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Source: altwire.utne.com – Friday, February 10, 2017
Magic Leap, the $4.5 billion startup backed by Google building technology that "augments" human vision with digital imagery, is scrambling to finish a working prototype before an important board meeting next week. Here is the first public photo of a working prototype of Magic Leap's portable augmented reality device, which was given to Business Insider by a source. We attempted to authenticate this information with Magic Leap but the company declined to comment by time of publication. This early prototype was described to Business Insider as "PEQ0." PEQ is a term that Magic Leap uses to describe its current prototype. The photo is what the device looked like as of early January, and the source said there have been improvements to the prototype since then. The board will see a carefully planned demo of the "PEQ" by CEO Rony Abovitz next week, using equipment that looks more finished, with belt packs instead of a backpack, the person said. Abovitz explained a bit about the development process for the prototype in an email sent to employees. The email was in response to a December report published by the Information that called into question whether Magic Leap's technology could be sufficiently miniaturized and commercialized to fulfill the company's promises. Abovitz wrote in the December memo (bolded portion his own): "I used a PEQ0b (our 3rd mini-production run) about a week ago. We still have more cycles to go (PEQ1-PEQ5), but i

Continue on source: REVEALED: This is what secretive billion-dollar startup Magic Leap has been working on