Magic Leap, a startup focused on augmented reality technology, wants to create "an operating system for reality," according to CEO Rony Abovitz, who said the firm is developing an eyeglasses-like device, which will project virtual images over a real-life setting.
Qualcomm said it will sell its Vuforia augmented reality business to software firm PTC for $65 million. The terms of the transaction were confirmed by a Qualcomm spokesperson, and Qualcomm said it expects the deal to close by the end of 2015.
According to a report from Re/code citing unnamed sources, Qualcomm has put its augmented reality business, Vuforia, up for sale. The reported move comes just a few months after the company agreed to cut $1.4 billion in costs, slash up to 15 percent of its workforce, change some of its corporate practices and review whether to split up its chipset and licensing units.
Intel wants the world to know it is excited about what developers can do to bring its chipsets and technologies into more devices than just PCs, as the company expands into the Internet of Things and partners with other major technology companies.
Set aside those ideas about an antiquanted U.S. Postal Service. The USPS Office of Inspector General is eyeing augmented reality to drive down costs and improve efficiencies.
Magic Leap, a startup focused on augmented reality technology, said it raised $542 million in funding from Google, Qualcomm and other venture capital investors. The company plans to use the funds to speed up the development of its products, develop software and content elements and commercialize its wearable computing system.
Los Angeles-based startup Daqri is touting a high-tech helmet for blue-collar workers that combines augmented reality and 4D. The helmet, which will begin shipping next month, includes cameras, a sensor package, native augmented reality software and Daqri's Intellitrack system that leverages precise display and tracking features.
Google plans to produce about 4,000 prototype tablets with advanced computer vision capabilities as part of its Project Tango initiative, according to a Wall Street Journal report.
Google aims to have the first smartphone designed as part of its Project Ara modular smartphone program on sale in January 2015. The so-called "gray phone" will cost around $50 to make and will be an entry-level phone, with prices determined by commerce partners.
Broadband subscribers may be able to find Wi-Fi hotspots with an "augmented reality" application that combines images captured from mobile devices with data detailing the strength of Wi-Fi access points, 4G networks and other wireless signals, according to a recent CableLabs patent application.