Sources say that Meta will invest billions of dollars in Magic Leap to develop the next generation of AR products.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, May 22, according to the Financial Times, Meta has negotiated a multi-year cooperation agreement with Magic Leap, a pioneer of AR technology, and the two sides have reached patent licensing cooperation and cooperation in the development of the next generation of AR products.

▲ image source: Meta

Sources said that Meta and Magic Leap did not develop AR headsets, but Magic Leap provided technology licensing and some software and hardware, in return, Meta injected billions of dollars into Magic Leap, the two sides will work together for several years. Meta and Magic Leap did not immediately respond to the Financial Times report.

At present, including Apple, Samsung, Sony and so on, virtual reality headsets are launched this year. CTOnews.com has previously reported that Apple's first MR device costs as much as $1600. People in the industry believe that after Apple officially enters the virtual reality market, the technology competition will accelerate obviously. Analysts expect Meta to also launch new products in the second half of this year, which may include smaller, easier-to-use AR headsets.