DigiLens Rasie’s $50M Series D. Samsung led the round, giving an indication of where these low-cost waveguide lenses for AR glasses could be headed. The investment values the company at $530 million.
Unreal Engine 5 could change games, movies and the Metaverse To demonstrate the power of the new UE5 game development platform, Epic is releasing the entire city of the matrix Demo so developers can build games and experiences on top of it. The world will be populated by 20,000 metahumans driving cars and walking the city streets, with every block brought to life in minute detail, down to every leaf and brick.
According to Citi, the metaverse economy could be worth $13 trillion by 2030 In a report released last week, the bank says the Metaverse represents a potential $13 trillion market opportunity by 2030 that could have as many as 5 billion users.
Epic and Lego are working together to build The Legoverse. The publication didn’t say Legoverse to be fair, but I just had to do it. The joint release by the two companies was short on details but not on superlatives. “The Lego Group and Epic Games will combine their vast experience to ensure that this next iteration of the internet is designed with the best interests of children in mind from the start.” It’s not even clear that money changed hands. Maybe Epic is just fed up with how Meta is dominating tech news every week. They’ve got 3,741 press releases under their belts, so that won’t be a big hit.
The Army is eyeing thousands of IVAS systems with a FY23 budget. That’s a nice way of saying that the Army is slowly moving forward with its expected $22 billion purchase of HoloLens technology. On the one hand, Command loves Microsoft, The HoloLens, and IVAS. They say delays are normal. On the other hand, they were hampered by congressional budget allocations and received only half of what was requested, which was itself much less than expected. How they’re talking about them now next HoloLens, the XR combat use case, may stay in the cockpit longer than expected.
Orthomed & Osso bring VR surgical training to the animal health market. The simulator used to train doctors can also train veterans.
Apple Headset rumor round-up: Everything we heard. It’s a slow week, so…
This week in XR is now a podcast hosted by Ted Schilowitz, Futurist at Viacom, and Charlie Fink, the author of this weekly column. Our guest this week is Alex Howland, Founder and President of Virbela. You can find us on podcasting platforms Spotify, iTunesand youtube.
what we read
Magic Leap 2 aims to bring AR into enterprise, this time without BS (Connie Guglielmo/Cnet)
How the Metaverse could change work (Mark Purdy/Harvard Business Review)
Will your company use AR for training? (Jonny Evans/Computer World)
The state of XR in manufacturing and industry in 2022 (Rory Greenier/XR Today)