meta company* and Magic Leap are currently in negotiations to enter into a multi-year intellectual property license and manufacturing agreement. learned about it edition of the Financial Times. Details of the talks are scarce, but the possible partnership does not include a jointly developed headset. Instead, Magic Leap can provide meta* Access to some optical technologies. Together, companies will be able to better hold their own against competitors that will soon include Apple.
Image Credit: Magic Leap
Florida-based startup Magic Leap develops technologies and components for VR and AR headsets, including advanced lenses and special software, which are essential technologies for the metaverse. Magic Leap is one of the most successful AR startups with $3.5 billion in funding from the likes of Google and Alibaba. Magic Leap has manufacturing facilities in Mexico capable of producing tens of thousands of augmented reality headsets annually. As part of the partnership, Magic Leap can also assist in the production of meta-devices.*This allows the tech giant to produce more VR headsets in North America, in line with US companies’ push to reduce their dependence on China.
In the meta* did not comment on the FT message, nor did Magic Leap confirm that such negotiations were ongoing. However, Magic Leap said the partnership will “significant business and growing opportunity for Magic Leap“. Also in blog Peggy Johnson, the company’s CEO, said late last year that the company “We have received incredible interest from across the industry to license our intellectual property and use our proprietary manufacturing process to create optics for other companies looking to bring their own mixed reality technologies to market“.
Currently meta* is under pressure from investors to have something to show for all the money it’s spent making the metaverse a reality, the idea that CEO Mark Zuckerberg has fueled. The company doesn’t expect to turn a profit on all of its Metaverse-related projects for several years, yet it still spends about $10 billion annually on its VR division, Reality Labs.
* It is included in the list of public associations and religious organizations for which the court made a final decision to liquidate or ban activities on the grounds provided for in Federal Law No. 114-FZ of July 25, 2002 “On Combating Extremists”. has met activity”.
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