Sources say Meta will invest billions in Magic Leap to develop new AR products

IT Home News on May 22, according to the Financial Times, Meta has negotiated a multi-year cooperation agreement with Magic Leap, a pioneer in AR technology. The two parties have reached a patent licensing cooperation and jointly developed the next generation of AR products.

▲ Source: Meta

Sources said that Meta and Magic Leap are not developing AR headsets, but Magic Leap provides technology licensing and some software and hardware. In return, Meta injects billions of dollars into Magic Leap. The cooperation between the two parties will last for several years. Year. Meta and Magic Leap have yet to respond to the Financial Times report.

Currently, Apple, Samsung, Sony, etc. have launched virtual reality headsets this year. According to previous reports from IT House, Apple’s first MR device cost as much as $1,600. According to industry experts, once Apple officially enters the virtual reality market, technological competition will become more intense. Analysts predict that Meta may launch new products in the second half of this year, which may include a smaller, easier-to-use AR headset.

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