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  • Past Musings
  • Who We Are
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  • Join Us
  • Contact OLED-A
  • Evaluation
  • BOE, Tianma, TCL Report Strong Profits In 2021_03/27/22
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Magic Leap Gets $350m Bailout
May 24, 2020

​Business Insider reported that Magic Leap has received a $350 million lifeline, a month after slashing 1,000 jobs and dropping its consumer business.  CEO Rony Abovitz sent a note to staff announcing the funding, courtesy of unnamed current and new investors. What had been a lavishly funded augmented reality company still plans to turn all of its focus to the enterprise, as previously announced — a move that puts it direct competition with Microsoft’s HoloLens and Google Glass.

​Figure 1. Magic Leap Device
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