Magic Leap is at the Future Investment Initiative (FII) in Riyadh to announce a strategic move into augmented reality (AR) glasses development and a renewed partnership with Google. After fifteen years of research and development, Magic Leap is establishing itself as an AR ecosystem partner to support companies building glasses. As a partner, the company applies its expertise in display systems, optics, and system integration to advance the next generation of AR. “Magic Leap’s optics, display systems, and hardware expertise have been essential to adv...

Leyard announced on June 2 that the company’s whole subsidy has participated in the investment of PV ML LLC, the investment entity that signed the stake transfer agreement with Legend Pictures for the acquisition of Magic Leap’s stake.