Stealth mode augmented reality start-up project Magic Leap claims to have raised $542 million in Series B financing. Google and Qualcomm led the round of financing, indicating that both businesses see significant potential in the product to help drive more commercial uptake of augmented reality inspired technology. Other investors include film makers Legendary Entertainment, KKR, […]
South Korean telco and handset manufacturer, SK Telecom and Samsung respectively, have announced a joint memorandum of understanding (MOU) in a bid to advance 5G research and development. The agreement will centre on providing large-volume and high quality services on gigabit data rates, such as augmented reality (AR).
Facebook is set to acquire immersive virtual reality developer Oculus VR for around $2bn, as an investment for the future, when such technology is expected to become commonplace.