Magic Leap Transforms into AI Smart Glasses Waveguide Technology Supplier, Lays Off Nearly 200 People
Magic Leap, an AR pioneer once valued over 10 billion, announced a major strategic adjustment, will no longer develop its own AR headsets, and is transforming into a waveguide supplier. The company plans to lay off nearly 200 people, focusing on providing core display technology for AI smart glasses manufacturers, seeking to establish itself in the new AR industry landscape.
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