I don't think Magic leap is out of the game yet. Microsoft, Meta, and Apple are all coming to the AR table though, and they're probably also spending boatloads on the problem. They're trying to create new hardware technology here.

I think they'll probably continue to be a player to some degree, it's just hard for me to picture what the AR competitive landscape is going to look like for the consumer space. Everything we've seen so far is pretty expensive and lackluster.