Sci-tech

Apple acquires VR company NextVR

Apple has acquired the virtual reality streaming platform NextVR, signaling what could be the next phase of the tech giant's plans to move into the virtual and augmented reality space. Apple has declined to disclose the amount of the deal, whereas 9to5Mac estimates the acquisition was worth $100 million. The AR glasses and headset may have VR features similar to how the HoloLens, Magic Leap One, and Windows Mixed Reality devices work.

A deal between the pair had first been reported in early April. As it typically does, the company shared its acquisition statement: "Apple buys smaller technology companies from time to time, and we generally do not discuss our goal or plans".

The acquisition may help Apple's development of VR and AR headsets with accompanying software and content. NextVR supplies content to several existing VR headsets, including Facebook Inc.'s Oculus and devices from Sony Corp., HTC Corp. and Lenovo.

The acquisition has been confirmed by Bloomberg, but no purchase price has been confirmed as Apple tends not to discuss those details.

More news: OnePlus 8 Pro’s "X-ray vision" feature will be temporarily disabled, company apologizes

Most of the engineers who developed NextVR are being hired by Apple. It was also stated in the report that both of the companies have begun informing employees from San Diego that they will need to relocate to Cupertino.

Next VR raised $115.5 million, according to startup tracker Crunchbase.

The company, which is located in California, is mostly known for partnerships with the National Basketball Association and Wimbledon to stream live sports from specialized cameras set up court-side to people's headsets at home. Instead of focusing on the hardware side of displaying virtual reality content, NextVR was founded around to video capture and compression to experience it in 360 degrees no matter what device the content would be viewed on.



Like this

loading...
loading...

Latest


20 May 2020
Steve Carell Launches Rockets in New SPACE FORCE Trailer
Starring Steve Carell in the lead role as the leader of Space Force and is brought by the makers of his hit show The Office . You got to know him as Michael Scott, but when you see him in Space Force you'll see a whole new side of Carell.

20 May 2020
Pompeo rejected request for interview from inspector general on Saudi arms sales
The secretary of state said Mr Linick was sacked for " undermining " the state department, though he did not give further details. Trump said he believes inspectors general appointed by his predecessor should "generally" be replaced throughout the government.

20 May 2020
Umbrella Academy Season 2 Premiere Date Revealed
And we tried not to change too much the approach of how to tell the story musically. If you haven't watched the first two seasons yet, we suggest you get right on that.

20 May 2020
Stephen F. Austin facing postseason ban for low April
Programs are required to meet a four-year average of 930 in order to maintain eligibility for NCAA Championship competition. Lobo basketball was last hit with a scholarship loss based on the 2006-07 April score under former coach Ritchie McKay.

20 May 2020
'Jane Roe' Norma McCorvey: I Was Paid for Pro-Life Switch
The documentary feature follows the true story of McCorvey in the landmark ruling on abortion rights. I'd recommend just listening to the latest episode of Rewire.News' podcast about Roe v.

20 May 2020
Moderna's COVID-19 vaccine trial: Biggest hurdles are ahead
NY time Monday, its stock offering at 4:18 p.m. (18 minutes after the stock market closed) and the offering price at 10:32 p.m. The findings are based on results from the first eight people who each received two doses of the vaccine, starting in March.

20 May 2020
TikTok bans Faizal Siddiqui's account due to 'multiple community guideline violations'
After a lot of noise regarding TikTok , the App is now witnessing its lowest rating ever i.e- 2.0. TikTok has presently suspended his account for violation of multiple community guidelines.

20 May 2020
BC health officials report two new coronavirus cases, three deaths
The number of long-term care homes in the province with a patient or member of staff who has tested positive is at 21. Forty-nine health centres across B.C.in every health authority have begun performing elective surgeries.

19 May 2020
Eurovision 2021 to be held in Dutch city of Rotterdam
This was confirmed during the Eurovision: Europe Shine A Light. Rotterdam will host the contest, as it was planned in 2020.

19 May 2020
X-37B spaceplane launched for sixth secretive mission
The Boeing-made X-37B is an unmanned, reusable spacecraft that takes off vertically and lands horizontally on a runway. There has not been much information provided by the United States government or by the authorities in the past.