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Valve is “still working on VR and still pushing forward on it”

Valve unveiled its Steam Deck OLED late last week, offering up a hardware refresh for the first time since the company launched the handheld gaming device last year. While the company has been full steam ahead on handhelds and developing Steam OS, Valve says it’s “still pushing forward” on VR. Valve ostensibly has a standalone […]

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Road to VR & Scott Hayden

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‘Tokyo Chronos’ Studio MyDearest Secures $7.8M to Further Expand IP on Quest & PSVR 2

MyDearest, the Japan-based VR studio behind the Chronos adventure game franchise, announced it’s secured $7.8 million (1.2 billion yen), something the studio says it will use to expand its existing IP for VR headsets, such as Meta Quest and PSVR 2. The investment was led by SBI Investment Co., Ltd. and is joined by DG […]

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Road to VR & Scott Hayden

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Meta-Tencent Partnership to Bring Quest to China Reportedly Suspended

According to a Wall Street Journal report in November, Meta was in talks with Chinese tech giant Tencent in hopes of bringing a cheaper version of Quest to Mainland China. Now, according to a new report from Chinese language outlet Sina Finance, that deal has allegedly been suspended. Update (January 25th, 2024): The Sina Finance report (via […]

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Road to VR & Scott Hayden

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Magic Leap 2 Update Claims Vastly Improved Hand-tracking, Biometric ID, & More

A major update to Magic Leap 2 claims to improve many of the device’s core capabilities. With all that’s happened in the XR space recently, it’s hard to believe that Magic Leap 2 has hardly been out for more than a year. The company continues to support and improve the device, including a major update […]

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Road to VR & Ben Lang

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Report: Pico to Layoff “hundreds” as Company Shifts Focus to Hardware

There were rumors circulating late last month that TikTok parent company ByteDance was set to spin down its China-based VR headset company, Pico Interactive. While the company dismissed those rumors, a new Reuters report maintains Pico is soon set to lay off teams focused on sales, videos and platform operations, which could affect “hundreds” of employees. […]

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Road to VR & Scott Hayden

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‘Arizona Sunshine’ Studio Working on Unannounced “AAA VR game” Based on a Global Franchise

According to a recent job offer posted by Amsterdam-based developer Vertigo Games, pre-production has begun on a “high-profile, multiplatform AAA VR game,” which is said to be based on a globally recognized franchise. Posted earlier this month, the studio is looking for a Lead Level Designer with a proven track record in level design for console/PC […]

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Road to VR & Scott Hayden

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HTC is Sending a VR Headset to the ISS to Support Astronaut Mental Health

Virtual reality is already being used on the ground to help prepare astronauts for the rigors of space, although now HTC says it’s sending its standalone VR headset Vive Focus 3 to the International Space Station (ISS) to help support the mental health of astronauts during their mission. To help alleviate stress, and maybe even […]

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Road to VR & Scott Hayden

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Magic Leap Shakes up Leadership with New CEO

Magic Leap, maker of one of the best AR headsets on the market, is making a major change to its leadership with a new CEO that will face the challenge of carving out territory for its transparent AR technology against a growing wave of passthrough AR headsets. After a meteoric rise and then near catastrophic […]

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Road to VR & Ben Lang

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Reality Labs Revenue Drops to Lowest Point on Record Ahead of Quest 3 Launch

Meta today announced its third quarter earnings, revealing that revenue of its Reality Labs XR division dropped to its lowest point on record, just ahead of the launch of Quest 3. All eyes are now on the holiday season to see if Meta’s new hardware will move the needle. Meta announced the latest Reality Labs […]

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Road to VR & Ben Lang

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Pico Shutdown Rumors are False, Says Parent Company ByteDance

A recent rumor, which alleged that TikTok parent company ByteDance is slated to spin down its XR hardware subsidiary Pico Interactive, is false, the company says. China-based publication EqualOcean reported late last week that ByteDance is set to “gradually abandon the PICO business.” The report alleged the person in charge of Pico recently went to Singapore to […]

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Road to VR & Scott Hayden