<s>
Magic	B-General_Concept
Leap	I-General_Concept
,	O
Inc	O
.	O
is	O
an	O
American	O
technology	O
company	O
that	O
released	O
a	O
head-mounted	B-General_Concept
augmented	B-General_Concept
reality	I-General_Concept
display	O
,	O
called	O
Magic	B-General_Concept
Leap	I-General_Concept
One	I-General_Concept
,	O
which	O
superimposes	O
3D	B-Algorithm
computer-generated	O
imagery	O
over	O
real	O
world	O
objects	O
.	O
</s>
<s>
Magic	B-General_Concept
Leap	I-General_Concept
was	O
founded	O
by	O
Rony	O
Abovitz	O
in	O
2010	O
and	O
has	O
raised	O
$2.6	O
billion	O
from	O
a	O
list	O
of	O
investors	O
including	O
Google	B-Application
and	O
Alibaba	O
Group	O
.	O
</s>
<s>
In	O
December	O
2016	O
,	O
Forbes	O
estimated	O
that	O
Magic	B-General_Concept
Leap	I-General_Concept
was	O
worth	O
$4.5	O
billion	O
.	O
</s>
<s>
On	O
August	O
8	O
,	O
2018	O
,	O
the	O
Magic	B-General_Concept
Leap	I-General_Concept
One	I-General_Concept
was	O
made	O
available	O
in	O
the	O
United	O
States	O
through	O
AT&T	O
.	O
</s>
<s>
On	O
May	O
28	O
,	O
2020	O
,	O
Rony	O
Abovitz	O
announced	O
that	O
Magic	B-General_Concept
Leap	I-General_Concept
had	O
raised	O
$350	O
million	O
in	O
new	O
funding	O
and	O
that	O
he	O
would	O
be	O
stepping	O
down	O
as	O
CEO	O
.	O
</s>
<s>
Magic	B-General_Concept
Leap	I-General_Concept
was	O
founded	O
by	O
Rony	O
Abovitz	O
in	O
2010	O
.	O
</s>
<s>
According	O
to	O
past	O
versions	O
of	O
its	O
website	O
,	O
the	O
startup	O
evolved	O
from	O
a	O
company	O
named	O
"	O
Magic	B-General_Concept
Leap	I-General_Concept
Studios	O
"	O
which	O
around	O
2010	O
was	O
working	O
on	O
a	O
graphic	O
novel	O
and	O
a	O
feature	O
film	O
series	O
,	O
and	O
in	O
2011	O
became	O
a	O
corporation	O
,	O
releasing	O
an	O
augmented	B-General_Concept
reality	I-General_Concept
app	O
at	O
Comic-Con	O
that	O
year	O
.	O
</s>
<s>
In	O
October	O
2014	O
,	O
when	O
the	O
company	O
was	O
still	O
operating	O
in	O
stealth	O
mode	O
(	O
but	O
already	O
reported	O
to	O
be	O
working	O
on	O
projects	O
relating	O
to	O
augmented	B-General_Concept
reality	I-General_Concept
and	O
computer	B-Application
vision	I-Application
)	O
,	O
it	O
raised	O
more	O
than	O
$540	O
million	O
of	O
venture	O
funding	O
from	O
Google	B-Application
,	O
Qualcomm	O
,	O
Andreessen	O
Horowitz	O
and	O
Kleiner	O
Perkins	O
,	O
among	O
other	O
investors	O
.	O
</s>
<s>
A	O
November	O
2014	O
analysis	O
by	O
Gizmodo	O
,	O
based	O
on	O
job	O
listings	O
,	O
trademark	O
registrations	O
and	O
patent	O
applications	O
from	O
Magic	B-General_Concept
Leap	I-General_Concept
,	O
concluded	O
that	O
the	O
company	O
appeared	O
to	O
be	O
building	O
a	O
competitor	O
to	O
the	B-Application
Google	I-Application
Glass	O
and	O
Oculus	B-Device
Rift	I-Device
that	O
would	O
"	O
blend	O
computer-generated	O
graphics	O
with	O
the	O
real	O
world	O
"	O
.	O
</s>
<s>
It	O
had	O
also	O
been	O
compared	O
to	O
Microsoft	B-General_Concept
HoloLens	I-General_Concept
.	O
</s>
<s>
Before	O
Magic	B-General_Concept
Leap	I-General_Concept
,	O
a	O
head-mounted	B-General_Concept
display	I-General_Concept
using	O
light	O
field	O
had	O
been	O
demonstrated	O
by	O
Nvidia	O
in	O
2013	O
,	O
and	O
the	O
MIT	O
Media	O
Lab	O
has	O
also	O
constructed	O
a	O
3D	B-Algorithm
display	O
using	O
"	O
compressed	O
light	O
fields	O
"	O
;	O
however	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
asserts	O
that	O
it	O
achieves	O
better	O
resolution	O
with	O
a	O
new	O
proprietary	O
technique	O
that	O
projects	O
an	O
image	O
directly	O
onto	O
the	O
user	O
's	O
retina	O
.	O
</s>
<s>
According	O
to	O
a	O
researcher	O
who	O
studied	O
the	O
company	O
's	O
patents	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
is	O
likely	O
to	O
use	O
stacked	O
silicon	O
waveguides	O
.	O
</s>
<s>
Richard	O
Taylor	O
of	O
special	O
effects	O
company	O
Weta	O
Workshop	O
is	O
involved	O
in	O
Magic	B-General_Concept
Leap	I-General_Concept
alongside	O
Abovitz	O
.	O
</s>
<s>
On	O
March	O
19	O
,	O
2015	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
released	O
a	O
demo	O
video	O
titled	O
"	O
Just	O
another	O
day	O
in	O
the	O
office	O
at	O
Magic	B-General_Concept
Leap	I-General_Concept
"	O
.	O
</s>
<s>
The	O
video	O
includes	O
augmented	B-General_Concept
reality	I-General_Concept
gaming	O
and	O
productivity	O
applications	O
but	O
it	O
was	O
unclear	O
if	O
the	O
video	O
was	O
actual	O
footage	O
using	O
their	O
technology	O
or	O
a	O
simulated	O
experience	O
.	O
</s>
<s>
On	O
October	O
20	O
,	O
2015	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
released	O
actual	O
footage	O
of	O
their	O
product	O
.	O
</s>
<s>
While	O
still	O
not	O
showing	O
any	O
hardware	O
,	O
the	O
footage	O
claims	O
that	O
it	O
was	O
filmed	O
through	O
a	O
Magic	B-General_Concept
Leap	I-General_Concept
device	O
without	O
the	O
use	O
of	O
special	O
effects	O
or	O
compositing	O
.	O
</s>
<s>
The	O
video	O
suggests	O
that	O
virtual	O
3D	B-Algorithm
objects	O
can	O
be	O
occluded	O
by	O
real	O
objects	O
,	O
which	O
may	O
be	O
predefined	O
geometry	O
in	O
the	O
scene	O
but	O
led	O
to	O
speculation	O
about	O
3D	B-Algorithm
spatial	O
mapping	O
being	O
used	O
.	O
</s>
<s>
On	O
February	O
2	O
,	O
2016	O
,	O
Financial	O
Times	O
reported	O
that	O
Magic	B-General_Concept
Leap	I-General_Concept
further	O
raised	O
another	O
funding	O
round	O
of	O
close	O
to	O
$800m	O
,	O
valuing	O
the	O
startup	O
at	O
$4.5	O
billion	O
.	O
</s>
<s>
On	O
February	O
11	O
,	O
2016	O
,	O
Silicon	O
Angle	O
reported	O
that	O
Magic	B-General_Concept
Leap	I-General_Concept
had	O
joined	O
the	O
Entertainment	O
Software	O
Association	O
.	O
</s>
<s>
On	O
June	O
16	O
,	O
2016	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
announced	O
a	O
partnership	O
with	O
Disney	O
's	O
Lucasfilm	O
and	O
its	O
ILMxLAB	O
R&D	O
unit	O
.	O
</s>
<s>
On	O
December	O
20	O
,	O
2017	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
unveiled	O
their	O
Magic	B-General_Concept
Leap	I-General_Concept
One	I-General_Concept
,	O
to	O
be	O
shipped	O
the	O
following	O
year	O
.	O
</s>
<s>
In	O
December	O
2017	O
,	O
UK	O
technology	O
news	O
site	O
The	O
Register	O
described	O
Magic	B-General_Concept
Leap	I-General_Concept
as	O
a	O
vaporware	B-Application
company	O
that	O
"	O
has	O
received	O
nearly	O
$2bn	O
in	O
funding	O
over	O
four	O
years	O
,	O
values	O
itself	O
at	O
$6bn	O
,	O
and	O
has	O
yet	O
to	O
produce	O
anything	O
but	O
fake	O
technology	O
"	O
.	O
</s>
<s>
On	O
March	O
7	O
,	O
2018	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
raised	O
$461	O
million	O
in	O
Series	O
D	O
funding	O
led	O
by	O
the	O
Public	O
Investment	O
Fund	O
of	O
Saudi	O
Arabia	O
,	O
the	O
country	O
's	O
sovereign	O
wealth	O
fund	O
.	O
</s>
<s>
In	O
June	O
2018	O
,	O
the	O
company	O
's	O
first	O
headset	O
,	O
called	O
the	O
Magic	B-General_Concept
Leap	I-General_Concept
One	I-General_Concept
,	O
was	O
showcased	O
for	O
the	O
first	O
time	O
online	O
,	O
only	O
showcasing	O
the	O
device	O
visually	O
but	O
performing	O
no	O
demonstration	O
of	O
its	O
functionality	O
.	O
</s>
<s>
Magic	B-General_Concept
Leap	I-General_Concept
One	I-General_Concept
became	O
the	O
first	O
product	O
to	O
be	O
sold	O
only	O
in	O
AT&	O
T-owned	O
stores	O
across	O
the	O
United	O
States	O
.	O
</s>
<s>
On	O
October	O
10	O
,	O
2018	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
introduced	O
Mica	O
,	O
a	O
human-like	O
AI	O
assistant	O
.	O
</s>
<s>
In	O
April	O
2019	O
,	O
it	O
was	O
reported	O
that	O
Magic	B-General_Concept
Leap	I-General_Concept
had	O
raised	O
an	O
additional	O
$280	O
million	O
from	O
NTT	O
Docomo	O
as	O
part	O
of	O
a	O
partnership	O
announced	O
by	O
the	O
two	O
companies	O
.	O
</s>
<s>
In	O
November	O
2019	O
,	O
it	O
was	O
reported	O
that	O
Magic	B-General_Concept
Leap	I-General_Concept
assigned	O
all	O
of	O
its	O
US	O
patents	O
to	O
J.P.	O
Morgan	O
Chase	O
in	O
August	O
2019	O
.	O
</s>
<s>
On	O
April	O
22	O
,	O
2020	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
indicated	O
a	O
major	O
company	O
restructuring	O
and	O
that	O
half	O
of	O
the	O
company	O
's	O
staff	O
would	O
be	O
laid	O
off	O
due	O
to	O
the	O
COVID-19	O
pandemic	O
.	O
</s>
<s>
In	O
October	O
2021	O
,	O
Venture	O
Beat	O
reported	O
that	O
the	O
company	O
's	O
valuation	O
was	O
$2	O
billion	O
after	O
raising	O
$500	O
million	O
from	O
an	O
unidentified	O
source	O
and	O
that	O
the	O
company	O
would	O
unveil	O
the	O
new	O
Magic	B-General_Concept
Leap	I-General_Concept
2	O
AR	O
headset	O
in	O
2022	O
(	O
“	O
select	O
customers	O
”	O
are	O
already	O
using	O
it	O
in	O
2021	O
as	O
part	O
of	O
an	O
early	O
access	O
program	O
)	O
.	O
</s>
<s>
In	O
October	O
2021	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
's	O
CEO	O
announced	O
Magic	B-General_Concept
Leap	I-General_Concept
2	O
would	O
be	O
the	O
"	O
industry	O
’s	O
smallest	O
and	O
lightest	O
device	O
"	O
for	O
business	O
uses	O
,	O
with	O
a	O
significantly	O
larger	O
field	O
of	O
view	O
,	O
and	O
include	O
a	O
dimming	O
feature	O
to	O
be	O
used	O
in	O
brightly	O
lit	O
settings	O
.	O
</s>
<s>
On	O
September	O
30th	O
,	O
2022	O
,	O
Magic	B-General_Concept
Leap	I-General_Concept
officially	O
released	O
its	O
latest	O
AR	O
Headset	O
,	O
the	O
Magic	B-General_Concept
Leap	I-General_Concept
2	O
.	O
</s>
