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Re:My first year at Magic Leap and the opportunity ahead by tootie on Tuesday October 12, 2021 @09:50AM (#28839628)
What they lied about was the fidelity. They made demo video in 2015 that was a fully prerendered video of what they expected their AR experience to look like. Years later, the top of line headsets are fuzzy and very limited in field of view and have not seen any adoption outside of very niche applications.

https://youtu.be/ctUx3BzuQgQ

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