Thursday Tech Crawl: Secretive AR company Magic Leap is raising more money

Posted September 14th, 2017

Magic Leap seeks $500 million investment

Bloomberg is reporting that Florida-based augmented reality company Magic Leap is trying to raise more money as it gets ready to finally ship its device, which will cost between $1,500 and $2,000.

Temasek Holdings Pte., an investment company owned by Singapore, is considering whether to take part in a new round of financing of more than $500 milllion, Bloomberg reports.
 The company has already raised $1.3 billion. Magic Leap has generated a lot of questions about its device because of their secrecy. There has never been a public demonstration of what they are building.

Senator has questions for Apple over privacy protections

A day after Apple unveiled its new, expensive iPhone X, which can become unlocked by using facial recognition, Sen. Al Franken is pressing for more information on privacy and security safeguards.

Franken’s concern is that the faceprints that Apple collects will be sold to third parties or used for surveillance purposes, according to a letter the lawmaker sent Apple, Recode reports.

Google hints at new Pixel phone announcement on Oct. 4

Thanks to a mysterious billboard in Boston and a new video Google posted, it’s fairly obvious Google is planning to unveil more information on the new Pixel phones on Oct. 4.

That’s the same day the company unveiled its Pixel phone last year.

  

Comments