Have you heard of Magic Leap, one of the most secretive startup. Currently, they are looking at a valuation of $8bn. This is from Wiki – Magic Leap is a US startup company that is working on a head-mounted virtual retinal display which superimposes 3D computer-generated imagery over real world objects, by projecting a digital light field into the user’s eye, involving technologies potentially suited to applications in augmented reality and computer vision. It is attempting to construct a light-field chip using silicon photonics.
Magic Leap may fail. It may fail spectacularly, in the kind of blowup that makes for a great business tale. Or it may fail only in its ambition to be the Apple of augmented reality — and instead become yet another technology company powering devices and services that help Alibaba to better compete with Microsoft and Facebook. It’s also possible that it may succeed spectacularly.