Read more about the article Magic Leap Lays Off Sales & Marketing Amid Report of “last ditch” Pivot to License AR Optics

Magic Leap Lays Off Sales & Marketing Amid Report of “last ditch” Pivot to License AR Optics

Storied AR headset unicorn Magic Leap has laid off its entire sales and marketing departments, making for around 75 jobs cut from its rolls. Initially the focus of a Bloomberg report, Magic…

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Read more about the article Saudi Arabia Gains Majority Stake in Magic Leap in $450M Deal

Saudi Arabia Gains Majority Stake in Magic Leap in $450M Deal

Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million. Citing…

Continue ReadingSaudi Arabia Gains Majority Stake in Magic Leap in $450M Deal