Thursday, June 13, 2024

Meta reportedly wants to license Magic Leap’s AR technology

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Meta might flip to Magic Leap for assist to remain forward of Apple and different new entrants within the soon-to-be crowded AR area. In response to the , the 2 firms are in talks to signal a multi-year IP licensing and manufacturing pact. Particulars on the negotiations are few, however based on the outlet’s sources, a possible partnership will not be anticipated to provide a collectively developed headset. As an alternative, a deal might see Magic Leap present Meta with entry to a few of its optical tech. The partnership might additionally see the startup help with manufacturing Meta gadgets, thereby permitting the tech large to provide extra of its VR headsets domestically at a time when there’s extra strain for US firms to reduce their dependence on China.

Meta didn’t instantly reply to Engadget’s remark request. Magic Leap informed the Monetary Instances partnerships had been changing into a “important line of enterprise and rising alternative for Magic Leap.” Moreover, in a weblog submit titled “,” CEO Peggy Johnson stated late final 12 months the corporate had “acquired an unimaginable quantity of curiosity from throughout the business to license our IP and make the most of our patented manufacturing course of to provide optics for others searching for to launch their very own mixed-reality know-how.”

The timing of the report is notable for a few causes. Meta is underneath strain from traders to indicate one thing for all the cash it has spent pursuing CEO Mark Zuckerberg’s imaginative and prescient for the way forward for computing. The corporate doesn’t anticipate to make a revenue from all of its metaverse initiatives for one more few years. On the similar time, it’s on its Actuality Labs division. Individually, Apple is extensively anticipated to enter the AR headset market subsequent month when the corporate holds its WWDC developer convention.

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