Augmented Reality Technology

Meta acquisition of Within Unlimited virtual reality company closes

02/14/202302/10/2023 L. Green

Virtual reality - Acquisition - Business

The Facebook parent company was able to win an antitrust lawsuit filed against it by the FTC. When Meta recently won an antitrust lawsuit filed against it by the Federal Trade Commission (FTC), the judge required the company to wait a week before closing its acquisition deal of virtual reality company Within Unlimited. The FTC’s lawsuit sought to stop Meta from being able to purchase Within Unlimited. Meta’s efforts to purchase the virtual reality company best known for its Supernatural fitness application were delayed by over a year as it…

Metaverse policing strategy is under development at Interpol

02/13/202302/10/2023 Jesse Collins

The global police agency is investing the ways crime can be regulated in a virtual reality universe. Jurgen Stock, secretary general at Interpol, said that the police agency is currently developing a strategy that the organization will be able to use to police crime that occurs in the metaverse. The virtual reality universe has seen a great deal of hype but has yet to experience any mainstream use. Interpol has developed its own virtual reality (VR) environment in anticipation of a potential widespread use of the metaverse. In Interpol’s VR…

Meta gains court approval to acquire virtual reality startup Within Unlimited

02/02/202302/01/2023 Jennifer Goula

Virtual reality - Approved - Meta - Court

This court decision has defeated the US Federal Trade Commission’s effort to block the purchase. Meta Platforms Inc. has received the nod from the courts to acquire Within Unlimited, a virtual reality startup. This is a defeat to the effort the US Federal Trade Commission (FTC) has made to block the purchase deal. The FTC’s preliminary injunction to block the acquisition was denied in a sealed decision yesterday. The decision was made by US District Judge Edward Davila in San Jose, California. The decision was to reject the FTC’s request…

Microsoft surprises no one by laying off its HoloLens, mixed reality, and VR technology staff

01/30/202301/27/2023 Jesse Collins

The tech giant has dumped all the employees in each of those departments following a hiring wave. Microsoft has joined a number of other large tech companies that are laying off mixed reality and VR technology staff following a hiring boom that occurred throughout the pandemic. The employees of those companies are now paying the price of their employer’s rapidly made choices. Several tech giants were too quick in hiring new staff and expanding their offerings during the pandemic. Now, as the economy contracts, those giants are laying off those…

Apple AR glasses delayed in favor of cheaper mixed reality gadget

01/19/202301/18/2023 Jennifer Goula

The augmented reality device was meant to be launched on the heels of this year’s headset. While Apple still plans to unveil a mixed-reality headset in 2023, it will be delaying the AR glasses that were supposed to be a follow-up product launch this year. The postponement of the second gadget is occurring due to technical challenges in its development. The lightweight AR glasses will be delayed in favor of a cheaper version of its mixed reality headset. Apple originally intended to roll them out after its full-featured mixed reality…