- Toshiba has cancelled its Wearvue TG-01 Google Glass competitor a few weeks before it was supposed to go on sale to consumers
- Cancelled as part of reported restructuring efforts at Toshiba, which has been facing financial difficulties
- Wearvue may have been a flawed device from the start, as it needed to be tethered by cable to a Windows device to work
- At Mobile World Congress, Chrysler unveiled a new car sales app that uses augmented reality to allow customers to modify features in a car before they buy
- The platform was built on Google’s Project Tango, a technology that allows mobile devices to “see” what’s around them using motion tracking, depth perception, and other services
- While the idea is just a prototype now, it suggests that there are opportunities for car dealers to change how they sell cars
- With this technology, buyers would no longer have to imagine how a showroom car with a tan interior would look with black leather, they could just point a device at the car and see for themselves
- Magic Leap has raised $1.4 billion from a variety of investors including Google, Kleiner Perkins, Andreessen Horowitz, Qualcomm, Warner Bros., Alibaba, Fidelity, J.P. Morgan and Morgan Stanley.
- A recent Series C funding round valued the company at $4.5 billion.
- CEO Rony Abovitz said Magic Leap is “gearing up to build millions” of devices.
- Although still in stealth mode, demos, developer kits, press releases and interviews have provided a good sense of what the device is and how it works.
- The initial product is expected to include video and audio. Eventually, touch and other senses will be added.