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Comment on Alibaba To Invest In Secretive Google-Backed AR Company Magic Leap by Alibaba Joins China’s Virtual Reality Race With New Research Lab | Business Brain Food
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Comments for TechNode
Magic Leap, the Florida-based augmented reality company that landed half-a-billion USD in funding from Google last year, is now reportedly in talks with Alibaba to seal its next round of funding.
Magic Leap has attracted a lot of attention for its secretive product development and eccentric CEO.
The Chinese tech company has been expanding rapidly into entertainment following the establishment of Alibaba technologies earlier this year.
Alibaba appears to be following the lead of other global tech giants looking to cash in on the next generation of AR and VR tech.
Here’s look at the Magic Leap demo they released during the WSJ Live conference, showing an animated android hiding under a desk and a 3D representation of the solar system floating in an office space:
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