmented Reality Display Inside a Contact Lens Mojo Vision reveals a functioning augmented reality contact lens featuring a tiny 14K resolution display. The device represents a major leap toward putting digital interfaces directly onto the human eye.
mojo vision Mojo Vision Promises AR Contact Lenses Despite Remaining Hurdles Mojo Vision demonstrates impressive augmented reality capabilities for its smart contact lenses at CES, though the technology remains far from a finished consumer product. The company plans to initially launch the device as an FDA-recognized medical tool.
augmented reality Augmented Reality Startups Struggle and Shut Down Amid High Costs The augmented reality startup space faces a harsh reality in 2019 as several high-profile companies collapse due to high burn rates and lack of focus.
facebook Facebook Portal Devices Drop Account Requirement, Add Streaming Apps Facebook's Portal smart displays now allow users to log in with just a WhatsApp account, removing the need for a Facebook profile. The devices also gain new streaming services, business tools, and augmented reality features to boost sluggish sales.
magic leap Magic Leap Sells Only 6,000 AR Headsets Amid Financial Struggles Magic Leap reportedly sells just 6,000 units of its $2,300 augmented reality headset in six months, falling far short of initial projections. The disappointing sales force the startup to implement cost-cutting measures and lay off dozens of workers.
magic leap Magic Leap Sells Only 6,000 Headsets Despite Billions in Funding A new report reveals that Magic Leap sells just 6,000 units of its pricey augmented reality headset in its first six months. This disappointing figure falls drastically short of internal expectations and raises serious doubts about the company's future.
niantic Niantic Partners With Qualcomm to Build 5G Augmented Reality Glasses Pokémon GO creator Niantic teams up with Qualcomm to develop AR glasses powered by the new XR2 chipset. The collaboration aims to overcome current smartphone limitations by optimizing Niantic's Real World Platform for dedicated wearable hardware.
google Google Ends Daydream VR Platform Due to Low Adoption Google officially discontinues its Daydream VR headset and drops platform support for the Pixel 4. The tech giant now shifts its focus toward augmented reality experiences instead.
facebook Facebook Acquires Neural Wristband Startup Ctrl-labs for $1 Billion Facebook buys Ctrl-labs, a startup building a wristband that translates neuromuscular signals into digital commands, to boost its augmented and virtual reality efforts. The deal reportedly costs around $1 billion and brings the team into Facebook Reality Labs.
augmented reality Heavily Funded Enterprise AR Startup Daqri Shuts Down After Raising $275 Million Daqri, a nearly ten-year-old augmented reality headset startup, closes its headquarters and sells off its assets as the investment climate for enterprise AR cools. The company's collapse follows similar shutdowns for other well-funded AR hardware pioneers like Meta and ODG.
daqri Well-Funded AR Startup DAQRI Closes Doors After $275 Million Raised DAQRI is shutting down its industrial wearables business and winding down the company despite raising $275 million in funding. The Los Angeles-based firm joins a growing list of enterprise AR headset makers that have recently failed.