I CAME ACROSS AN ARTICLE RE A COMPANY CALLED MAGIC LEAP. I WILL POST PARTS OF THE ARTICLE, NOT TO RECOMMEND INVESTING IN IT BUT TO GIVE AN IDEA HOW THE VR MEDIA IS BURSTING OUT!! HUGE SUMS OF MONEY ARE BEING INVESTED BY MAJOR COMPANIES IN THE DEVELOPMENT OF THE HARDWARE NEEDED. AMAZING PRODUCTS ARE BEING DEVELOPED
MOST IMPORTANT RE IP, IS THAT , HOPEFULLY, OUR SOFTWARE PROGRAMS WILL BE READY FOR USE ON THIS HARDWARE!!
Heading-"Leap gets jump on VR’s next challenge with funding
JPMorgan fund leads $50m round for pioneer of hand-tracking technology
JULY 17, 2017
THERE IS SOMETHING special happening in a generic office park in an uninspiring suburb near Fort Lauderdale, Florida.
Virtual reality overlaid on the real world in this manner is called mixed reality, or MR. (The goggles are semitransparent, allowing you to see your actual surroundings.) It is more difficult to achieve than the classic fully immersive virtual reality, or VR, where all you see are synthetic images, and in many ways MR is the more powerful of the two technologies.
Magic Leap is not the only company creating mixed-reality technology, but right now the quality of its virtual visions exceeds all others. Because of this lead, money is pouring into this Florida office park. Google was one of the first to invest.
At the beginning of this year, the company completed what may be the largest C-round of financing in history: $793.5 million. To date, investors have funneled $1.4 billion into it.
That astounding sum is especially noteworthy because Magic Leap has not released a beta version of its product, not even to developers. Aside from potential investors and advisers, few people have been allowed to see the gear in action, and the combination of funding and mystery has fueled rampant curiosity. But to really understand what’s happening at Magic Leap, you need to also understand the tidal wave surging through the entire tech industry. All the major players—Facebook, Google, Apple, Amazon, Microsoft, Sony, Samsung—have whole groups dedicated to artificial reality, and they’re hiring more engineers daily. Facebook alone has over 400 people working on VR. Then there are some 230 other companies, such as Meta, the Void, Atheer, Lytro, and 8i, working furiously on hardware and content for this new platform. To fully appreciate Magic Leap’s gravitational pull, you really must see this emerging industry—every virtual-reality and mixed-reality headset, every VR camera technique, all the novel VR applications, beta-version VR games, every prototype VR social world."
Do your own DD but IP is a player!!
