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Snap Confirms Mass Layoffs Ahead of Next-gen ‘Specs’ AR Glasses Rollout

Snap is laying off around 1,000 employees, the Snapchat parent confirmed today. Specs Inc., its recently formed AR glasses subsidiary, is reportedly not being affected, however, as the cuts are aimed at further insulating the traditional Snapchat business from its new AR subsidiary. Spiegel announced the news in an internal memo, published by Business Insider, which […]

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Meta Shows Confidence in EMG Input for Wearables by Funding Six External Studies

Meta announced it’s tapped six external teams to receive a research grant in order to advance work on its surface electromyography (sEMG) based wristband controller. Meta revealed in a blog post it’s launched a research funding initiative focused on improving how users learn and interact with sEMG systems, having chosen six universities out of 70 global […]

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XR Glasses Maker VITURE Raises Another $100M, Marking $200M Raised in Less Than 6 Months

XR glasses company VITURE announced it’s secured an additional $100 million financing round following its $100 million Series B secured in September 2025. The latest round was led by Legend Capital, a Beijing-based investment arm affiliated with Lenovo. The round also featured a group of strategic investors, including previous investor Bertelsmann Group. According to Crunch Base data, this brings Viture’s overall […]

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Snap Forms ‘Specs Inc’ to Insulate AR Business Ahead of AR Glasses Launch

Snapchat maker Snap announced it’s formed a new business dedicated to its upcoming AR glasses. The News Called Specs Inc, the wholly-owned subsidiary within Snap is said to allow for “greater operational focus and alignment” ahead of the public launch of its latest AR glasses coming later this year. In addition to operating its AR […]

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Snap Forms ‘Specs Inc’ to Insulate AR Business Ahead of AR Glasses Launch

Snapchat maker Snap announced it’s formed a new business dedicated to its upcoming AR glasses. The News Called Specs Inc, the wholly-owned subsidiary within Snap is said to allow for “greater operational focus and alignment” ahead of the public launch of its latest AR glasses coming later this year. In addition to operating its AR […]

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Google’s Leading AR Glasses Partner XREAL Files Patent Lawsuit Against VITURE

AR glasses maker XREAL has filed a patent infringement lawsuit in the United States against affiliates of VITURE, its direct competitor. Filed in the District Court for the Eastern District of Texas, the suit alleges that Eden Future HK Limited and Beijing Xingzhe Wujiang Technology infringed Xreal’s US Patent No. 11,988,839, which covers optical system […]

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Google’s Leading AR Glasses Partner XREAL Raises $100M

XREAL, the Beijing-based AR glasses maker, announced it has raised $100 million in a recent funding round. The News Xreal co-founder and CEO Chi Xu broke the news on Bloomberg Television, noting the company secured funding from “supply chain partners” in addition to other backers, which Xu declined to disclose. According to Crunchbase data, the company has […]

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Google’s Leading AR Glasses Partner XREAL Raises $100M

XREAL, the Beijing-based AR glasses maker, announced it has raised $100 million in a recent funding round. The News Xreal co-founder and CEO Chi Xu broke the news on Bloomberg Television, noting the company secured funding from “supply chain partners” in addition to other backers, which Xu declined to disclose. According to Crunchbase data, the company has […]

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Magic Leap Signs Deal with Taiwan’s Pegatron, Strengthening AR Manufacturing Position

Magic Leap announced a manufacturing partnership with Pegatron, a major global electronics manufacturer, to scale production of AR glasses components, including Magic Leap’s waveguide technology. The News Under the agreement outlined in a press statement, Pegatron will apply its manufacturing capabilities to help turn Magic Leap’s optical designs into mass-produced components. Taiwan-based Pegatron specializes in […]

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Magic Leap Announces Multi-year AR Hardware Partnership with Google

Magic Leap announced this week at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia its latest AR hardware plans along with a renewed partnership with Google. The News Google and Magic Leap announced in May 2024 a “strategic technology partnership” to secure key technology needed to make compact AR glasses. We’ve heard little about […]

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