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Magic Leap Used Fake Tech Demos and Is 'Years' Behind Schedule (ibtimes.co.uk)
New submitter drunkdrone writes: Magic Leap's coveted mixed reality technology has been the subject of intense speculation since it broke ground in 2014. Having secured billions of dollars in funding from some of the world's biggest tech giants, the secretive start-up has managed to stay at the centre of the VR/AR conversation despite showing little of the so-called revolutionary technology it has in the works. Now, the Magic Leap hype bubble may be about to burst in spectacularly disappointing fashion. According to reports, the Florida-based start-up is years behind on its plans and may have used deceptive product demos in order to keep interest in its tech alive. The Verge, which quotes an exclusive article from The Information, reports that Magic Leap's mixed reality technology has long since been overtaken by other products already on the market such as Microsoft's HoloLens, which Magic Leap's technology is said to most closely resemble. Allegedly, Magic Leap has struggled to scale-down a bulky piece of laser projection equipment used within the headset's display. "The crux of the problem appears to be Magic Leap's gamble on a so-called fibre scanning display, which shines a laser through a fibre optic cable that moves rapidly back and forth to draw images out of light," reports the Verge.
This is common in tech. It creates an illusion of leaps of progress in tech. The reality is that the tech industry has reached a dead end with the death of Moore's Law. You will see incremental progress from here on out, but no more large leaps like we have had for the previous 40 years.
Remember back in the late nineties, when people (mostly stupid liberals) convinced Congress and Clinton to pass a "Luxury Tax" on things like ... yachts? Remember what happened to all those industries that were building those things? Do you remember the fanfare when they repealed that tax?
Yeah, nobody remembers shit like that.
Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.