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The Worst Funding News In Tech, Leia’s New CEO, Cinematic AI

Jan 19, 2024 - forbes.com
The article discusses the latest developments in the tech industry, with a focus on augmented reality (AR) and virtual reality (VR) technologies. It highlights the stories from CES 2024, including the top XR, AR glasses pushing limits, and AR helping the handicapped. It also mentions Saudi Arabia’s Public Investment Fund's additional $590M investment into Magic Leap, the appointment of Ross Rosenberg as the new CEO of Magic Leap, and the resignation of Peggy Johnson. The article also discusses the appointment of Fabio Esposito as the CEO of Leia Inc., a leading provider of 3D PCs and tablets.

Furthermore, the article mentions LG's confirmation of releasing an XR headset, the release of the 24th VR mini-golf course by Walkabout Mini Golf, and the creation of a cinematic AI artwork by the Chinese artist @niceaunties. It also highlights the AI Film made by Eugene YK Chung, founder of Penrose Studios, for Pink Floyd’s “Dark Side of the Moon” 50th Anniversary animation competition, and the short AI film “Borrowing Time” by Dave Clark. The article concludes with a mention of the podcast "This Week in XR" and two articles on the future of filmmaking and venture money leaving the metaverse.

Key takeaways:

  • Saudi Arabia’s Public Investment Fund has invested another $590 million into Magic Leap, a company focused on augmented reality (AR) technology.
  • Leia Inc., a leading provider of 3D PCs and tablets, has announced Fabio Esposito as its new Chief Executive Officer.
  • LG has confirmed that it will be releasing an XR headset, with the first product from its collaboration with Meta expected in 2025.
  • Chinese artist @niceaunties has been recognized for her cinematic AI artwork, with one of her short AI experiences being a finalist in RunwayML’s recent GenAI film competition.
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