China’s virtual reality market will be worth US$8.5 bil and everyone wants a piece
(June 18): Magic Leap Inc, a US startup that makes a headset to project digital objects onto the real world, accused one of its former engineers of stealing its technology to create his own augmented reality device for China.
In a lawsuit filed Monday, Magic Leap alleges that Chi Xu, who left in 2016, exploited its confidential information to “quickly develop a prototype of lightweight, ergonomically designed, mixed reality glasses for use with smart phones and other devices that are strikingly similar” to the Florida-based startup’s designs.
