Magic Leap CEO Rony Abovitz to step down

2016 Wired Business Conference Photo by Brian Ach/Getty Images for Wired

Rony Abovitz, the co-founder and CEO of lavishly funded augmented reality company Magic Leap, will step down from his position, reports Business Insider. Abovitz’s planned departure, which doesn’t yet have a concrete date, marks an unceremonious end to his tenure at the helm of Magic Leap, a once-buzzy startup that earned a high profile for how secretive it was early on about its technology and the eye-popping amounts of venture capital it raised.

Magic Leap has so far raised about $3 billion dollars over the last decade, though it has only released one product, the Magic Leap 1 headset. The company raised $350 million of that funding just earlier this month, after laying off about 1,000 employees back in April and ditching its consumer...

Continue reading…

Comments

Post a Comment

Popular posts from this blog

Minneapolis hiring social media influencers for former police officers’ trials

Image
George Floyd died in police custody in May 2020 | Getty Minneapolis is hiring social media influencers to share “city-generated and approved messages” during the trials of four former city police officers charged in the May 2020 killing of George Floyd, according to the Minnesota Reformer . The Minneapolis city council approved the plan on Friday, which calls for six influencers to be paid about $2,000 each to spread the city’s messages with Black, Native American, Hmong, and Latino communities. The goal is to “address/dispel incorrect information” by using “trusted messengers,” part of a program the city refers to as its Joint Information System to share “timely and relevant information” with the public during the trials. “Through the Communications and Neighborhood and Community Relations... Continue reading…
Read more

L’Oreal’s newest gadget takes the mess out of coloring your hair

Image
The L’Oreal ColorSonic is meant to make at-home hair coloring more convenient. | Image: L’Oreal While you might not expect it, L’Oreal has been a regular at CES these past few years, launching everything from wearable UV and pH sensors to an AI-powered skin care gadget . This year, the company is back with yet another invention, the Colorsonic — a device meant to make dying your hair at home a hell of a lot more convenient. The Colorsonic doesn’t look too far off from other hair styling gadgets. The top half has a nozzle with bristles, while the bottom half stores a cartridge containing a “precise mix of developer and formula.” The device works by dispensing the correct amount of hair color and then the bristles oscillate over 300 times a minute at a specific angle to evenly apply the color. Basically, the idea behind the device is... Continue reading…
Read more

Samsung’s 2022 TV lineup has big software changes, smaller hardware upgrades

Image
Image: Samsung Samsung introduced its first TVs with Micro LED technology at CES 2021, and they wound up being perhaps the best sets that the company has produced yet — not counting the exorbitantly priced The Wall, that is. So this year, Samsung is opting for a different approach: it’s taking smaller strides in hardware and focusing more of its efforts on software refinement and new features. Samsung’s 2022 TVs will continue to run the company’s Tizen OS, but they’ll now come with a totally revamped home screen that’s described as “a testament to our vision for the future of TVs.” The first part of the new user experience is what Samsung calls the Media Screen. This will “put all of your streaming service content into one, easy-to-browse place” with... Continue reading…
Read more