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MTBS3D The VR Awards will be held on Friday November 28th inside @Riftmax! http://t.co/jMkdDmfnOe Cast your vote here: http://t.co/6zZs2Eys4N #VR
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The quest to put more reality in virtual reality


By Tom Simonite

Philip Rosedale is telling me about his new company, but I can’t stop myself from looking down at my hands. With palms up, I watch with fascination as I slowly wiggle my fingers and form the “OK” sign. I curl my hands into fists as I reach my arms out in front. They look pinker than normal but work as usual. When I look back up at Rosedale, he’s wearing a smile, and his eyebrows rise slightly. “Isn’t it cool?” he says. In my right ear, I hear a quiet chuckle from one of his colleagues, Ryan Karpf, standing just outside my vision.

Read the whole story here.
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Magic Leap Raises $542 Million in Series B Funding

Funds to Accelerate Development and Commercialization of The World's Next Visual Computing Platform

Google Leads Series B Investment in Magic Leap


DANIA BEACH, Fla., Oct. 21, 2014 /PRNewswire/ -- Magic Leap, Inc. ("Magic Leap") announced today that it has completed a $542 million Series B financing.  The company will use the proceeds to accelerate product development, release software development tools, expand its content ecosystem, and commercialize its proprietary mobile wearable system.

The financing was led by Google Inc., with participation from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, Legendary Entertainment, including a personal investment from CEO Thomas Tull, KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Obvious Ventures, and other investors.

Sundar Pichai, SVP of Android, Chrome and Apps at Google Inc., will join Magic Leap's board of directors. Dr. Paul E. Jacobs, Executive Chairman of Qualcomm Incorporated and Don Harrison, Vice-President, Corporate Development at Google Inc. will join the board of directors of Magic Leap as observers.

"We are excited and honored to have such an extraordinary group of investors to help us bring our vision and products to the world," said Rony Abovitz, president, CEO and founder, Magic Leap, Inc.  "Magic Leap is going beyond the current perception of mobile computing, augmented reality, and virtual reality. We are transcending all three, and will revolutionize the way people communicate, purchase, learn, share and play." 

Sundar Pichai , SVP at Google remarked, "We are looking forward to Magic Leap's next stage of growth, and to seeing how it will shape the future of visual computing."

Allen & Company LLC and Morgan Stanley & Co. LLC served as financial advisors to Magic Leap in connection with the transaction.

About Magic Leap, Inc. 
Magic Leap, Inc. was founded in 2011 by Rony Abovitz and his band of modern wizards. It is headquartered in Florida with locations in Santa Cruz, Los Angeles, Mountain View, Seattle, Austin, and New Zealand.


To learn more, please visit www.magicleap.com

SOURCE Magic Leap, Inc.


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How artificial intelligence and augmented reality will change the way you work


New innovations will make work life simpler and more focused, but will they trivialise the human touch?

By Ben Rossi

The last decade has seen dramatic changes in the way people work, and this pace of change will only get faster.

Since the introduction of the computer, technology has shaped the way people use information – from the way they receive it, to how they consume it and what devices they use to access it.

Of course, technology will continue to evolve and there will be new innovations, but the next ten years are going to be different.

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