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Magic Leap Raises $461M from Saudis

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Re: Magic Leap Raises $461M from Saudis

#51
post #28

Earlier quoted context omitted.

> opting to sell employees on large options packages that will be "worth millions one day" They're also notorious for refusing to allow employees to sell their shares, even if nothing in the original agreement prohibits a compliant transfer.

Is the refusal legally valid, or just pressure?

[deleted]

Re: Magic Leap Raises $461M from Saudis

#52
There is no doubt the technology is incredible and awe inspiring. However, zero shipped products, taking in tons of outside money, leaks galore and internal turmoil including one employee stealing 1M from the company through recruitment fees, this place has all the right tech but is making all the wrong moves, its valuation is pure speculation at this point. There will come a point where their investors demand a product shipped, that point will come soon and I hope they have this battery issue fixed by then.

Re: Magic Leap Raises $461M from Saudis

#55
post #8

Earlier quoted context omitted.

Apparently their tech is pretty awesome but getting it down to portable is what’s taking so long. That might be a rumor but it’d make sense for how much money they’re pulling in.

I think any kind of AR glasses that do not look like regular glasses are going to be a tough sell to the general public at least. I think we're still years away from this kind of tech though. I mean if it were possible today Apple would be all over it. Can Magic Leap pull it off before Apple if it is at all possible to do it in the next 5 to 10 years? I'm doubtful.

[deleted]

Re: Magic Leap Raises $461M from Saudis

#56
post #23

Earlier quoted context omitted.

and 6% sales tax

but depending on your political views, you also have to tolerate living in florida , which can be a distasteful experience to people whose cultural, religious and political values more closely align with the residents of portland, OR.

For someone who lives outside the US, but has visited Florida (Miami and Orlando), what do yo mean by tolerate? I understand that they may be more... conservative?. As a tourist, Miami seemed multicultural and fairly liberal, are state politics different?

Re: Magic Leap Raises $461M from Saudis

#57
post #8

Earlier quoted context omitted.

Apparently their tech is pretty awesome but getting it down to portable is what’s taking so long. That might be a rumor but it’d make sense for how much money they’re pulling in.

I think any kind of AR glasses that do not look like regular glasses are going to be a tough sell to the general public at least. I think we're still years away from this kind of tech though. I mean if it were possible today Apple would be all over it. Can Magic Leap pull it off before Apple if it is at all possible to do it in the next 5 to 10 years? I'm doubtful.

> look like regular glasses

This just isn't possible in the foreseeable future. Maybe someone will figure out how to fit enough processing power for decent AR into the "regular glasses" form-factor within the next couple decades, but there is no discernible path to a viable battery that could work in that form-factor even if we didn't have to also make room for the GPU. Additionally, none of this takes into account heating issues. If this goal is ever reached, its so far out that it's impossible to predict which company will achieve it.

Re: Magic Leap Raises $461M from Saudis

#58

A16Z investor Benedict Evans's Twitter reply today to a skeptic: > Frontier hardware tech is expensive. And, the investors have actually seen the tech. As will you, pretty soon ;) source: https://twitter.com/BenedictEvans/status/971404194300141568

The magic leap demos that have raised all this cash, it might be the most successful demo in history.

Not quite yet https://www.youtube.com/watch?v=yJDv-zdhzMY

Re: Magic Leap Raises $461M from Saudis

#59

Changing the world one murdered-by-starvation Yemeni at a time. How do you accept funding from oppressive, dictatorial, mysoginist regimes and then claim to “make the world a better place”? Sigh. The political implications are so ironically cringe-worthy

Why the downvotes? Can we not discuss the implications of “progress at all costs”?

I too would like an explanation on why I was flagged.

Re: Magic Leap Raises $461M from Saudis

#60
I think this is just incredible. Let's suppose they have an incredible technology and that works (which it is not true at this time because they don't have any product out yet). How do they justify the product adoption which such high valuation? (with patents of products they also don't have any idea if the people will want them?).

Even it is the best technology ever, if not enough people buy it the company will go down very quickly.

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