The Limited Times

Now you can see non-English news...

Augmented reality: MagicLeap seeks to sell ... for $ 10 billion

2020-03-12T16:40:31.814Z


The start-up, a pioneer in the field of augmented reality, is said to be in talks with various groups, including Facebook.


Tech nugget or real smoke screen? Magic Leap has already caused a lot of ink to flow and has raised a lot of money, more than $ 2.5 billion. His augmented reality glasses capsized the hearts of many investors, including that of the Japanese NTT Docomo, the last to invest $ 280 million in the adventure. He had joined other prestigious names, such as Google, in his capital. Today, the beauty would be on sale for $ 10 billion, according to Bloomberg. The amount can leave one wondering given the results obtained by the company. She launched only one product, the Magic Leap One, augmented reality glasses. The wait generated was equaled only by the disappointment of the first testers. The product was expensive - $ 2,600 - and the result was not that breathtaking. Some have criticized the field of vision, others the colors. In short, nothing so extraordinary.

Frontier between the real world and the Internet

What would then push Facebook to write a check for 10 billion dollars for this technology, knowing that for the moment, the group has confirmed or denied nothing? This would not be Mark Zuckerberg's first foray into the field of augmented or virtual reality. In 2014, he had already got hold of Oculus VR for $ 2 billion. Since then, technology has advanced and prices for start-ups have soared. Facebook does not hide its interest in augmented reality, which opens up new possibilities, particularly in terms of advertising. He is not alone in exploring this area. Snap, the parent company of Snapchat, also has its own glasses. Evan Siegel sees it as a way to blur the boundaries between the real world and the Internet.

Source: lefigaro

All news articles on 2020-03-12

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.