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: ‘Obamagate?’ AG William Barr says he doesn’t expect investigations of Biden, Obama

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
United States border closure extended 30 more days, Trudeau says
The U.S. and Canada have extended an order closing their shared border to nonessential traffic. Truck drivers are critical as they move food and medical goods in both directions.

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
Tom Hanks' 'Greyhound' Will Premiere on Apple TV+
Apple executives are said to have begun taking pitches from Hollywood studios about licensing content for Apple TV+. Apple TV+ also has a limited app offering, with nothing for Android / Android TV, Windows 10, and gaming consoles.

20 May 2020
Coronavirus: Trump says he is taking unproven drug hydroxychloroquine
"I'm not but I would never begrudge any American taking the advice of their physician", he told Fox News' Kristin Fisher. The President said he had started taking it "a couple of weeks ago" because "I've heard a lot of good stories".

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
Two People Accused Of Shoplifting While Wearing Watermelons On Their Heads
Police are still searching for the second masked individual involved in the theft, and are asking the public to help identify him. We're clearly dealing with two masterminds", one person replied.

20 May 2020
U.S. risks 'permanent damage' from extended shutdown: Mnuchin
Working with the Treasury, the central bank has launched unprecedented support for markets and the economy since mid-March. The program would support lending up to $600 billion, with Treasury providing $75 billion to offset any potential losses.

20 May 2020
The US stopped Huawei's latest $700 million order to TSMC
But its biggest producer, SMIC, can only make chips that are two generations behind TSMC. Guo said that Huawei spent about $18.7 billion previous year buying from US suppliers.

19 May 2020
Google App Dark Mode Begins Wide Rollout To Users Today
Like many software developers, Google has slowly but surely been adding dark mode options to its apps and services. The feature has been part of the beta version of the app for a few months, but now it's ready for a wider release.

19 May 2020
Early Galaxy Note 20 Leak Shows Off Triple Rear Cameras
On the other hand, the Korean giant did not specify a date for the official announcement of the Galaxy Note 20 series . It claims that the Galaxy Note 20 + will include a 108-megapixel main camera, just like the Galaxy S20 Ultra .