Emerging Technology (ET)

Delphi Automotive Buys EDBI-Backed nuTonomy

Delphi Automotive Plc (https://www.dealstreetasia.com/?s=Delphi+Automotive+Plc) has decided to acquire Boston-based nuTonomy Inc (https://www.dealstreetasia.com/?s=nuTonomy+Inc), a self-driving car startup, for a total of $450 million.

AT&T and Magic Leap Form Exclusive U.S. Consumer Relationship to Expand the Future of Spatial Computing

DALLAS, July 11, 2018 /PRNewswire/ — AT&T* is announcing a strategic, exclusive U.S. consumer relationship and investment with Magic Leap, developer of proprietary spatial computing and experiential platforms. The agreement combines Magic Leap’s focus on transformational technology and products with AT&T’s innovative network and distribution to usher in a new kind of contextually aware, intelligent, human-computer interactivity.

Magic Leap CEO interview: Indoor augmented reality is the first step

Rony Abovitz has been dreaming about a new way of seeing the world since he started Magic Leap in 2011. He raised $1.9 billion in funding, but he stayed quiet about what the company was going to do. Today, he unveiled the Magic Leap One AR goggles for the first time. AR is expected to be a multibillion market, with support from Google and Apple, but Magic Leap is the company that is throwing the most money and people at the challenge today.